May 3, 2017
Firm has “Doug” into office tower market
DALLAS – Granite Properties snapped up a 13-story office building in the Preston Center neighborhood.The 163,861-sf Class A office building at 8235 Douglas Ave. in Dallas will be rebranded, The...
DALLAS – Granite Properties snapped up a 13-story office building in the Preston Center neighborhood.
The 163,861-sf Class A office building at 8235 Douglas Ave. in Dallas will be rebranded, The Douglas, as part of the recently closed acquisition.
The 37-year-old office tower underwent $3 million worth of interior renovations in 2015, which included cosmetic upgrades to the restrooms, lobbies, elevator and common area windows.
The building also received an additional $1.5 million in system upgrades that included elevators, cooling tower and roof.
With the acquisition, Granite Properties plans to continue the evolution of the upgrades to bring in a customer lounge and conference center, which has been dubbed, ‘The Vault.’
The Vault will have a grab-and-go food service, coffee bar, and a putting green and golf simulator. The planned upgrades also include the addition of an outdoor seating area.
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