2601 & 2609 Welborn Dallas, Texas

Property Overview

The Uptown/Turtle Creek submarket is one of the most sought-after areas in the metroplex. The area is a true live/work/play environment, home to over 200 restaurants and 160 shops, making it one of the most pedestrian friendly areas in Texas.

Over three quarters of the office space consists of Class A or AA office buildings and boast the highest office rents in DFW. The tenants are a mix of financial firms, law firms, and professional service companies.

There are approximately 27,000 multifamily units in the submarket. Similar to office, the vast majority of the multifamily is made up of Class A and AA units which command the highest rents in the metroplex.

All of these factors coupled with a very high barrier to entry for new development due to land constraints have pushed land values to the highest in DFW.

The Property is positioned in a dense retail and residential corridor along Oak Lawn Ave within the ever-evolving urban landscape of uptown Dallas. This micro market has seen meteoric infill growth over the preceding decade and continues to push forward with $2 billion dollars in residential and hospitality projects currently underway within less than half a mile of the property. This infill growth has pushed the 1-mile radius population to over 41,175 residents with household incomes exceeding $93,255. Residents tend to be young professionals with 65% holding bachelor’s degrees or higher. This is reflected in consumer spending trends where the share of discretionary consumer spending on food and alcohol within 3-miles of the property exceeded $780,265,667 in 2023.

Investment Highlights