Case Studies
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.
Results
95%
Leased within four months of closing
Transformation
Exterior
Before: Tenant Courtyard
Before: Building Entrance and Landscape
Before: Building Entrance, Signage, and Landscape
Before: Building Entrance, Signage, and Landscape
Before: Exterior Landscape
Interior
Before: Interior Lobby
Before: Interior Lobby
Before: Interior Lobby
Before: Stairwell
Before: Corridors
One Hillcrest’s lobby was completely renovated in 2020 by replacing all flooring and adding LED light strips, modern art, and furniture.
Amenities
Before: Conference Center
Suite Finishes
Before: Tenant Suite
Before: Tenant Suite
Before: Tenant Suite Breakroom