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Dallas Infomart is a Class A, steel-framed office building which the Fund acquired in October 2005. The building was constructed in 1984 on 25.4 acres, and it is the leading corporate address for technology firms and prominent national office tenants attracted to its generous office suites including Bank of America. The Fund’s purchase price was well below replacement cost in excess of $450 psf, providing substantial upside to rents and asset value. The property offers an extensive array of amenities, while also providing unparalleled technological and physical infrastructure. The Infomart is connected to fifteen unique fiber optic providers and three independent Texas Utilities electrical substations provide redundant electrical power with feeders taking different paths to the property. The Infomart is located on the existing DART bus and light rail lines. |
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