The thriving Dallas-Fort Worth market fuels recent sale and financing of the five-story office property
JLL Capital Markets announced today that it has arranged the sale and financing of the Sabre Headquarters building, a 265,942-square-foot, five-story office building in Southlake, Texas.
JLL represented the seller, a joint venture between Cawley Partners, Staubach Capital and PCCP, LLC, and procured the buyer, BDP Holdings. Additionally, JLL worked on behalf of the buyer to secure the 10-year, acquisition financing through Wells Fargo & Company.
Sabre, which is a leading software and technology company in the travel industry, has occupied the property as their headquarters since 2002. The LEED®-certified building was fully renovated in 2021 and offers in-demand amenities, including a full-service cafeteria, outdoor courtyard, fitness center and structured/surface parking for more than 1,100 vehicles.
The Sabre Headquarters is located at 3150 Sabre Dr. in the top performing Westlake/Grapevine office submarket of Dallas. This submarket boasts affluent demographics with an average household income of $270,000, an educated workforce where more than 67% of residents hold a bachelor’s degree or higher and proximity to Dallas Fort Worth International Airport. Rents in the Westlake/Grapevine office market continue to climb, seeing an increase of more than 14% since 2017.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
About Cawley Partners
Cawley Partners is a full-service Dallas-based commercial real estate company focused on building partnerships through developing, investing, managing and leasing properties. Since 1996, the Company has experience with more than 15 million square feet of development and acquisition projects. The developments include office, retail, and industrial and have ranged from speculative to build-to-suit. For more information, please visit cawleypartners.com.
About Staubach Capital
Staubach Capital is a real estate investment and development company focused on opportunistic and value-add investments across the commercial real estate spectrum. The principals of Staubach Capital have decades of experience investing and developing in core markets, through multiple cycles, and across diverse asset classes. Staubach Capital is disciplined but aggressive; committed to downside protection and maximizing value for capital preservation and appreciation. For more information, please visit StaubachCapital.com.
About PCCP, LLC
PCCP, LLC is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has $20.1 billion in assets under management on behalf of institutional investors. With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 24-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has managed, raised or invested over $35.0 billion of capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures. PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital. Learn more about PCCP at pccpllc.com.
About BDP Holdings
BDP Holdings is a New Jersey-based real estate investment company specializing in the acquisition, development and repositioning of real estate in the New York Tri-State area and select markets throughout the United States. The firm’s leadership has over 30 years of experience investing in over $6.5 billion of value-driven real estate in more than 30 states.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
