Sherry Lane Place to Undergo Building Modernization

A fund sponsored by CBRE Global Investors recently acquired the 301,891-square-foot Sherry Lane Place office tower in Dallas’ Preston Center submarket. The 20-story property, located at 5956 Sherry Lane, was built in 1984 and fully renovated in 2020.

Sherry Lane Place is 80 percent leased and features open 19,350-square-foot floorplates, ample parking in the four-level parking garage, and a new amenity package that offers a fitness facility and a large conference center.

“The high-quality features of the building and its centralized location are two factors that we think tenants will continue to demand of their office space moving forward,” said Robert Perry, president of CBRE Global Investors’ Americas real estate division and head of U.S. strategic partners. “CBRE Global Investors plans to execute a building modernization plan that appeals to new-economy tenants with the flexibility to address COVID-19 concerns, including the installment of a spec-suite program, the implementation of our proprietary Above & Beyond package and the activation of the recently upgraded building amenities.”

For comments, questions or concerns, please contact Lisa Brown