Wednesday, April 26, 2017

With Centrum transformation underway, Dallas' Quadrant Investment expands its vision


With massive renovations underway at The Centrum in Dallas' Oak Lawn neighborhood, Dallas-based Quadrant Investment Properties is expanding its upgrade plans to a recently acquired adjacent office tower.

The 13-story, 112,225-square-foot boutique office tower at 3625 N. Hall St. — called Hall Street at The Centrum — will be transformed from the 35-year-old tower into a sought-after destination for modern office space.
The building had been on Quadrant Investment Properties' radar for several years and the real estate investment firm was excited to buy it, said Chad Cook, who is one of the founders of the firm that leads up its day-to-day operations.

"We believe the lobby has been high under-utilized, and we look forward to creating a functional community space for the tenancy," said Cook, in a statement.

Other plans include revamping the existing pull-in driveway into a usable plaza and garden, adding a Method Coffee shop with food options and showcasing an art collection, which is on loan from one of Quadrant's founders Howard Rachofsky.

Along with renovations to the building, Quadrant's would-be tenants will also have access to the community spaces at The Centrum, which sits adjacent to the office tower. Those spaces include a rooftop deck, community courtyard, conference center, tenant lounge and a 6,000-square-foot fitness center.

Cook and his team have hired CBRE's Jackie Fraker Marshall and Ben Davis to lease Hall Street, which is 90 percent occupied. Moroch Partners has its Dallas headquarters within the building.

The renovations and creative office spaces will have a great impact on Hall Street's current and future tenants, said Marshall, who is a vice president in CBRE's Dallas office.

Candace Carlisle/Dallas Business Journal.