Monday, February 22, 2016

Quadrant Investment Properties, LLC purchases Saint Paul Place in Dallas, TX


Saint Paul Place Office Building, Ross Avenue and Saint Paul Street,
 Arts District, Dallas, TX


Celeste Fowden
DALLAS, TX, Feb. 22, 2016 -- Quadrant Investment Properties, LLC (“QIP”) is pleased to announce it has acquired Saint Paul Place, a 22-story, 273,217 squarefoot office building located on the corner of Ross Avenue and Saint Paul Street in the Dallas Arts District.

The building is currently 78% leased to a diverse roster of small to midsized tenants including DMagazine, Crowe Horwath and Sendero Business Systems. This is the seventh acquisition for QIP.


“Saint Paul Place has always been one of our favorite buildings. We could not be more excited to have the opportunity to own it, especially at a time when the Arts District is experiencing so much momentum,” stated Chad Cook, Quadrant Investment Properties.

“The smaller floor plates and location one block from Klyde Warren Park differentiate the building from most of its competition and offers an experience unique for smaller tenants. It is hard to find buildings with this much character and such a strong, diverse
tenant base.

”QIP plans to implement several improvements including lobby amenity upgrades and a tenant conference center and lounge that will include a balcony overlooking the
Dallas Museum of Arts sculpture garden.

The new ownership will also upgrade numerous corridors and implement a buildingwide spec suite program.

“Saint Paul Place is a trophy office asset located in the middle of Dallas’ urban markets, the CBD and Uptown”, said Nick Cassavechia, Vice President of QIP.

 “The young talent moving to and living in this area is an important factor in current and prospective tenant’s site selection, and we feel Saint Paul Place is
positioned well for this demand.”

Cassavechia joined QIP in 2014 from HFF.

Nick Cassavecchia
Headquartered in Dallas, QIP is a commercial real estate investment company which targets valueadd office and industrial opportunities in Texas and the southwest United States. Before founding QIP, Chad Cook was vice president, Acquisitions for Hillwood.

Celeste Fowden, Seth Thatcher, and Ben Davis with CBRE will lease the project.
HFF represented the seller in the transaction. JLL procured the financing for the asset.
CONTACT INFO:

For a complete copy of the company’s news release, please contact:

Chad Cook, Founder and Managing Member, ccook@quadrantcapital.com;
 214.855.2948
Nick Cassavechia, Vice President, Acquisitions, ncassavechia@quadrantcapital.com;
 214.855.2952
Quadrant Investment Properties, LLC.
8333 Douglas Avenue, Suite 1350
Dallas, Texas 75225

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