ICM Acquires One Glen Lakes in Dallas, TX
One Glen Lakes, a 10-storey Class A, multi-tenant office building located in Dallas, TX. The property boasts an impressively diverse tenant roster who enjoy …
March 11, 2020 (Dallas, TX) – ICM Asset Management is pleased to announce the acquisition of One Glen Lakes, a 10-storey Class A, multi-tenant office building located in Dallas, TX. The property boasts an impressively diverse tenant roster who enjoy the property for its lakeside scenery, unrestricted views, and an array of walkable amenities. The property is within a minute’s walk from the Walnut Hill DART station and the Texas Health Presbyterian Hospital.
One Glen Lakes is located in the North Central Expressway submarket which acts as the premier north-south artery for the eastern portion of the inner loop. This prime location provides superior access to I-635 and Loop 12 while being surrounded by affluent neighborhoods, and recently upgraded retail makes the immediate area an extremely attractive place to live, work, and play. The Walnut Hill DART station offers an alternative mode of transportation to the area, and the Texas Health Presbyterian Hospital adds a significant draw for businesses in the medical and insurance sectors.
“We are excited to expanding our Dallas portfolio with an exceptionally located project, a robust tenant roster, and immediate leasing opportunities,” said Spencer Patton, ICM’s Managing Director. “We look forward to welcoming new tenants as we improve common areas, entrances, building amenities, and upgrade HVAC systems.”
The North Central Expressway submarket offers its residents a wide variety of housing options, including a robust multifamily inventory, 7 local parks, 6 nearby golf courses, and impressive connectivity: 15 minutes to Downtown Dallas and 25 minutes to DFW International Airport.
In order to deliver the best service possible, ICM has partnered with Lincoln Property Company for the property management and for leasing the remaining vacant space.
“ICM is a best-in-class owner and we’re excited to be a part of the exciting changes planned for One Glen Lakes. We think the timing is perfect for ICM to take One Glen Lakes to the next level,“ said Mark Dickenson, LPC’s Executive Vice President.
About ICM Asset Management
ICM Asset Management is an alternative asset manager focused on owning, operating and investing in real assets. We offer retail, private client and institutional investors an array of investment opportunities focused on real estate, private equity, private debt and infrastructure strategies. We are headquartered in Calgary and have offices in Atlanta, Munich and Mexico City. ICM Investment Management, a wholly-owned subsidiary of ICM Asset Management, is a registered investment fund manager (IFM) and portfolio manager (PM) with provincial securities regulators across Canada. Learn more at www.icmassetmanagement.com
About Lincoln Property Company
Lincoln Property Company, founded in 1965 by its chairman Mack Pogue, is a privately-owned real estate firm involved in real estate investment, development, property management and leasing worldwide. Lincoln has offices in all major markets of the U.S. and throughout Europe. Lincoln’s cumulative development efforts have produced over 130 million square feet of commercial space and over 212,000 multifamily residential units. Lincoln Property Company is the second largest apartment manager in the United States. Visit www.lpcdallas.com for more information.