Details
- Size: 975,000 sq. ft.
- Location: North Central Expressway | Dallas
Energy Square Complex
A joint venture of Champion and Lincoln Property Company acquired the Energy Square Office Complex, which included several office buildings comprising 975,000 square feet along N. Central Expressway in Dallas, proximate to SMU, the Bush Presidential Library, and nearby affluent residential neighborhoods. The prior owner of Energy Square had encountered liquidity, capital funding, and loan maturity issues, which allowed Champion and Lincoln to quickly underwrite and acquire Energy Square at an extremely attractive cost basis and existing return level for a 70% leased, well-located, high-quality office complex in Dallas. Champion and Lincoln re-positioned and renovated the complex back to Class “A” market status, which led to significant leasing momentum and ultimately a successful sale of the project to a private real estate investment company.
