Mille Lire to join Mudsmith and Pints & QuartsDallas Observer :: October 11, 2017 October 11, 2017
On the heels of purchasing an iconic Oak Lawn building, a Dallas-based real estate investment firm has decided to reposition The Centrum.
The renovations at the 392,473-square-foot office and retail complex at 3102 Oak Lawn Ave. in Dallas include a redesigned lobby, outdoor courtyards, rooftop decks and adding a number of food concepts and spec suite options. The updates also include all common areas and the parking garage.
There's excitement in revitalizing the property, said Chad Cook, founder of Dallas-based Quadrant Investment Properties, which has been buying up real estate in North Texas for the past several years.
"It is rare to find a project of this significance that offers a repositioning opportunity of this magnitude in such an incredible location," Cook said, in a prepared statement.
"Once the renovations are complete, we hope to offer a workplace environment unlike any in the market, specially targeting tenants seeking a more collaborative office experience," he added.
Currently, the building is 73 percent occupied with tenants ranging from Baron & Budd, Compass Health, Lackey Hershman, Steel and Mattito's Tex-Mex. The redo is scheduled to begin later this year.
The new ownership group, which purchased The Centrum at the end of 2014, has hired Transwestern to lease the property and CBRE to manage the building.
Candace covers commercial and residential real estate and sports business.
Read the full article: http://www.bizjournals.com/dallas/news/2015/02/10/...