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Shops at Park Lane

JLL Creative

Created on November 28, 2023

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POWERHOUSE SHOPPING DESTINATION

OfferingOverview

HIGHLY PRODUCTIVE RETAIL TENANT MIX

HISTORY OF PARK LANE

LIVE, WORK, PLAY

For more information, please register in the JLL Investor Center

Whole Foods Grocery-Anchored

STRONG 3.50% CAGR

Hyper-core Mixed-Use Location

TOP 6% OF SHOPPING CENTERS IN THE U.S.

click to interact

Whole Foods Grocery-Anchored

STRONG 3.50% CAGR

Hyper-core Mixed-Use Location

TOP 6% OF SHOPPING CENTERS IN THE U.S.

POWERHOUSE SHOPPING DESTINATION

OfferingOverview

HIGHLY PRODUCTIVE RETAIL TENANT MIX

HISTORY OF PARK LANE

LIVE, WORK, PLAY

For more information, please register in the JLL Investor Center

89%

OCCUPANCY

Retail: 564,116 SF Office: 100,445 SF Total: 664,561 SF

TOTAL SF

8080 Park Lane Dallas, TX 75231

Address

Offering Overview

The Property's walkable, mixed-use environment coupled with its irreplaceable location within Dallas’s urban core and affluent neighborhoods allows companies to effortlessly recruit, attract, and retain top talent.

Work

The Shops at Park Lane boasts a diverse collection of established retailers and emerging experiential concepts, activating the center and driving interest from both tenants and consumers.

Residents of the Galleries at Park Lane and the Heights at Park Lane benefit from luxury living spaces and amenities located in a vibrant, mixed-use environment within the heart of Dallas.

Live

Play

OVER 76K SF OF NEW LEASING ACTIVITY IN THE PAST 12 MONTHS, INCLUDING

Over the course of their ownership, Northwood has completed several capital projects for The Shops at Park Lane and surrounding assets; including, cladding and painting of the parking garages, addition of video boards visible from North Central Expressway, installation of escalators to improve connectivity between the upper and lower retail levels, central plant improvements, and new digital and static advertising. Northwood also further expanded the Property with the addition of 37K SF of retail and restaurant space, anchored by a central park, and developed complementary adjacent projects, including 246 multi-family units and 120K SF of Class A office space.

IRREPLACEABLE LOCATION SURROUNDED BY AFFLUENT DEMOGRAPHICS

Consumer Spending Power

$10.8B

Average Home Value

$865K

7-Minute Drive

Average Household Income

Avg. Class A Multifamily Rent / Unit

$155K

$2,147

Downtown Dallas

34,074 People Avg. Home Value of $1.0 Million

35,572 People Avg. Home Value of $730,000

Lakewood

M Streets

23,992 People Avg. Home Value of $2.0 Million

8,862 People Avg. Home Value of $3.8 Million

University Park

Highland Park

12,000+ Students Top 20% of National Universities (U.S. News, 2024)

TOP-RANKED MALL IN THE NATION WITH OVER $1 BILLION IN ANNUAL COMMERCE

Northpark Center