Hwy 114 Office Campus
Hwy 114 Office Campus by Savannah, is located at 200 West John Carpenter at the NWC of Fuller Drive and Hwy 114 in the garden community of Las Colinas, Texas, one of the hottest urban settings where price appreciation is steady thanks to continued demand for lifestyle and location. The site is superbly positioned with excellent visibility from Hwy 114.
Hwy 114 Office Campus by Savannah will be constructed as seven (7) for-sale, class A, single-story office buildings with approximately 57,000 total project square feet. The site encompasses approximately 5 acres and will accommodate professional offices, including business and medical.
Hwy 114 Office Campus is part of a larger 18-acre master-planned, mixed-use development, headed by Rosewood Property Company (RPC), which will also include 60 townhomes to be built by David Weekley Homes and approximately 370 apartment homes in a 5-story midrise by RPC.
Las Colinas is an upscale, developed area in the Dallas suburb of Irving, Texas. Due to its central location between Dallas and Fort Worth and its proximity to both DFW International Airport and Love Field Airport, Las Colinas has been a viable place in the Metroplex for corporate and business relocation. As a planned community, it has all the notable retail and restaurants, luxury hotels, landmark office towers, and private country clubs.
With rising rents and operating expenses, small business owners are searching for ways to reduce costs and invest in their own bottom line. Investing in commercial real estate through office ownership, such as office condominiums, is a savvy strategy. Historically low interest rates, favorable tax advantages and the unique characteristics of professional office condominiums have made them extremely popular with small businesses. This category of office space offers many cost-effective options and tax benefits that are unavailable with traditional office buildings.
Professional and medical office condominiums are commonly built out in sizes ranging from approximately 1,250 to 15,000 square-foot suites. These are optimum sizes for a small business and medical related offices. Owners have the ability to customize their space to fit their needs and corporate image. Typical suites feature private entrances, private restrooms, and kitchens with high end finishes selections such as granite and quartz surfaces, wood flooring, tile, and decorator color schemes. Some owners may purchase contiguous suites or entire buildings as an investment. This provides rental income and the room for future expansion as their enterprise grows.
Hwy 114 Office Campus
200 West John Carpenter, Las Colinas
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