Office Center West LBJ Commercial Real Estate Market
The Office Center/West LBJ Submarket constitutes the northern portion of Las Colinas and is a few minutes east of the D/FW International Airport. Because of its proximity to the airport and its highway access, this submarket has remained a popular destination for major corporations.
The submarket is home to regional hubs or headquarters for companies like ExxonMobil, Verizon, McKesson, and Fluor. However, major tenants such as Signet Jewelers and Nokia moved to new facilities in other submarkets, particularly DFW Freeport/Coppell, which is home to the Cypress Waters mixed-use development.
The Hidden Ridge development could help turn the tide and allow Office Center/West LBJ to retain existing tenants like Verizon and attract new firms like Pioneer Natural Resources. The office product here caters to larger tenants, and the average building is bigger than 100,000 SF. The tenant mix primarily includes retailers, telecommunications companies, and financial services firms.
Property types are as follows:
Office 165 Buildings/17 MSF
Warehouse 951 Buildings/13.6 MSF
Medical 19 Buildings/750 KSF
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