540,000 sf Class A office in Irving, TX. The property is approximately 10 miles northwest of the Dallas CBD, 7 miles from Dallas Love Field, and 6 miles from Dallas/Fort Worth International Airport. It is well located to upscale residential areas in Las Colinas, Flower Mound, Southlake, and Coppell near DFW Airport.
Wolverine purchased the building in 2012 at 19% occupancy. After significant improvements to the common areas and the addition of numerous amenities, Wolverine leased up the building to over 90% occupancy within 3 years of purchase and current occupancy today stands at 95%. Primary tenants include Vizient and Wells Fargo. Vizient worked with Wolverine property management to achieve Silver LEED Certification.
Amenities include a 3,485 sf Cafe, a 7,470 sf fitness center with instructor-led classes, and upgraded connectivity throughout. It also features an outdoor courtyard and atrium central to all three buildings with multile tables and chairs as well as converstaional seating for approximately 55. The atrium showcases an approximately 15,000 gallon pond and waterfall stocked with Koi fish. It is an inviting, additional work space with natural light and views of the outside landscaping. The courtyard is equipped with Wi-Fi.
Wolverine arranged debt financing and is the GP equity owner.