5000-5040 Riverside Drive,
In August 2022, Peakhill Equity Partners closed on a partnership with Wolverine Interests to acquire a six-building class A- office campus totaling 468,347 square feet in the Las Colinas Urban Center submarket of Irving, Texas (the “City”) in the Dallas-Fort Worth Metroplex. The Project spans ~18 acres, which includes a vacant 4.7-acre land parcel that is currently approved for office/parking use with potential to obtain approvals for multifamily development. The Property is 94% leased to a high-quality credit tenant mix with limited rollover exposure until 2027. The Project is located in the Las Colinas Urban Center, which has been a corporate hub since the area was developed in the 1980s. Las Colinas has one of the highest concentrations of Fortune 500/1000 companies in the United States, with seven Fortune 500 companies and five additional Fortune 1000 companies headquartered in the submarket. Las Colinas benefits from its central location in the Metroplex, with easy access to the Dallas-Fort Worth International Airport, Love Field, Downtown and Uptown Dallas, and the rapidly growing northern suburbs of Frisco and Plano.
Ultra High-Net Worth Family Office
Las Colinas Urban Center
Mixed-use residential building with 171 units, 9,500 sq. ft. of community facility space
3,300 SF fitness centre
80- and -25 seat conference center