Lewisville campus that was home to Chase Bank has a new owner
A Lewisville office campus that for years has housed major operations for JPMorgan Chase has been sold to a Dallas investment group.
The four-building Lake Vista Office Center is near the southwest corner of Stemmons Freeway and State Highway 121. The buildings surround a large lake and a park.
Dallas-based TriGate Capital and other investors purchased the 486,400-square-foot campus.
Chase now occupies two of the buildings but is moving its operations to its new campus in Plano’s Legacy West development. The buildings Chase is leaving have already been rented to NationStar Mortgage.
“Bringing in another great tenant with little to no downtime says a lot about the desirability of Lake Vista Office Center,” said Matt Schendle, managing director at Cushman & Wakefield, who is leasing the property with Rena Padachy. “The campus has easy access to I-35E and State Highway 121, a beautiful park outside its doors and a location that’s close to a large number of restaurants and shops. It has all of the factors office tenants are seeking today.”
TriGate and its partners bought the buildings from a tenant in common investment group, which had owned the property for about a decade. Terms of the sale were not disclosed.
Cushman & Wakefield’s Scot Farber and Tom Strohbehn brokered the sale of the property.
Terry Quinn of Avison Young negotiated the lease with NationStar.
Source: The Dallas Morning News