DALLAS-Uplift Education, which operates a network of charter schools throughout the Dallas-Fort Worth area, added another property to its inventory, acquiring a 41,580-square-foot building on Dallas’ northwest side. The buyer will open its newest school at 9411 Hargrove Dr. this fall.
“In order to maximize the value of the building, we creatively examined how we could market it to buyers outside of the industrial realm and cast a wide net of diverse prospects. This property is ideal for adaptive reuse and we are pleased it will serve educational needs for the area,” comments Ward Richmond, vice president at Colliers International in a press release. Richmond and Colliers senior vice president David Wetherington represented the seller, Restoration Partners Ltd. in the transaction.
In addition to buying the building, Uplift Education acquired adjacent property next door, which it will convert into a parking lot. Eliza Solender, president of Solender/Hall Inc. represented Uplift Education in the transaction. “Our company specializes in converting warehouses to schools and it was important to identify a building located in a strategic location,” Solander says in a prepared statement.