DALLAS—Anewly formed joint venture has acquired 9.33 acres including177,000 square feet of existing office buildings located at1515-1575 West Mockingbird Ln. Currently namedOakbrookPlaza, thejoint venture intends to rebrand the propertyMockingbird Office Parkandplans to implement a capital improvement plan that will includeboth interior and exterior common area upgrades.2GREquity, acommercial real estate investment firm based in Grapevine, TX, haspartnered in its third equity investment, a joint venture withDallas/Fort Worth-based real estate investment firm,LegacyCapital Company. Thesite boasts almost 650 feet of frontage along Mockingbird and has asignalized intersection at the southeast corner of the site at WestMockingbird Lane and Oakbrook Boulevard. Theimproved property consists a seven-story office tower surrounded bysix, one-story garden office buildings. According to 2GR Equityprincipal,ElizabethRoll, theproperty has great potential. “Redevelopmentactivity along Mockingbird Lane was key to our interest in theproperty. With the end of the Wright Amendment boosting traffic atLove Field, the ever-expanding Medical District and multiplemultifamily, retail and hospitality developments either planned orunderway in the immediate area, Mockingbird Lane is one of the mostexciting areas in Dallas,” says Roll. Thefuture Mockingbird Office Park consists of a central seven-storyoffice tower, surrounded by six single-story office buildings. Inaggregate the property comprises 176,917 rentable square feet ofhigh quality office space, and includes ample parking with 584surface parking spaces and 86 garaged spaces. It is currentlyleased with an existing tenancy comprised of local, regional andnational tenants, and several agencies of the State of Texas,according toLoopNet.Theoffice park is adjacent to the Southwestern Medical District, whichincludesUniversityof Texas Southwestern Medical Center, Parkland MemorialHospitalandChildren'sMedical Center. TheMedical District is one of the region's major employment centers,an engine for growth and currently undergoing a rapidexpansion.Rolltells GlobeSt.com: "The site provides some of the largestcontiguous frontage on the heavily traveled Mockingbird and iszoned mixed use, which makes it ideal for futureredevelopment." DallasbasedTXREhas beenretained to lease and manage the property.DALLAS—Anewly formed joint venture has acquired 9.33 acres including177,000 square feet of existing office buildings located at1515-1575 West Mockingbird Ln. Currently namedOakbrookPlaza, thejoint venture intends to rebrand the propertyMockingbird Office Parkandplans to implement a capital improvement plan that will includeboth interior and exterior common area upgrades.2GREquity, acommercial real estate investment firm based in Grapevine, TX, haspartnered in its third equity investment, a joint venture withDallas/Fort Worth-based real estate investment firm,LegacyCapital Company. Thesite boasts almost 650 feet of frontage along Mockingbird and has asignalized intersection at the southeast corner of the site at WestMockingbird Lane and Oakbrook Boulevard. Theimproved property consists a seven-story office tower surrounded bysix, one-story garden office buildings. According to 2GR Equityprincipal,ElizabethRoll, theproperty has great potential. “Redevelopmentactivity along Mockingbird Lane was key to our interest in theproperty. With the end of the Wright Amendment boosting traffic atLove Field, the ever-expanding Medical District and multiplemultifamily, retail and hospitality developments either planned orunderway in the immediate area, Mockingbird Lane is one of the mostexciting areas in Dallas,” says Roll. Thefuture Mockingbird Office Park consists of a central seven-storyoffice tower, surrounded by six single-story office buildings. Inaggregate the property comprises 176,917 rentable square feet ofhigh quality office space, and includes ample parking with 584surface parking spaces and 86 garaged spaces. It is currentlyleased with an existing tenancy comprised of local, regional andnational tenants, and several agencies of the State of Texas,according toLoopNet.Theoffice park is adjacent to the Southwestern Medical District, whichincludesUniversityof Texas Southwestern Medical Center, Parkland MemorialHospitalandChildren'sMedical Center. TheMedical District is one of the region's major employment centers,an engine for growth and currently undergoing a rapidexpansion.Rolltells GlobeSt.com: "The site provides some of the largestcontiguous frontage on the heavily traveled Mockingbird and iszoned mixed use, which makes it ideal for futureredevelopment." DallasbasedTXREhas beenretained to lease and manage the property.