One and Two Oak Lawn

Dallas, TX
One and Two Oak Lawn

Key Facts

Asset TypeOffice
Debt or EquityEquity
Realized IRR1%
Realized Net Multiple1.05x
Total Capitalization$8,267,938
Closing DateAugust 2023

Property Details

The Property is located within the Uptown/Turtle Creek submarket, one of Dallas’ premier urban district featuring best-in class office, retail and multifamily projects with high-end dining, hotels and nightlife. Dallas Love Field is less than ten minutes away and the Dallas North Tollway and IH-35/Stemmons Freeway are both less than a mile to the west providing connectivity throughout the Metroplex.Uptown submarket is a true 24/7 environment with over 10.5 million square feet of Class A and B office space at citywide high average full-service rental rates of $35.83 per square foot and an occupancy rate of 89.5%.There are currently 26 apartment projects featuring over 7,000 units under construction or in lease up. The office market caters towards service oriented tenants and high net worth family offices. The Perot Family is under construction with their campus less than two blocks from the subject, which will be the headquarters for Hillwood International. Harlan Crow also recently completed the Old Parkland Development in the immediate neighborhood. Old Parkland is arguably Dallas’ most significant office development and as such demands the highest rents in the city.