DALLAS—The Uptown submarket remains tight. The submarket had the second lowest vacancy in Dallas through fourth quarter 2016 (13.7%) behind Preston Center (10.2%), due in part to its desirable location and accessibility to walkable amenities, according to JLL.

One release on the pressure valve is 3333 Welborn, a four-story office property prominently located in Uptown. The property includes more than 48,000 square feet of rentable office space. Currently, the building offers nearly 30,000 square feet of available office space, including approximately 26,200 square feet of contiguous space. A round of spec suites are in the planning stages and are expected to be delivered later this year, according to Abby Development.

“We acquired 3333 Welborn in late 2016 and have spent the last several months designing a full-scale renovation that will feature best-in-class amenities,” said Abby Development vice president Mason Green. “In this market, it's rare to find a building that offers a repositioning opportunity of this magnitude in such an incredible location. Our vision is to create a workplace environment unlike any in the market, featuring a full amenity package and ample parking in a boutique, neighborhood office building.”

JLL senior vice president Blake Shipley and associate Cullen Donohue will lead the leasing and marketing efforts. Caddo Real Estate Services will handle property management for the building.

“Abby Development's investments within the property and the fact that they will be headquartered here demonstrate their commitment to existing and future tenants of 3333 Welborn,” says Shipley. “We fully expect these capital improvements to elevate this asset within the market.”

New amenities and upgrades were designed by global design firm Staffelbach. Upgrades include a new rooftop terrace, outdoor workspace and employee bicycle storage, along with a redesigned building exterior, landscaping, fully upgraded lobby, corridors and restrooms. Improvements are scheduled to begin in March and will be delivered later this year.

“The building was originally built in 1963. In 1999, it was essentially rebuilt: all new mechanical, electrical, plumbing, exterior, roofs, foundations; basically everything was replaced,” Green tells GlobeSt.com. “The building sits on almost 2 acres of land, which means we have ample green space with mature trees for tenants to enjoy. There are outdoor seating and gathering areas with gazebos which are great for outdoor meetings.”

Instant Insights /

60s-Era Uptown Office Gets Total Overhaul to Attract Tenants

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