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JLL awarded over 78,500 square feet of medical office space in Dallas
DALLAS, October 27, 2016 – On behalf of Derm Development Group, LLC, JLL announced today that the firm has been awarded the exclusive leasing assignment for One Cockerell Plaza, a six-story, Class B medical office property located in Dallas at 2110 Research Row in the heart of the Love Field & Southwestern Medical Districts.
This multi-tenant medical office building contains 78,791 square feet of rentable area positioned on a 3.5 acre site. Currently, the building offers 32,136 square feet of available office space, including approximately 10,635 square feet of contiguous space on one floor, and 21,270 square feet of space available combining space on the fourth and fifth floors.
JLL Vice Presidents Ryan H. Dale, Melissa Holland, and Michael Haggar will lead the leasing and marketing efforts.
"We are excited to partner with Derm Development on this asset," said Dale. "The building is situated amongst some of the largest and most active economic drivers in the City of Dallas, as well as Dallas County. It's in a prime and very accessible location, with immediate access to major highways, Dallas Love Field Airport, and several top tier healthcare institutions in Parkland Memorial Hospital, UT Southwestern Medical Center, and Children's Health. There's tremendous upside for tenants. The capital investments they are continuing to make to the property will make it one of the most prominent medical office facilities within the market."
The building was originally constructed in 1958, substantially renovated in 2013 under current ownership with over $5.5M in capital improvements. Additional improvements to the building's common areas, exterior grounds, and facades are currently underway.
About JLLJLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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