JLL Capital Markets announced today that it has arranged the sale and financing of the Sabre Headquarters building, a 265,942-square-foot, five-story office building in Southlake, Texas.
JLL represented the seller, a joint venture between Cawley Partners, Staubach Capital and PCCP, LLC, and procured the buyer, BDP Holdings. Additionally, JLL worked on behalf of the buyer to secure the 10-year, acquisition financing through Wells Fargo & Company.
Sabre, which is a leading software and technology company in the travel industry, has occupied the property as their headquarters since 2002. The LEED®-certified building was fully renovated in 2021 and offers in-demand amenities, including a full-service cafeteria, outdoor courtyard, fitness center and structured/surface parking for more than 1,100 vehicles.
The Sabre Headquarters is located at 3150 Sabre Dr. in the top performing Westlake/Grapevine office submarket of Dallas. This submarket boasts affluent demographics with an average household income of $270,000, an educated workforce where more than 67% of residents hold a bachelor’s degree or higher and proximity to Dallas Fort Worth International Airport. Rents in the Westlake/Grapevine office market continue to climb, seeing an increase of more than 14% since 2017.