4851 LBJ Freeway

4851 LBJ Freeway

4851 LBJ Freeway is a 191,000 square foot, 12-story office building located in the historically strong LBJ/Galleria submarket of Dallas. Upon acquisition, Champion implemented a re-positioning and re-leasing program that included several million dollars in common area and systems upgrades, along with adding make-ready office suites. Thanks to these improvements and its extensive visibility from two major freeways (Interstate 635 and Dallas North Tollway), 4851 LBJ experienced strong leasing demand and significant rental rate increases, which allowed Champion to increase the occupancy level to 90% after nearly 5 years of ownership.  Champion successfully sold 4851 LBJ Freeway to a private investor in early 2020 just as the Covid-19 pandemic was starting to spread globally.