Brookwood Financial Partners, LLC (“Brookwood”), a leading real estate investment and asset management company, announced today that it has acquired 125 East John Carpenter Freeway and 5100 North O’Connor Boulevard, a two building, multi-tenant office property located in the Urban Center of the Las Colinas submarket of Dallas, Texas. The 61.1% occupied property contains 451,195 square feet and is conveniently located adjacent to State Highway 114, providing easy access to other areas of Dallas/Fort Worth, including the Dallas/Fort Worth Airport and downtown Dallas.
Brookwood plans to enhance the property’s position in the Las Colinas submarket by investing $3.7 million in targeted capital improvements in the property. This is in addition to the considerable recent improvements made by the seller, which include a major lobby renovation, a new conference room, fitness center and café. “With sufficient capital at our disposal, we will continue to build upon the improvement projects completed by the previous owner. Our plans include upgrading common areas and restrooms, completing elevator modernizations at both buildings and renovating the parking garage, entryways, landscaping and signage,” Mr. Brown added. “In addition, given our strong capitalization, we will be able to offer attractive tenant improvement packages and competitive lease rates.”
About Brookwood Financial Partners, LLC – Brookwood is a Massachusetts-based private investment firm founded in 1993 that specializes in acquiring and managing commercial real estate and corporate securities on behalf of a select group of institutional and high net worth investors, family offices and trusts. Since its inception, Brookwood has invested over $640 million of equity to acquire a portfolio of 142 assets with a realized and unrealized value in excess of $1.7 billion that has spanned multiple asset classes, geographical markets and industries across the United States.