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Mindlin Plans Makeover for 195,587-SF New Buy

DALLAS-The buyer will put at least $1.5 million into upgrading Woodview Tower, building in broker perks for showings to boost the 48% occupancy and an airport shuttle for tenants.

By Connie Gore | Updated on December 18, 2007

[IMGCAP(1)]DALLAS-The Mindlin Cos. LLC will invest at least $1.5 million to upgrade its newest acquisition, the 195,587-sf Woodview Tower, which was bought last month. The make-ready plan to lure tenants to the 48%-leased office building near Love Field includes bait like a chance to win a cruise for six on a 54-foot private boat, with crew, in the British Virgin Islands.

Bradley Mindlin, principal of the Los Angeles-based company, says upgrades to Woodview Tower at 1349 Empire Central will swing into full force shortly after 2008 begins. “This building should look like a brand-new building by March or April,” he says. Built in 1982 and renovated in 1997, the building’s upgrades will include a new chiller, roof and several floors of spec suites. The team is targeting tenants in 2,000-sf to 5,000-sf range, with the class A’s spec floors being built out with a full-service common break room.

“The view is this market is still a big-tenant market, but there are more small-tenant deals there,” Mindlin tells GlobeSt.com. There are 17 tenants now in place, with the largest being the US Postal Services’ legal division.

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