Centrum Tower Up for Sale Following $25M Renovation

In 2015, Quadrant Investment Properties LLC acquired the 392,000-square-foot, mixed-use Centrum Tower in Dallas’ Oak Lawn neighborhood. During its hold, the Dallas-headquartered Quadrant spent $25 million renovating the office building at 3102 Oak Lawn Ave. Now the owner is putting the office and retail building up for sale.

Also on the market is the adjacent Park Creek Place office building at 3625 N. Hall St., which Quadrant owns in partnership with Angelo, Gordon & Co. That 112,225-square-foot office tower is also on the market, with both assets expected to sell for as high as $170 million.

Eastdil Secured is marketing the buildings, though the residential units topping Centrum Tower aren’t part of the deal. Occupancy for both buildings is 80%.

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