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Greater Dallas Portfolio Overview

Equastone recently acquired the Greater Dallas Portfolio, a collection of 13 Class A office buildings strategically located in one of the fastest recovering market in the country. Encompassing nearly 3 million square feet, the institutional quality properties are located in the five thriving office submarkets of Far North Dallas, Las Colinas, Uptown, Stemmons Freeway and Richardson/Plano.

The Aberdeen
Sub-Market: Far North Dallas
Address: 14841 North Dallas Parkway
Dallas, Texas 75254
Size: 319,760 sf
Year Built: 1986

ASSET OVERVIEW

The Aberdeen is a nine-story landmark property located in the fastest growing areas of the Dallas/Fort Worth Metroplex. Bordered by Quorum Drive with frontage on the Dallas North Tollway, the property is conveniently situated adjacent to freeways and within close proximity of a large inventory of executive and moderate-cost housing. Its distinctive articulated design features sixteen corner offices on each floor and is served by a five-level underground garage with 719 parking spaces. The Aberdeen houses the corporate headquarters of Yum! Brands (Pizza Hut/Taco Bell).

The Addison
Sub-Market: Far North Dallas
Address: 14951 North Dallas Parkway
Dallas, Texas 75254
Size: 215,016 sf
Year Built: 1981

ASSET OVERVIEW

Featuring southern views of downtown Dallas, The Addison is an 11-story Class A office tower distinguished by its sleek, reflective glass exterior. Its North Dallas Parkway location is home to an expanding array of business services, residential communities, and shopping, eating and entertainment establishments. In 2006, this submarket experienced the largest net absorption of any Dallas/Fort Worth submarket, accounting for over 20% of total absorption. Serving as its corporate headquarters, the property is fully leased to CompUSA, a nationally recognized tenant.

125 E. John Carpenter
Sub-Market: Las Colinas
Address: 125 E. John Carpenter Freeway
Irving, Texas 75062
Size: 398,461 sf
Year Built: 1982

ASSET OVERVIEW

125 E. John Carpenter is an 18-story Class A property with adjacent retail center and shares a seven-story parking structure with 5100 N. O’Connor. The site is located on the Canal at Las Colinas, a thriving 12,000-acre business and residential master-planned community with supporting retail, residential and freeway access. A recently announced expansion of the DART light-rail line will link Las Colinas to the Dallas/Fort Worth International Airport. Major tenants include VHA Inc., The U.S. Treasury - Secret Service and the Department of Homeland Security.

5100 N. O'Connor Blvd.
Sub-Market: Las Colinas
Address: 5100 N. O'Connor Blvd.
Irving, Texas 75062
Size: 43,579 sf
Year Built: 1982

ASSET OVERVIEW

Sharing a 1,391-space parking structure with 125 E. John Carpenter, 5100 N. O’Connor is a six-story Class A office building. The building offers state of the art technology and connectivity features. Its location in the heart of Las Colinas offers views of scenic Mandalay Canal and Lake Carolyn and 10-minute access to the Dallas/Forth Worth International Airport.

MacArthur Center I & II
Sub-Market: Las Colinas
Address: 5601 & 5605 N. MacArthur Blvd.
Irving, Texas 75038
Size: 298,161 sf
Year Built: 1983/1986

ASSET OVERVIEW

These 12- and 4-story Class A office buildings are identified by red brick and anodized glass exteriors and an impressive two-story atrium in the lobby. The plaza between the two buildings is extensively landscaped and features inviting patios and courtyards. Approximately 860 parking spaces serve the property. The site benefits from immediate access to President George Bush Turnpike and John Carpenter Freeway. Supporting the employment growth in the area, more than 1,000 upscale lofts and luxury apartments were recently completed, 800 units are currently under construction, and more homes are in the planning stages.

Palisades Central I & II
Sub-Market: Richardson/Plano
Address: 2425 & 2435 N.
Central Expressway
Richardson, Texas 75080
Size: 2425: 180,503 sf
2435: 240,935 sf
Year Built: 1980/1985

ASSET OVERVIEW

The Palisades features one 10-story building made of glass and concrete and a 16-story office tower with a glass and granite exterior. These Class A office buildings are enhanced with landscaped grounds, seating areas and bubbling fountains. The site is located in the Richardson/Plano submarket. Projected to add 43,000 new jobs from 2000 through the year 2020, Richardson/Plano is home to one of the densest high-tech areas in the U.S., a wide array of housing options, and numerous retail venues. Adjacent to the site is a 43-acre developable parcel.

Greenway I, I-A & II
Sub-Market: Richardson/Plano
Address: 2100, 2150&2400 Lakeside Blvd.
Richardson, Texas 75082
Size: 301,033 sf
Year Built: 1984/1998

ASSET OVERVIEW

The two-, five- and seven-story buildings of Greenway feature brick and glass exteriors and overlook Greenway Park. This trio of Class A office buildings is located within the Richardson/Plano submarket. In recent years the Richardson/Plano area has diversified its growth in the finance, insurance and real estate industries. The office rental market has subsequently experienced a growth of 8.3% from 2005 to 2006 and absorbed 530,000 square feet within the same time period. Currently, Greenway houses major tenants Blue Cross/Blue Shield, Nationwide Insurance and the Sherwin-Williams Company.

Stemmons Place
Sub-Market: Stemmons Freeway
Address: 2777 N. Stemmons Freeway
Dallas, Texas 75207
Size: 634,381 sf
Year Built: 1983

ASSET OVERVIEW

Iconic Stemmons Place is a 20-story Class A building characterized by three curved bronze glass tiers. Boasting spectacular views of downtown, Stemmons Place is conveniently located off the 16-lane Stemmons Freeway, within minutes of downtown Dallas and both major airports. The Stemmons Freeway corridor employs in excess of 140,000, generating one-fourth of all tax revenue for the City of Dallas. Major tenants include Aetna, VeriSign and RSR Corporation.

3333 Lee Parkway
Sub-Market: Uptown/Turtle Creek
Address: 3333 Lee Parkway
Dallas, Texas 75219
Size: 233,543 sf
Year Built: 1983

ASSET OVERVIEW

With its commanding architectural design, 3333 Lee Parkway features twelve stories wrapped in silver blue reflective glass. Six levels of subterranean parking provide 4,539 spaces to serve this site. This Class A office building located in the Uptown/Turtle Creek submarket, which boasts 52% higher rental rates than the Dallas-area market average. In addition, the submarket has experienced booming residential development and the strongest concentration of restaurants and entertainment venues anywhere in the Southwest. Gainsco is a major tenant.

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