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Tuesday, April 18, 2017
Lincoln Centre to expand High-rise complex near Galleria planning to add fourth office tower
Lincoln Centre to expand
High-rise complex near Galleria planning to add fourth office tower
One of North Dallas’ largest and most familiar real estate developments is planning a major expansion.
The high-rise Lincoln Centre complex at LBJ Freeway and the Dallas North Tollway was built starting in the 1980s. The silver-glass campus includes three office towers and a high-rise Hilton hotel.
Now, Lincoln Centre’s owners are proposing construction of a fourth office tower that would be built on the east side of the tollway.
The 390,000-square-foot office project would be the largest such development in that area in more than a decade.
The current office towers are more than 90 percent leased.
Lincoln Centre leasing agents with Cushman & Wakefield have recently been showing details of the planned tower to prospective tenants.
“The site at Lincoln Centre is the prime location at the intersection of LBJ Freeway and the Dallas North Tollway,” said Matt Schendle, managing director with Cushman & Wake-
field. “It has exceptional ingress and egress, as well as visibility.
“It’s a terrific headquarters opportunity at a key crossroads in Dallas.”
The project would also inthe clude a multi-level parking garage that would replace surface parking on the northwest side of the property, according to plans for the development.
Lincoln Centre has more than 1.6 million square feet of office space, making it one of largest such developments in North Dallas.
The 33-acre site is just across LBJ Freeway from Galleria Dallas.
Since 2005, Lincoln Centre has been owned by New York-based retirement fund investor TIAA. The project underwent a $10 million renovation in 2004.