Dallas: Mockingbird Towers fly to sale, redevelopment

DALLAS – A two-tower office campus near Stemmons Fwy. has just sold — the second recent transaction in a business district that is seeing a rebound.

The Mockingbird Towers contain 450,000 sf of office space and are located west of Love Field and near the Medical District.

“Significant investment is occurring at Love Field and in the Medical District, and this investment has transformed the area over recent years,” said Tim Slaughter, president of Caddo Holdings, which bought the buildings through an affiliate.

The new owners plan to spend more than $7 million to upgrade the buildings, which were constructed in the 1970s. A new fitness center and tenant lounge are part of the planned improvements.

JP Realty partners just acquired the largest office building along the Fwy., the 20-story Trinity Towers at Stemmons and Inwood Rd. The office block contains more than 630,000 sf of space.

More background info? See Dallas: 630,000-SF Trinity Towers sold

Click Dallas-Fort Worth Market Research and Dallas-Fort Worth NewsTalk.