Rubenstein Partners closes first acquisition in Dallas market
Rubenstein Partners has purchased 5600 Headquarters Drive in the Legacy section of Plano, Texas, as its first foray into the growing Dallas MSA.
“Favorable market dynamics have created compelling opportunities in several of the Western and Southern MSAs, including Dallas. We believe that 5600 Headquarters Drive is an exciting step that will engage our vertically integrated platform while taking us beyond our traditional markets,” said David Rubenstein, founder and senior managing principal of Rubenstein.
5600 Headquarters Drive is a 250,000-square-foot office building, consisting of three pods connected by multi-level corridors, situated on a 27-acre site with an ample 5/1,000 square-foot parking ratio. Rubenstein plans to transform and reposition the property into a modern headquarters-quality destination with improvements including renovation of the main lobby, new wing lobbies, and an upgraded amenities package consisting of new fitness, tenant lounge, conferenc