Quadrant Investment Partners has acquired The Centrum, a nearly 400,000-square-foot office and retail property at 3102 Oak Lawn, from an offshore investment group. Known for its unique stair-step roof, the project currently is about 73 percent leased, with Compass Health, Baron & Budd, First Service, and Mattito’s Tex-Mex among the tenants.
The new owner has tapped Transwestern to oversee leasing of the property. Management will be handled by CBRE.
Dallas-based Quadrant Investment Partners was formed in 2012. It’s led by Chad Cook, former vice president of acquisitions for Hillwood Investment Properties. The company is planning extensive renovations to The Centrum, including a redesigned lobby, outdoor courtyards and rooftop decks, and the addition of more restaurants. Common areas will also be spruced up, and a spec-suite program is being developed.
“It is rare to find a project of this significance that offers a repositioning opportunity of this magnitude in such an incredible location,” Cook said. “Once the renovations are complete. we hope to offer a workplace environment unlike any in the market, specifically targeting tenants seeking a more collaborative office experience.”
The Centrum is the sixth acquisition for Quadrant Investment Partners in the last 24 months.
