Strategic redevelopment of Victory Park includes new residential and retail space
CBRE has been awarded the office leasing assignment for Victory Plaza, on behalf of landlord UST Victory Park. Victory Plaza includes two Class A, five-story office buildings totaling 183,130 square feet at 3030 and 3090 Olive Street in the heart of Victory Park.
Victory Park, anchored by the American Airlines Center, is undergoing a strategic redevelopment to evolve the district by improving walkability, revamping the retail district, and adding public amenities like Katy Trail access and public art. Victory Park currently has 1,400 new residential units under development and 83,000 square feet of new dynamic restaurant and retail space coming soon, including the 750-seat Cinépolis Luxury Cinemas – Victory Park. Victory Plaza offers a rare opportunity of two full floors with up to 50,000 square feet of office space and signage opportunities available.
“Victory Plaza is in the heart of Dallas’ most accessible urban location with endless amenities. This is the ideal location to recruit and retain talent and we are thrilled to be awarded with this prestigious assignment,” said Jackie Fraker Marshall, Vice President, CBRE.
Major tenants at Victory Plaza include TM Advertising, Cumulus Media, Carson Private Capital and the Victory Park Studios of WFAA-Channel 8.
“The steps we are taking to evolve Victory Park differentiate the district from anywhere else in the Dallas office market,” said Lance Fair, COO of Estein USA and Vice President of Victory Park. “Victory Plaza offers tenants the opportunity to be a part of Victory’s revitalization, and we are excited to have the CBRE team in place.”
Ms. Marshall and Tommy Nelson with CBRE in Dallas are the exclusive office leasing advisors for Victory Plaza, on behalf of UST Victory Park.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About Victory Park
Victory Park is a 75-acre mixed-use development in downtown Dallas surrounding the American Airlines Center, home of the Dallas Mavericks and Dallas Stars. Victory Park features more than 220,000 square feet of retail, restaurant and entertainment space; 621,000 square feet of Class-A office space; the 252-room W Dallas – Victory Hotel; more than 3,300 residential units; and the Perot Museum of Nature & Science. Victory Station provides access to DART Light Rail and the Trinity Railway Express. The popular 3.5-mile jogging and bicycle path, The Katy Trail, is also directly accessible. Victory Park is a property of UST XVI Victory Park, a German real estate investment fund managed by affiliates of Estein USA based in Orlando, Florida. UST XVI became an equity owner of Victory Park in 2005 and the sole owner of the majority of the Victory Park buildings in 2009. For more information about Victory Park visit victorypark.com or follow Victory Park on Twitter @VPDallas, facebook.com/dallasvictorypark and Instagram @DallasVictoryPark.
