Wolfpack Brochure - 2711 LBJ - The Meridian Brochure

OFFERING MEMORANDUM THE MERIDIAN

2711 LBJ | Dallas, Texas 75234

PROPERTY PHOTOS

EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

Convenience and Location are everything at this property. Located on north-east corner of LBJ Fwy & I-35E, The Meridian, is accessible from all corners of the metroplex. Located within 15 minutes of both DFW Airport and Love Field Airport and situated near rapid transit connection, the building is well positioned for office headquarters with large floor plates of 22,000+ contiguous square feet and can accommodate as small as 1,000 SF in this 225,559 SF building. The Landlord is offering generous TI as well as Tenant incentive to spruce up the office space to fit the spec.

Quality of life is easy here. Parking ratios are 5:1,000 with covered garage parking and surface parking available. Step in to a well-maintained building with dedicated security and property management. Grab a bite to eat at the deli downstairs, sit outside in the gardens, or hit the gym at the sister building nearby on your lunch break.

Location 2711 LBJ FWY Dallas, Texas 75234

Pricing $18/SF + ELEC ($1.55/SF EST.)

Rentable 227,078 SF

Year Built 1985, Reno 2013

Zoning MU-2. Multiple Commercial-2 Office, retail & personal service, lodging, residential

Availability See Page 14

Parking 5:1,000

HIGHLIGHTS

Excellent Accessibility to Highways from LBJ and I-35E - only 35 minutes to Fort Worth

15 Minute Drive from DFW and Love Field Airports

Generous TI at +$20/SF, Negotiable

Full Service Deli On Site

Mail Service On Site

24/7 Security

On Site Management & Facilities Engineer

ON SITE AMENITIES

Full Service Deli On Site

Small Board Room & 75 Seat

Large Training Room with Breakroom

Mail Service On Site

Outdoor Gardens

Enclosed Walkway from Garage to Elevators

Free Access to Gym at 12005 Ford Rd. (<.5 Miles)

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BUILDING FACTS

12’ ceiling height to finished ceiling grid on floor 1 & 9’ ceiling height to finished ceiling grid on floors 2-8

Built in 1985 / renovated in 2013-2022

Above standard parking ratio of 5:1,000

575 Covered, 553 Surface

AT&T Telcom/Fiber provider

PROPERTY DETAILS

PROPERTY PHOTOS

PROPERTY PHOTOS

SITE PLAN

Located on the LBJ access road near the I-35E intersection, The Meridian, is accessible from all corners of the metroplex and offers abundant surface parking upon entering the building. Within 15 driving minutes of both DFW Airport and Love Field Airport and quick access to rapid transit, the building is well positioned for office headquarters with large floor plates of 22,000+ contiguous square feet and can accommodate as small as 1,000 SF. The garage parking lends .way to a covered entrance to the building lobby while overlooking the gardens.

SAMPLE FLOOR PLANS

1ST FLOOR

2ND FLOOR

1st floor Retail/Offices spaces on the frontage road are available and may incporporate a private entry.

The second floor suites have a shared kitchen with tons of natural light and an ADA compliant restroom.

Available Space(s)

2ND FLOOR

2ND FLOOR

The entire second floor is available to a single Tenant.

Available Space(s)

2ND FLOOR

3RD FLOOR

Available Space(s)

2ND FLOOR

5TH FLOOR

Available Space(s)

2ND FLOOR

Available Space(s)

2ND FLOOR

FLOOR

Available Space(s)

LOCATION

SUBJECT PROPERTY

VALLEY VIEW LN

JOSEY LN

WEBB CHAPEL RD

INDUSTRIES

Employment by Industries

From 2018 to 2019, employment in Dallas, TX grew at a rate of 0.0597%, from 682k employees to 682k employees. The most common employment sectors for those who live in Dallas, TX, are Construction (77,600 people), Health Care & Social Assistance (72,100 people), and Retail Trade (70,599 people). This chart shows the share breakdown of the primary industries for residents of Dallas, TX, though some of these residents may live in Dallas, TX and work somewhere else. Census data is tagged to a residential address, not a work address.

Most Common

Most Specialized

Highest Paying

ABOUT DALLAS

Dallas is a cosmopolitan city known for its high concentration of restaurants and shopping centres. Skyscrapers, such as Bank of America Plaza (1985) and Reunion Tower (1978), create a striking night skyline.

Dallas’s modern economy is well diversified. A top global wholesale market, the city is the home of the Dallas Market Center (1957), one of the world’s largest wholesale merchandise complexes. In addition, it is the world headquarters of the U.S. Army and Air Force Exchange Service, which provides goods and services to military personnel. Wholesale and retail trade combine with services (particularly business, financial, and health) to form the backbone of the economy. Dallas has one of the country’s largest concentrations of telecommunications and high-technology manufacturing and services companies.

MARKET OVERVIEW

MARKET OVERVIEW

NEARBY HOTELS

COURTYART BY MARRIOT - 1.0 MI

HOLIDAY INN EXPRESS & SUITES - 3.1 MI

HAMPTON INN & SUITES - 3.3 MI

MARRIOTT DALLAS LAS COLINAS - 7.5 MI

DOUBLE TREE BY HILTON - 3.1 MI

RENAISSANCE DALLAS NORTH - 3.0 MI

AMERICAN AIRLINES CENTER

The American Airlines Center is a multi-purpose arena located in the Victory Park neighborhood in downtown Dallas, Texas. The arena serves as the home of the Dallas Mavericks of the National Basketball Association and the Dallas Stars of the National Hockey League.

MARKET OVERVIEW

TRANSPORTATION

DALLAS AREA RAPID TRANSIT - SOCBS

Dallas Area Rapid Transit (DART) gets you around Dallas, Texas, and 12 surrounding cities with modern public transit services and customer facilities tailored to make your trip fast, comfortable and economical. Our extensive network of DART Light Rail, Trinity Railway Express commuter rail, bus routes and paratransit services moves more than 220,000 passengers per day across our 700-square-mile service area.

BISHOP ARTS DISTRICT

Located in the heart of North Oak Cliff, the Bishop Arts District is home to over 60 independent boutiques, restaurants, bars, coffee shops, and art galleries, making it one of Dallas’ most unique neighborhoods.

The hip Bishop Arts District is known for its diverse nightlife, chic independent fashion stores and colorful street art. Dining choices range from Texas-style BBQ to Vietnamese pho, while relaxed bars pour everything from cocktails to house-brewed cider. Cult movies are the draw at the Texas Theatre, while the art deco Kessler Theater presents live music by local and national bands.

SHOPPING GALLERIA DALLAS

The Galleria Dallas is a shopping mall and mixed-use development located at the intersection of Interstate 635 and the Dallas North Tollway in the North Dallas neighborhood of Dallas, Texas, United States. It was originally developed by Hines Interests Limited Partnership in 1982.

DALLAS MUSEUM OF ART

The Dallas Museum of Art is an art museum located in the Arts District of downtown Dallas, Texas, along Woodall Rodgers Freeway between St. Paul and Harwood. In the 1970s, the museum moved from its previous location in Fair Park to the Arts District.

The museum collection is made up of more than 24,000 objects, dating from the third millennium BC to the present day. It is known for its dynamic exhibition policy[3] and educational programs.

DALLAS ZOO

Dallas Zoo is a 106-acre zoo located 3 miles south of downtown Dallas, Texas, in Marsalis Park. Established in 1888, it is the oldest and largest zoological park in Texas and is managed by the nonprofit Dallas Zoological Society. It is home to over 2,000 animals representing 406 species. Since 2009, when the Dallas City Council voted unanimously to turn the zoo over to private management under the DZS, attendance and community support for the zoo has surged.

DISCLAIMERS

DISCLAIMERS

All material and information received or derived from Northern Crain Realty, its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warrant as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither Northern Crain Realty, its directors, officers, agents, advisors or affiliates make any representation or warranty, express or implied, as to accuracy or completeness of any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Northern Crain Realty will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Northern Crain Realty makes no warranties and/or representatives regarding the veracity, completeness or relevance of any financial data or assumptions. Northern Crain Realty does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, 16 vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Fort Worth in compliance with all applicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

DISCLAIMERS

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS:

• A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker

• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):

• Put the interests of the client above all others, including the broker’s own interests;

• Inform the client of any material information about the property or transaction received by the broker;

• Answer the client’s questions and present any offer to or counter-offer from the client; and

• Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:

• Must treat all parties to the transaction impartially and fairly;

• May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.

• Must not, unless specifically authorized in writing to do so by the party, disclose:

• that the owner will accept a price less than the written asking price;

• that the buyer/tenant will pay a price greater than the price submitted in a written offer; and

• any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:

• The broker’s duties and responsibilities to you, and your obligations under the representation agreement.

• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Northern Crain Realty’s mission is to serve individuals and businesses by facilitating their real estate transactions with competent professional service that exceeds expectations.

The Northern Crain Realty team consists of forward-thinking Realtors who utilize modern technology and strong sense of character to provide a superior experience to clients. With extensive knowledge of the real estate market, your REALTOR will serve as an advisor to share pertinent resources, provide an unbiased opinion and facilitate the buying, selling, leasing or management process with open lines of communication.