One Hanover Park

  • Size
    200,000 SF
  • Built
    1998
  • Stories
    5
  • Parking
    2.3:1000
  • lease
  • manage
  • own
  • sold

The Story

Cawley Partners and Stockbridge Capital Group acquired One Hanover Park in 2012. Interestingly, Cawley was also the original developer of One Hanover Park in 1998, although the project had changed hands a few times in between. Upon completion of the original business plan, One Hanover Park was sold in 2014.

The Scorecard

Cost | $18.9 Million

IRR | 50%

Multiple | 2.2x

Hold Period | 2 Years

The Location

sold
One Hanover Park
16633 North Dallas Parkway
Addison, Texas 75001
200,000 SFBuilt 19985 Stories2.3:1000
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