One Glen Lakes
- Size170,000 SF
- Built1981
- Stories10
- Parking3.4:1000
- lease
- manage
- own
- sold
The Story
Acquired in 2016 alongside Meadow Park Tower in a 2-building portfolio, Cawley Partners and Stockbridge Capital Group partnered together on a value add strategy along Central Expressway. One Glen Lakes was renovated, leased, and sold in 2019.
The Scorecard
Cost | $22.7 Million
IRR | 3.8%
Multiple | 1.1x
Hold Period | 4 Years
The Location
sold