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| One Glen Lakes is a 168,953-square-foot, multi-tenant, Class A office building in Dallas, TX |
DALLAS, TX – JLL Capital Markets announced it has closed the sale and financing of One Glen Lakes, a 168,953-square-foot, multi-tenant, Class A office building in Dallas, Texas.
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| Jack Crews |
JLL represented the seller, a joint venture between Stockbridge and Cawley Partners, and procured the five-year, floating-rate structured loan with future funding for Capex and TI/LC on behalf of the buyer, ICM Asset Management.
One Glen Lakes is located at 8140 Walnut Hill Lane just west of the Texas Health Presbyterian Hospital campus in North Dallas.
The property is situated just one block from the North Central Expressway and close to the LBJ Freeway providing superior access to the entire Dallas Fort Worth Metroplex.
Additionally, One Glen Lakes is within walking distance of the Walnut Hill DART Station and the Dart Rail Bus Station and is surrounded by affluent neighborhoods and plentiful retail amenities. The 10-story building offers tenants an on-site deli, convenience store, on-site banking and covered parking.
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| Jason Piering |
The JLL Capital Markets Investment Advisory team representing the seller was led by Senior Managing Director Jack Crews.
JLL’s Capital Markets Debt Placement team representing the borrower was led by Managing Director Jason Piering.
About Stockbridge
About Stockbridge
Stockbridge (stockbridge.com) is a real estate investment management firm headquartered in San Francisco, California, with offices in Atlanta and Chicago.
The firm’s portfolio is comprised of assets across the risk spectrum, spanning all major property types throughout the United States. As of December 31, 2019, the firm’s total assets under management totaled approximately $16.3 billion.
Contact:
Kristen Murphy, JLL Senior Manager, Public Relations
Kristen Murphy, JLL Senior Manager, Public Relations
Phone: +1 617 848 1572
Email: Kristen.Murphy@am.jll.com
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