Case Studies

One Hillcrest

Located just south of the LBJ Freeway on Hillcrest Road, Dogwood Capital purchased One Hillcrest at 69.59% occupied in June of 2020.

Due to an absentee ownership, lack of amenities, and a superior location, One Hillcrest presented a tremendous value-add opportunity at a low basis.  A complete overhaul of the building’s branding, coupled with an extensive capital improvement project to include a new common conference center, fitness center with locker rooms and showers, lobby renovation, restroom and common corridor upgrades, and a grab and go deli allowed Dogwood Commercial to secure approximately 13,500 RSF of pre-leasing.  A spec suite program garnered significant traction in the market to bring the project to 95% leased within eleven months of closing.

95%

Leased within four months of closing

Transformation

Exterior

Turfed tenant courtyard with plenty of outdoor seating

Before: Tenant Courtyard

Before: Building Entrance and Landscape

Before: Building Entrance, Signage, and Landscape

Before: Building Entrance, Signage, and Landscape

Before: Exterior Landscape

Interior

One Hillcrest’s lobby was completely renovated in 2020 by replacing all flooring and adding LED light strips, modern art, and furniture.

Before: Interior Lobby

Before: Interior Lobby

Before: Interior Lobby

Before: Stairwell

Before: Corridors

Amenities

Before: Conference Center

Suite Finishes

Before: Tenant Suite

Before: Tenant Suite

Before: Tenant Suite Breakroom

One Hillcrest