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Urban Land Development will upgrade the interior by uncovering the 14 to 15-foot slab-to-slab ceiling heights, reconfiguring suites to occupy half or full floors of up to 14,000 square feet and creating an open office floorplan.
While the decrease was only by $1 to $1,471, it still broke an upward trend in place since February 2017, according to a report by RentCafe, while the average rent in Texas is generally lower than the national average.
The asset adjacent to American Airlines Center was recently acquired by a partnership between HN Capital Partners and Dunhill Partners Inc. from seller Estein USA at an undisclosed purchase price.