Uptown Dallas’ first mixed-use real estate project is up for grabs.
The 50-year-old Quadrangle shopping and office center near McKinney Avenue was there before there even was an Uptown.
Now the 4-acre project near Turtle Creek has hit the market and is likely to attract investor attention. The almost 200,000-square-foot development includes an 8-story office building and six retail and commercial buildings.
The Quadrangle is almost fully leased to a variety of tenants.
Holliday Fenoglio Fowler has been hired to find a buyer for the project, which is zoned for up to 750,000 square feet of construction.
The Quadrangle started out in 1966 with about 40 shops, including gift stores, art galleries, antiques and cafes. In the 1980s the project was substantially redeveloped with the addition of the office tower.
The property has been owned by a California-based real estate investor since 2006.
HFF just sold another legacy mixed-use project near Uptown.
The 9-acre Turtle Creek Village on Oak Lawn Avenue dates to the early 1970s and was acquired for more than $100 million by a California investor.