DALLAS--Quadrant Investment Properties (QIP) has announced that it has purchased The Centrum, located at 3102 Oak Lawn Ave.

Situated in the Uptown/Turtle Creek submarket, the class A, 392,473-square-foot office and retail project is currently 73 percent occupied, anchored by tenants such as Compass Health, Baron & Budd, First Service, Lackey Hershman, Steel and Mattito's Tex-Mex.

"We are extremely excited about the acquisition of The Centrum," says Chad Cook, QIP founder. "It is rare to find a project of this significance that offers a repositioning opportunity of this magnitude in such an incredible location. Once the renovations are complete, we hope to offer a workplace environment unlike any in the market, specifically targeting tenants seeking a more collaborative office experience. The building was designed with deep floor plates and high ceilings as well as multiple on-site amenities, all of which are ideal for creative office space users."