Mockingbird Station, one of Dallas’ most iconic mixed-use developments, is now for sale.
Located at Mockingbird Lane and North Central Expressway, the transit-situated property sits on prime North Texas real estate, adjacent to a Dallas Area Rapid Transit (DART) rail station and just across the freeway from Southern Methodist University.
The commercial-residential complex first opened to the general public in 2001. It features almost 200,000 square feet of retail space, modern restaurants and entertainment venues, 211 luxury loft-style apartments, and over 150,000 square feet of upscale office space.
It also houses Hyena’s Comedy Nightclub, an intimate hotspot to watch standup or improv, and the Angelika Film Center, a popular movie theater known for showcasing independent, arthouse, and international films, and hosting the annual Asian Film Festival of Dallas, as previously reported in The Dallas Express.
CBRE Global Investors, a California-based asset investment management firm, has owned the high-profile 197,670-square-foot development since 2015. The property will be sold by Jones Lang LaSalle (JLL), a Dallas-based commercial real estate services firm.
JLL described the property as a “premier open-air, mixed-use shopping and entertainment destination” on the property listing. Amenities include high-performing “Class A retail,” office spaces, and multi-family units, which foster a “live, work, play environment.”
In addition to the nearly nine acres of real estate included in the legacy Mockingbird Station listing is an untapped site on which a 27-floor structure can be constructed.
The Mockingbird Station development was pioneered by the late Dallas developer Ken Hughes, who helped repurpose a vacant 1930s Western Electric warehouse on Mockingbird Lane into residential loft units.
“The 90% leased mixed-use asset presents investors with a rare opportunity to control 8.9 acres of irreplaceable real estate,” JLL said. Additionally, the offering presents the unique ability to assume attractive in-place financing at a below-market cost of 3.88%.