The asset & competitive set

Our brief analysis of Founders Square

Advantages

  • Founders Square has a high walk score of 95
  • Eight minute walk to Dallas Union Station, served by Amtrak, DART light rail and TRE commuter services, which sees about 3,000 riders per day
  • Several nearby amenities: restaurants, hotels and retail/services
  • Six minute walk to the AT&T Discovery District, a new tech, culture and entertainment neighborhood in the heart of downtown
  • Historic building offering suites tailored to professional services such as law firms, CPAs
  • Compatible to smaller tenants
  • Convenient to Dallas Love Field Airport
  • Highly educated workforce within a 10-mile radius
  • On-site security
  • Quick and easy access to major highways, including Woodall Rodgers Fwy, I-35E and US-75
  • Covered, secure on-site parking with numerous parking options close to the building
  • On-site tenant lounge/conference facility
  • On-site food service
  • On-site management

Opportunities

  • Focus on retention of current tenants—introduce Avison Young leasing team with email/postcard and drop-off candy/snack gift
  • Activate building lobbies/entry points—create more appeal for tenants
  • Offer building signage to tenants that qualify
  • Put floor plan marketing boards in all vacancies
  • Create portable marketing center
  • Add tasteful window clings or placard Vacancy signage to outside of vacant suites
  • Make large space divisible if needed to meet demand
  • Create a spec suite program; build out more spec suites and agile suites for convenient and quick leasing—stage furniture to promote move-in ready suites
  • Use simpler 5-page lease with flexible terms for smaller tenants
  • Consider small fitness center
  • Upgrade tenant conference room/lounge
  • Upgrade to LED light fixtures in all vacancies/common areas
  • Upgrade food service

Competitive set