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Situated in one of the most desirable trade areas in Dallas, Texas, Prestonwood Court is a 50,925 SF Class A two (2) building multi-tenant retail portfolio. Located in the highly sought-after Addison submarket, Prestonwood Court tenants benefit from the site’s suburban infill location with visibility and immediate access to Dallas North Tollway.

Acquired at a substantial discount to replacement cost, the value-add business plan for Prestonwood Court had called for leasing vacancy as well as interior and exterior improvements. Prestonwood I was sold Q4 2021 and Prestonwood II was sold Q1 2022.

Location

Prestonwood Court

Dallas, TX

Retail | Realized

Asset Summary

Acquisition Date:
Q1 2017
Size:
50,925 SQ FT
Property Type:
Retail
Deal Profile:
Fund II, Acquisition
Investment Profile:
Value-Add
Deal Source:
Off Market