DALLAS—Champion Partners has pumped more than $2 million into 4851 LBJ, a class-A office building on the northwest corner of the Dallas North Tollway and Interstate 635/LBJ freeway. As a result, the building is attracting new tenants, specifically to the building's redesigned top two floors (11 and 12) dubbed “The Top Block.” Leasing efforts are led by NAI Robert Lynn's James Davis and Tom Lynn.
“The Top Block space at 4851 LBJ offers a unique opportunity for creating a high-profile, high-energy corporate workplace and identity,” said Steve Modory, co-managing partner, Champion Partners.
These two floors offer 32,000 continuous square feet of office space. A staircase connects the two floors for better office connectivity and collaboration, and a board room with vaulted ceilings offers a skyline view of Dallas. In addition, the building's amenities include a new fitness center, full-service cafe, tenant lounge with Wi-Fi, outdoor patio, fully equipped conference center, free underground parking, four newly renovated elevators and a modernized main building lobby.
“The North Dallas intersection of LBJ and the Tollway will always be a major hub for the business community because of its convenient access to all parts of the city,” said Davis. “We have been tenants in the building for more than 10 years and have a great understanding of this building's numerous strengths, including being one of the most centrally located and accessible properties in the Metroplex. Occupancy rates in the area have increased steadily over the past five years, thanks to the completion of the LBJ Freeway expansion project. As Midtown continues to grow and develop, this sought-after area will only continue to boom.”
The property is noteworthy because it is one block west of the Galleria Mall, which is in the same vicinity as the proposed Midtown project that is creating buzz in North Dallas. And it bucks the growing trend of companies moving and relocating further north.
4851 LBJ is located in close proximity to restaurants, shopping centers and hotels. The property is visible from both the Dallas North Tollway and Interstate 635/LBJ freeway. Both Dallas Love Field and DFW International Airport are within a 20-minute drive.
“A key factor in any growing real estate market is the ability to attract new tenants and increase demand,” Davis tells GlobeSt.com. “Due to the fact that North Dallas has seen an overall decrease in vacancy over the last five years, we strongly believe corporations will continue to look for office space in this thriving hub to remain close to airports and home, while avoiding traffic. Plus, LBJ Freeway and the Dallas North Tollway is like Main & Main in Dallas.”
Based in Dallas, Champion Partners is a privately owned entrepreneurial commercial real estate investment and development firm with an asset base totaling an aggregate value in excess of $2.5 billion.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
