Dallas: 186,000-SF Hillcrest Oaks office sells

DALLAS – Quadrant Investment Properties has purchased the two-building Hillcrest Oaks office project in North Dallas.

The 186,457-sf project was built in the 1980s by Trammell Crow Co. on LBJ Fwy., near Hillcrest Rd.

“Hillcrest Oaks provides a great opportunity to redevelop a project with good bones in a transitioning submarket,” Chad Cook, founder of Quadrant, said.

“With the LBJ project almost complete, tenants are returning to this area to take advantage of the competitive rates and amenities our buildings offer.”

With LBJ Fwy. construction more than half completed, the area along the thoroughfare has been seeing increased business leasing and investment.

Quadrant Investment Properties, which was formed in 2012, just purchased the 19-story Centrum office and retail building in Oak Lawn. The company invests in office and industrial properties.