Lake Highlands Tower (LHT) presents an exceptional value-add investment opportunity in Dallas’ growing northeast corridor. Located along the heavily traveled LBJ Freeway (IH-635) with daily visibility to over 210,000 vehicles, this Class A 15-story office tower is strategically positioned in an infill submarket offering strong demographics and accessibility.Ownership has executed a comprehensive renovation, adding a modern fitness center, café, conference and training facilities, and a welcoming lobby.
Currently 76% leased, LHT offers immediate upside through lease-up of remaining space and market-to-market rent adjustments, supported by a 5+ year weighted average lease term anchored by creditworthy tenants. Recent leasing trends in the submarket exceed $18/SF, while in-place rents offer compelling mark-to-market potential. The property sits on 8 acres allowing future redevelopment flexibility for multifamily or mixed-use initiatives under MU-3 zoning.
Positioned within one of Dallas’ most dynamic corridors, the property is adjacent to major highways, retail hubs, and dense residential neighborhoods, ensuring sustained tenant demand for years to come.