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Ricchi Towers 2 Office Properties in Dallas, TX
Investment Highlights
- FUNDAMENTAL SHIFT AND IMPROVEMENT IN THE COMPOSITION OF THE SURROUNDING AREAS.
- ATTRACTIVE DESIGN WITH VERSATILE FLOOR PLATE, DENSE PARKING CAPACITY AND FULL SUITE OF ON-SITE AMENITIES.
- VARIETY OF SPACE OPTIONS WITH NAMING AND BRANDING OPPORTUNITIES.
- DRAMATIC PRICING DISCREPANCY TO LAS COLINAS AND UPTOWN HAS CREATED DEMAND
- DYNAMIC LOCATION IN PROXIMITY TO DALLAS LOVE FIELD, THE DALLAS CBD, THE DALLAS MEDICAL DISTRICT, THE PARK CITIES AND MORE.
Executive Summary
Potential Conversion Opportunity!
Younger Partners, as exclusive advisor, is pleased to present to qualified investors the opportunity to acquire the 100% fee-simple interest in 8585 Stemmons (“Property”). Built when developers had egos, the twin towers of Stemmons Freeway offer investors a commanding presence in the revitalized West Love Field area. A significant presence on IH-35 (Stemmons Freeway), the Property affords potential investors an unmatched long term land site (13.5 acres) to compliment the immediate upside in a basis office purchase. West Love is home to name-brand, credit tenancy including Amazon, UT Southwestern, Parkland Hospital and Children’s Health. Just to the east of the building, the West Love master-planned development has added over 835 luxury multifamily units since 2018 with another 460+ units planned. Since 2009, the three adjacent hospital systems have leased over one million square feet of off-campus space in the area.
Major life science developments such as Pegasus Park have created significant national attention from tenants and capital alike. Alexandria has acquired and is planning a purpose-built life science project at Harry Hines and Mockingbird while tenants including Health Wildcatters, MassChallenge, BioLabs and Taysha Gene Therapies have moved to the district.
8585 Stemmons is 50% leased to a diversified mix of office uses. This offering presents a truly unique opportunity to acquire an outstanding value-add office asset with tremendous upside while establishing a presence in the dynamic West Love submarket, where investment opportunities are becoming scarce!
Younger Partners, as exclusive advisor, is pleased to present to qualified investors the opportunity to acquire the 100% fee-simple interest in 8585 Stemmons (“Property”). Built when developers had egos, the twin towers of Stemmons Freeway offer investors a commanding presence in the revitalized West Love Field area. A significant presence on IH-35 (Stemmons Freeway), the Property affords potential investors an unmatched long term land site (13.5 acres) to compliment the immediate upside in a basis office purchase. West Love is home to name-brand, credit tenancy including Amazon, UT Southwestern, Parkland Hospital and Children’s Health. Just to the east of the building, the West Love master-planned development has added over 835 luxury multifamily units since 2018 with another 460+ units planned. Since 2009, the three adjacent hospital systems have leased over one million square feet of off-campus space in the area.
Major life science developments such as Pegasus Park have created significant national attention from tenants and capital alike. Alexandria has acquired and is planning a purpose-built life science project at Harry Hines and Mockingbird while tenants including Health Wildcatters, MassChallenge, BioLabs and Taysha Gene Therapies have moved to the district.
8585 Stemmons is 50% leased to a diversified mix of office uses. This offering presents a truly unique opportunity to acquire an outstanding value-add office asset with tremendous upside while establishing a presence in the dynamic West Love submarket, where investment opportunities are becoming scarce!
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 487,824 SF |
| Number of Properties | 2 | Total Land Area | 20.17 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 487,824 SF |
| Total Land Area | 20.17 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Ricchi Towers-North
8585 N Stemmons Fwy, Dallas, TX 75247 |
Office | 263,264 SF | 1973 | - |
|
Ricchi Towers-South
8585 N Stemmons Fwy, Dallas, TX 75247 |
Office | 224,560 SF | 1973 | - |
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