Property Overview: Spectrum Center consists of two 12-story Class-A office towers totaling 614,000 square feet and is located directly on the Dallas North Tollway. The building is 73% leased to national and regional credit tenants representing a diverse mix of industries including technology, financial services, and healthcare.
Investment Overview: The Property presents an investment opportunity with an attractive cost basis, highly visible location, and great physical attributes that provide the ability to truly transform the Property into one of the Lower Tollway's most desirable office properties. Acram group is executing a $30MM capital project to reimagine all aspects of the Property to cater to the changing needs of today's office tenants.
Address:
5080 Spectrum Drive
Addison, TX
Property:
614,000 sf Office Building
Acquisition Date:
March 2022
Strategy:
Value-add
Status:
Unrealized