**Bradford Cos Acquires Outdated Uptown Dallas Office Tower, Plans $10M Renovation**
Bradford Cos has acquired a long-overlooked office building in Uptown Dallas, located at 4144 N. Central Expressway. Built in 1982, the 254,000-square-foot property had not seen any renovations since 1994. At the time of purchase, the building was only 50% leased.
The previous owners of the property—Houston-based Pillarstone Capital REIT and Whitestone REIT—filed for bankruptcy in an effort to avoid foreclosure. Pillarstone served as the general partner, while Whitestone was a limited partner. The two firms acquired the building in 2013. Weitzman represented the seller in the recent transaction.
Now under Bradford’s ownership, the tower is set for a significant transformation. The company plans to invest approximately $10 million into modernizing the property. Planned upgrades include a redesigned lobby equipped with a golf simulator and a coffee kiosk, updated restrooms on every floor, a new state-of-the-art fitness center, and flexible coworking suites.
Additionally, Bradford has earmarked another $10 million for tenant improvements, which will be allocated as new tenants sign leases. The comprehensive renovation and property repositioning aim to enhance occupancy and bring new life to a once-neglected asset in one of Dallas’ busiest business districts.
