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Shops at Park Lane
JLL Creative
Created on November 28, 2023
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HIGHLY PRODUCTIVE RETAIL TENANT MIX
OfferingOverview
LIVE, WORK, PLAY
HISTORY OF PARK LANE
POWERHOUSE SHOPPING DESTINATION
For more information, please register in the JLL Investor Center
TOP 6% OF SHOPPING CENTERS IN THE U.S.
Hyper-core Mixed-Use Location
Whole Foods Grocery-Anchored
STRONG 3.50% CAGR
click to interact
LIVE, WORK, PLAY
HIGHLY PRODUCTIVE RETAIL TENANT MIX
OfferingOverview
HISTORY OF PARK LANE
POWERHOUSE SHOPPING DESTINATION
For more information, please register in the JLL Investor Center
TOP 6% OF SHOPPING CENTERS IN THE U.S.
Hyper-core Mixed-Use Location
Whole Foods Grocery-Anchored
STRONG 3.50% CAGR
Offering Overview
Address
8080 Park Lane Dallas, TX 75231
TOTAL SF
Retail: 564,116 SF Office: 100,445 SF Total: 664,561 SF
OCCUPANCY
89%
Live
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.
Work
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.
Play
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.
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.
Downtown Dallas
7-Minute Drive
M Streets
35,572 People Avg. Home Value of $730,000
Highland Park
8,862 People Avg. Home Value of $3.8 Million
12,000+ Students Top 20% of National Universities (U.S. News, 2024)
University Park
23,992 People Avg. Home Value of $2.0 Million
Lakewood
34,074 People Avg. Home Value of $1.0 Million
Northpark Center
TOP-RANKED MALL IN THE NATION WITH OVER $1 BILLION IN ANNUAL COMMERCE
IRREPLACEABLE LOCATION SURROUNDED BY AFFLUENT DEMOGRAPHICS
$10.8B
Consumer Spending Power
$865K
Average Home Value
$155K
Average Household Income
$2,147
Avg. Class A Multifamily Rent / Unit