{"id":1004554735,"date":"2021-10-19T04:52:57","date_gmt":"2021-10-19T12:52:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004554735"},"modified":"2022-12-09T01:51:47","modified_gmt":"2022-12-09T09:51:47","slug":"talon-private-capital-buys-dallas-office-mid-rise","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/talon-private-capital-buys-dallas-office-mid-rise\/","title":{"rendered":"Talon Private Capital Buys Dallas Office Mid-Rise"},"content":{"rendered":"
\"\"<\/a>

2626 Cole. Image Courtesy of Accesso Partners<\/p><\/div>\n

A joint venture between Partners Group and Accesso Partners has closed the disposition of 2626 Cole, a 120,599-square-foot Class A office mid-rise in Dallas. Talon Private Capital acquired the multi-tenant asset, and JLL facilitated the transaction on behalf of the seller.<\/p>\n

The new owner selected Cushman & Wakefield to oversee property management, while Thirty-Four Commercial will market the asset’s available space.<\/p>\n

2626 Cole sits on 1.5 acres at 2626 Cole Ave. within the Metroplex\u2019s Uptown\/Oak Lawn submarket, one of the most active in market wide in terms of development, with approximately 1.6 million square feet of office space underway<\/a>. The sellers acquired the 1983-built boutique office building in 2014 and began rehabilitating the property the following year.<\/p>\n

Comprehensive improvement<\/h2>\n
\"\"<\/a>

2626 Cole Interior. Image Courtesy of Accesso Partners<\/p><\/div>\n

The capital improvement program included updating the lobby and building exterior, adding flexible workspaces, a lounge area and conference rooms, upgrading the HVAC systems with more energy-efficient options as well as creating new spec suites. The nine-story building features 14,217-square-foot floorplates and a parking ratio of 3 spaces per 1,000 square feet.<\/p>\n

Tenants WorkSuites, Republic Editorial and Annandale Capital signed new leases at 2626 Cole following the renovation. WorkSuites became the largest tenant, occupying 26,200 square feet. By mid-2019, occupancy had risen 35 percent from its 2018 fourth quarter low of 60 percent. The property was 93 percent leased at the time of the sale.<\/p>\n

Office leasing across the metro appears to be showing signs of strength: One major investor, KBS, has taken advantage of lower occupancy during the pandemic to update office assets, noting strong leasing activity<\/a> as a result.<\/p>\n

2626 Cole is less than 2 miles from American Airlines Center and interstates 35E and 345. Downtown Dallas is 2 miles south of the property.<\/p>\n","protected":false},"excerpt":{"rendered":"

JLL represented the sellers in the transaction.<\/p>\n","protected":false},"author":1763,"featured_media":1004554737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21783,21742,21747],"tags":[40484,32799,33268,33790],"class_list":["post-1004554735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-investment","category-latest","category-office","tag-accesso-partners","tag-cushman-wakefield","tag-partners-group","tag-talon-private-capital"],"acf":[],"yoast_head":"\nTalon Private Capital Buys Dallas Office Mid-Rise - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/talon-private-capital-buys-dallas-office-mid-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Talon Private Capital Buys Dallas Office Mid-Rise\" \/>\n<meta property=\"og:description\" content=\"JLL represented the sellers in the transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/talon-private-capital-buys-dallas-office-mid-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-19T12:52:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:51:47+00:00\" \/>\n<meta name=\"author\" content=\"Agota Felhazi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/2626-Cole.-Image-Courtesy-of-Accesso-Partners--e1634630387623.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/talon-private-capital-buys-dallas-office-mid-rise\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/talon-private-capital-buys-dallas-office-mid-rise\/\",\"name\":\"Talon Private Capital Buys Dallas Office Mid-Rise - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/talon-private-capital-buys-dallas-office-mid-rise\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/talon-private-capital-buys-dallas-office-mid-rise\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/2626-Cole.-Image-Courtesy-of-Accesso-Partners--e1634630387623.jpg\",\"datePublished\":\"2021-10-19T12:52:57+00:00\",\"dateModified\":\"2022-12-09T09:51:47+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/bd1ef74130b86a7c6013eaa04b08b28d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/talon-private-capital-buys-dallas-office-mid-rise\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/talon-private-capital-buys-dallas-office-mid-rise\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/talon-private-capital-buys-dallas-office-mid-rise\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/2626-Cole.-Image-Courtesy-of-Accesso-Partners--e1634630387623.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/2626-Cole.-Image-Courtesy-of-Accesso-Partners--e1634630387623.jpg\",\"width\":1602,\"height\":1201,\"caption\":\"2626 Cole. 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