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 square‐foot 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 mid‐sized tenants including D‐Magazine, 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 building‐wide 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 value‐add 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

www.quadrantinvestmentproperties.com