FCP and Quadrant Investment Properties (QIP), a Texas-based real estate investment firm, announce plans to develop a 10-story, 120,286-square-foot Class A office building at 1333 Oak Lawn Ave. in the heart of Dallas’ Design District. The project will break ground in the second quarter of 2022 and is expected to deliver in the third quarter of 2023.
“For some time now, we have felt a shift in the way users of office approach their space needs, with a focus more on curating the culture of their companies. We believe there is significant demand for a smaller scale office building that still provides the full offering of non-commodity amenities. Thirteen Thirty Three is the culmination of that thought process,” said Chad Cook, founder of QIP.
Transwestern’s Paul Wittorf, Kim Brooks, Laney Underwood and Natalie Serio will oversee leasing for the property. Branded as Thirteen Thirty Three, the project will feature 10,864 square feet of amenities on the 9th floor, including a community lounge, fitness center and basketball court, as well as two separate terraces offering sweeping views of the Dallas skyline. Thirteen Thirty Three will include a full-service specialty restaurant on the ground floor.
The podium-style building will include nearly 118,000 square feet of office space on floors 6 to 10 with floorplates ranging from 19,000 square feet to 29,000 square feet. A five-level parking garage will be on-site. The building’s location is within walking distance of some of the best dining and entertainment destinations in Dallas.
“The momentum and energy in the Design District is palpable and we are excited to bring to Dallas a differentiated project that enables corporations to innovate and encourage a strong culture,” said Erik Weinberg, Principal with FCP.
“We are thrilled about what the future holds for the Design District,” said Cook. “It is the perfect canvas to create a diverse portfolio of hospitality driven office. We hope to provide an experience unique to anything in Dallas and capture companies looking for a different way to work.”
QIP is strategically focused on the Dallas Design District, having acquired 23 properties in the last two years, including 141 Manufacturing St. where Dallas-based ride share company Alto has recently leased more than 16,000 square feet for its headquarters.
Renderings for Thirteen Thirty Three can be found here.
FCP® is a privately held real estate investment company that has invested in or financed more than $9.3 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit www.fcpdc.com.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
About Quadrant Investment Properties
Quadrant Investment Properties is a Dallas based real estate investment company specializing in urban office opportunities. We create community focused projects through thoughtful design, proactive management, and the integration of technology. We combine these elements to deliver projects that inspire our tenants, partners, and the market as a whole. The company is strategically focused on the Dallas Design District, having acquired twenty-three properties in the last twenty four months.