Cawley Partners is pleased to announce its newest Class A office acquisition, 5501 Headquarters. The three-story building is comprised of 169,179 rentable square feet of highly efficient floor plates. Located on Headquarters Drive, just off the Dallas North Tollway in Plano, the building sits in the coveted corporate Legacy submarket.
“The Rent-A-Center corporate office is an attractive acquisition, not only because of its prime location, but the site has the potential forfuture expansion. That, in addition to the Class Aexisting building secured by the income stream of a Fortune 1000 tenant, make this a great addition to the Cawley portfolio,” stated Bill Cawley, Chairman and CEO of Cawley Partners.
Sixty percent of the building remains leased to Rent-A-Center in the building’s East Wing, with 70,000 square feet coming available April 2021. Cawley Partners plans to renovate the 2007 build-to-suit office for multi-tenant use. Updates are planned for the lobby, restrooms, fitness center and conference rooms, with added amenitiessuch as anupscale grab-n-goand tenant lounge.
“With the interior renovations getting underway this quarter, 5501 Headquarters will be completely transformed, making it look and feel brand new for prospective tenants moving in early next year. The upgraded building will also boast newlandscaping design and 5/1,000 parking, making it a highly attractive destination for companies looking to be in the corporate hub of Plano,” commented Addie Ludwig, Vice President of Leasing with Cawley Partners.
5501 Headquarters will be managed and leased by Cawley Partners. For leasing inquiries, contact Addie Ludwig at aludwig@cawleypartners.com.
About Cawley Partners
Cawley Partners is a full-service Dallas based commercial real estate company focused on building partnerships through developing, investing, managing and leasing office buildings. Since 1996, the Company has experience with more than 12 million square feet of development and acquisition projects. The developments include office, retail, and industrial and have ranged from speculative to build-to-suit corporate headquarters. For more information please visit www.cawleypartners.com.
