Admiral Capital Acquires 250K-SF Fourteen555

Admiral Capital Group’s A2R core-plus investment platform bought Fourteen555, a 249,564-square-foot, Class A office building in Dallas’ Lower Tollway submarket. Seller/developer Cawley Partners delivered the property at 14555 Dallas Pkwy. in 2018, and will continue to serve as the leasing and property manager.

Fourteen555 is comprised of a six-story office building and three-story amenity building, which offers a full-service restaurant, fitness center with locker rooms, and open-air, covered terrace with lounge seating. The office side was 95% occupied at the time of sale.

“We are excited to expand our core-plus platform and presence in Dallas with the addition of Fourteen555,” said Admiral’s Dan Bassichis. “This property has a strong tenant profile and long-term, in-place leases that provide stable cashflow and complement our defensive investment approach at this point in the cycle.” A2R launched in early 2018 to acquire and manage core-plus assets in growth markets across the United States.

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