Sabre headquarters. Picture courtesy of JLL
BDP Holdings has acquired a five-story workplace constructing in Southlake, Texas. The 265,942-square-foot campus has been serving because the headquarters of journey software program and know-how agency Sabre Corp. since 2002.
JLL Capital Markets represented the vendor and organized financing for the customer. A three way partnership between Cawley Companions, Staubach Capital and PCCP bought the asset. BDP Holdings closed the acquisition utilizing a 10-year Wells Fargo & Co. mortgage organized by JLL.
Accomplished in 2000 on a 20-acre website and absolutely renovated final yr, the LEED-certified constructing is situated at 3150 Sabre Drive, some 11 miles from the Dallas Fort Price Worldwide Airport, adjoining to Northwest Parkway.
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A full-service cafeteria, out of doors courtyard, health heart, in addition to floor parking for greater than 1,100 autos are among the many property’s facilities.
Positioned in Dallas’ Westlake/Grapevine workplace submarket, the place rents have seen a rise of greater than 14 p.c over the past 5 years, the property is uncovered to prosperous demographics, with a mean family earnings of $270,000. Furthermore, almost 70 p.c of the world’s residents maintain a bachelor’s diploma or larger.
The Dallas-Fort Price workplace sector continues to attract the eye of buyers, outpacing the nationwide common for its return-to-office pattern within the first half of 2022.
In accordance with a current CommercialEdge nationwide workplace report, the Dallas market claimed the fifth-largest workplace gross sales quantity within the U.S., at greater than $3.7 billion as of September.
