Dallas Medical District Towers Up For Grabs
One of the largest office tower complexes in Dallas’ medical district near Love Field have just been put up for sale.
The 12-story Mockingbird Towers are at 1341 W. Mockingbird Lane.
Built in the 1970s, the almost 450,000-square-foot high-rise project has been substantially renovated with almost $11 million in upgrades since 2015.
The mirrored glass-clad towers are 91% leased to tenants including Labcorp, Children’s Medical, Parkland Community Health Plan, JetSuite and Surveying and Mapping LLC.
Since 2020 the buildings have been owned by Boston-based Albany Road Real Estate Partners.
Commercial property firm Newmark Group is now marketing Mockingbird Towers for sale.
The real estate broker describes the buildings as: “The finest office asset within the booming West Love/Medical District submarket of Dallas.”
Mockingbird Towers are coming to the market at a time when multiple nearby office buildings have recently changed hands.
Seller Albany Road Real Estate recently acquired two additional nearby office towers, And other buildings in the Stemmons Freeway corridor have sold to firms that are repositioning the properties for medical use.
Newmark Group’s Chris Murphy, Robert Hill, Gary Carr and Chase Tagen are marketing Mockingbird Towers to buyers.
Source: Dallas Morning News
