January 14, 2021
In its second DFW-area deal this week, Cawley Partners teamed with Vancouver-based Balfour Pacific Capital to acquire Westpoint I, a 150,000-square-foot office building at 1255 Corporate Dr. in Irving’s Las Colinas submarket. Earlier this week, Cawley and Staubach Capital acquired Sabre’s headquarters in Southlake.
“Westpoint I ticks many boxes for us,” said Mark Scott, Balfour Pacific’s managing partner. “It’s a stabilized property anchored by investment-grade credit, but with value-add characteristics and significant upside.”It’s Balfour Pacific’s second acquisition in Dallas.
Plans are in the works to add a new grab-and-go food service. Renovations of the restrooms and common areas are also planned for the first and second floors. Westpoint I is being leased by Addie Ludwig of Cawley Partners.
JLL’s Parker McCormack and Andrew Levy represented the seller, Highbrook Investors.
For comments, questions or concerns, please contact Paul Bubny