Lone Star Funds announced that an affiliate of Lone Star Real Estate Fund VII successfully completed the acquisition of Premier Place, a 20-story class A office tower in Dallas.
The 457,901-square-foot property was recently renovated and is located minutes from some of the city’s most densely populated, affluent and distinguished neighborhoods, including Highland Park, University Park and Uptown. The building boasts modern amenities, including a renovated lobby, lounge and bar, and courtyard, as well as a 62,000-square-foot Life Time Fitness. The property is also located adjacent to Mockingbird Station, which includes premier shopping, dining and entertainment destinations, alongside access to the Dallas Area Rapid Transit (DART) system.
Premier Place features flexible floor plans ranging from 800 square feet to 21,000 square feet and has a strong tenant base in a Dallas market that has demonstrated attractive growth trends and momentum in demand. Lone Star plans to
