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1401 Ervay

1401 S. Ervay, Dallas, Texas

Total SF: 56,880 SF

Property Type: Office/Warehouse/Multifamily

Date Acquired/Sold: October 2013 – October 2014

Investment Summary: This historic 5-story building in downtown Dallas was originally built in 1903 as a candy manufacturing plant. Over the building’s lifetime it was owned by an ice cream cone producer, by Keebler, and eventually Skywalker purchased it from the family of an NBA star with the intent to convert the project into a multifamily project. Upon acquisition the building was completely vacant and dilapidated, failing to meet health and safety standards. Prior to beginning construction Skywalker sold the project to a redevelopment company, creating an attractive short-term gain without taking on the redevelopment risk. Currently 1401 Ervay is being redeveloped into upscale loft apartments.

255 N. Center Street | Suite 200 | Arlington, TX 76011 | 817.226.5000