JLL Selected to Lease Two Uptown Buildings
- Apr 17, 2012
Jones Lang LaSalle Inc. has been selected by Caddo Holdings L.L.C. to lease a 171,956-square-foot office-and-retail portfolio in Uptown Dallas.
The portfolio includes 75,956 square feet at 3400 Carlisle St. and 96,000 square feet at 2811 McKinney Ave., according to Citybizlist.com. The two properties, along with 2501 Cedar Springs Ave. in Uptown, were acquired by Caddo Holdings in October 2011. The latter is leased by CBRE Group Inc.
JLL’s Jeff Eckert and Blake Shipley will oversee marketing of the properties, reports the D Magazine. The Uptown submarket has become one of the city’s most sought-after locations to live, work and play, and the two buildings themselves offer some attractive amenities for potential tenants. Among them: retail space on the ground floor and on-site amenities, plus fitness, restaurants and retail shops within walking distance, according to Citybizlist.com.
3400 Carlisle St. is a five-story property that is currently 90 percent leased, according to the Dallas Business Journal. The building includes a full retail branch of the Bank of America and has direct access to the popular Katy Trail.
The other building JLL will lease totals three stories and is currently 86 percent leased.
Also making recent headlines in Dallas is a donation that the University of Texas received to establish a new center, worth $13 million. The Dallas Business Journal reported that the center will develop medical devices and therapies to help people suffering from chronic neurological diseases. Part of the donation, $3 million, came from Texas Instruments, which is said to have triggered another $5 million from an anonymous donor. Both donations generated another $5 million from the University of Texas System Board of Regents.
When complete, the center will oversee clinical trial testing and commercialization.
Photo credits: www.caddoholdings.com