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Situated in one of the most desirable trade areas in Dallas, Texas, Prestonwood Court is a 52,925 SF Class A two (2) building multi-tenant retail portfolio. It is located in the highly sought-after infill Addison submarket. The value-add business plan included fixing title irregularities prior to closing and then subsequent interior and exterior improvements. The asset was acquired at a substantial discount to replacement cost. Prestonwood Court is targeted for disposition in 2022.

Location

Prestonwood Court

Dallas, TX

Retail | Unrealized

Asset Summary

Acquisition Date:
Q1 2017
Size:
50,925 SQ FT
Property Type:
Retail
Deal Profile:
Fund II, Acquisition
Investment Profile:
Value-Add
Deal Source:
Off Market