On April 1st, premier vertically integrated real estate advisor announced the acquisition of its first property in the Dallas market. Rubenstein acquired 5600 Headquarters Drive in Plano’s legacy section. The announcement was made by Founder and Senior Managing Principal, David Rubenstein. Rubenstein Partners specializes in value-added property equity and debt opportunities.
David Rubenstein stated, "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."
The property is an office building spanning 250,000 square feet with multi-level corridors connecting three pods. Cresa, a leading tenant advisory firm, facilitated the sale.
The Legacy micro market location is a magnet for corporate relocations, offering excellent access to a highly educated employee base. We look forward to executing our business plan to modernize this property into a high end, experiential office property to best capitalize on local office demand."
Read Mortimer, Senior Vice President and Regional Director, Sun Belt at Rubenstein Partners
5600 Headquarters Drive offers unmatched access to coveted residential neighborhoods as well as schools and primary transportation arteries in Dallas. It is located at the intersection of the Sam Rayburn Tollway and the Dallas North Tollway. It also offers convenient access to the DFW Airport, residential areas in the North and South, and Uptown Dallas.