The Commons - For Sale

Younger Partners, as exclusive advisor, is pleased to present The Commons, a
6-story, 89,956 square-foot boutique office tower located at 15110 North Dallas
Parkway. The Property has a compliment of modern amenities with walkable
access to multifamily, shoping, restaurants and more. The Commons is currently
77% occupied to a curated group of national and regional credit tenants.

A “main and main” location, The Commons is a landmark at the intersect of
the Dallas North Tollway and Belt Line Road. Offering unparalleled access and
walkability, the building appeals to office tenants seeking efficient space and cost
savings in comparison to the area competitive set. The Commons vibrant, livework-
play location in the Lower Tollway Corridor offers investors access to an
infill, institutional micro-market centrally positioned between Uptown and Legacy.

The Commons is leased to a diverse base of tenants that secure a reliable revenue
stream. Further value can be realized through the continued lease-up of
the small vacancies that appeal to the broadest segment of the market’s tenancy.
Ranging in size from 900 to 4,500 square feet, the existing vacancy is ideally positioned
to attract small tenant demand that is well documented in the submarket.
Enjoying unmatched access to world class amenities, including an
on-site restaurant, existing and potential tenants are benefitted by a superior
workplace experience that helps attract and retain the market’s top talent.

A revitalization of the asset between 2019 and 2022 has produced higher occupancy
and rents. Average new and renewal lease rate have grown substantially
and create a dynamic opportunity for mark-to-market renewals in the competitive
Far North Dallas submarket. Recent leasing has proven the market at
more than $30/sf Plus Electric while average in-place rates sit at $27.88/sf and
overall submarket average is $33.13/sf.

In addition to strong leasing potential, the underlying 2.3 acre site presents a
rare long-term redevelopment opportunity in one of Dallas’ most desirable office
and residential corridors. This unique combination of current income, institutional
quality, and future optionality positions The Commons as a compelling
investment opportunity.