4800 HARRY HINES BLVD Dallas, TX REDEVELOPMENT OPPORTUNITY in the na on s busiest medical district
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1 4800 HARRY HINES BLVD Dallas, TX REDEVELOPMENT OPPORTUNITY in the na on s busiest medical district
2 4800 HARRY HINES BLVD Dallas, Texas INVESTMENT HIGHLIGHTS JLL is pleased to present a rare well-positioned redevelopment opportunity in the fast growing medical district of Dallas, Texas. The 6.84 acre site consists of almost 600 feet of frontage on Harry Hines Boulevard, which serves as the main artery for the district and is home to world renowned medical programs such as UT Southwestern, Parkland Hospital, and Children s Medical Center Harry Hines offers a redevelopment opportunity primed for multifamily and medical-related uses with un-matched access and visibility. LOCATION LOCATION LOCATION MINUTES FROM VICTORY PARK & DESIGN DISTRICT TRANSIT- ORIENTED EXCEPTIONAL MARKET FUNDAMENTALS EASE OF ACCESS HARRY HINES FRONTAGE DID WE MENTION LOCATION?
3 4800 HARRY HINES BLVD Dallas, Texas PROPERTY DESCRIPTION ADDRESS: 4800 Harry Hines Blvd Dallas, TX BUILDING SIZE: BUILDING TYPE: 97,636 SF Office/Warehouse YEAR BUILT RENOVATED: SUBMARKET: OFFICE BUILD-OUT: LAND AREA: Medical District/Stemmons 82,636 SF 6.84 AC (297,950 SF) PARKING RATIO: 1.54:1000 ZONING: Industrial/Research District Current zoning allows for industrial, wholesale distribution and storage, supporting office and retail. PRICE: $50 / SF (land) $14,897,500.00
4 4800 Harry Hines Blvd
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8 4800 HARRY HINES BLVD Dallas, Texas SOUTHWESTERN MEDICAL DISTRICT WILLIAM P. CLEMENTS, JR. UNIVERSITY HOSPITAL The Property is less than 1/2 of a mile from the new UTSW William P. Clements, Jr. University Hospital, part of The University of Texas system and offers over 60 acres of the highest levels of patient care, health education, research and student resources. PARKLAND HOSPITAL Parkland is one of the busiest public hospitals in the country with over one million patient visits per year. Once the new facility is open, the existing hospital, located at the northwest corner of Harry Hines Blvd. and Medical District Dr. will either be remodeled to add additional capacity or it may be acquired by Children s Medical Center CHILDREN S MEDICAL CENTER Home to the only academic healthcare system in North Texas, Children s Medical Center Dallas is dedicated exclusively to the comprehensive care of children from birth to age 18. Children s, with 487 beds and over 360,000 visits per year, is one of the top pediatric hospitals in the country and the fifth largest healthcare provider in the nation. UT SOUTHWESTERN MEDICAL CENTER BIOCENTER The BioCenter provides a venue adjacent to UT Southwestern for bio-medical companies that are engaged in research, development, marketing and small-scale manufacturing of goods and services in the biomedical industry. ZALE LIPSHY UNIVERSITY HOSPITAL In addition to the aforementioned hospitals, Zale Lipshy University Hospital is one of the world s premier neurological diagnostic and treatment centers. SOUTHWESTERN MEDICAL DISTRICT/PARKLAND DART DART recently opened two rail stations in the medical district, part of the transportation system s Green Line expansion project. The Southwestern Medical District/Parkland and the Inwood/Love Field stations are both serviced by shuttle and buses that transport employees and patients to their destinations in the medical center. With the full Green Line, the DART Rail System has grown from 48 to 72 miles. By 2019, the rail system is scheduled to total 93 miles. In addition to the medical district, the $1.8 billion project serves Deep Ellum, Victory Park, Dallas Market Center, Love Field, and the cities of Farmers Branch and Carrollton.
9 The new 2.8 million-square-foot Parkland campus, is located directly adjacent to the property on the northeast corner of Harry Hines Boulevard and Medical District Drive. Parkland remains one of the busiest public hospitals in the nation, with more than 1 million patient visits each year.
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11 The Dallas Metroplex has a strong foundation of corporate headquarters, including 18 of the Fortune 500 and roughly 30 Fortune 1000 companies. Economic and job growth is expected to continue, which bodes well for apartment and fundamentals. OAK LAWN / MEDICAL DISTRICT MULTIFAMILY COMPARISON Property Developer Owner Year built 4320 Dickason Avenue 6162 Maple Avenue 4110 Fairmount Street Magnolia Property Co Encore Enterprises Trammell Crow Co # of units Average unit SF Occupancy Market rate Madeline G. Lawton Family LTD , % $1.467 Centennial Holding Company, LLC % $1,282 Monogram Residential Trust , % $1, Herschel The NRP Group The NRP Group, LLC , % $1,804 Avenue * 3333 Harry Hines Trammell Crow Trammell Crow %* $2,134 Blvd. Residential Co Residential Co *New construction LOCAL MULTIFAMILY MARKET The Southwest Medical district is home to over 30,000 employees and sees close to 2.5 million patients a year. As of 2nd quarter 2016, there are a total of 26,417 units under construction with approximately 1,800 of those units going up in the Oak Lawn / Medical District 1,255 units have been delivered to the Oak Lawn / Medical District submarket over the past year Apartment occupancy rates for the Oak Lawn / Medical District are between 92% - 93%.
12 FOR INFORMATION PLEASE CONTACT: 4800 HARRY HINES 6.84 AC 297,950 SF Doug Carignan Managing Director Disposition / Acquisitions Tenant Representation JLL 8343 DOUGLAS AVENUE, SUITE 100 DALLAS, TX JLL(NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4.0 billion, JLLoperates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 3.0 billion square feet. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit
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