Shorenstein Investment Advisers acquired Sherry Lane Place, a 300,000-square-foot Class AA office tower in the Preston Center submarket of Dallas, Texas. The acquisition marks Shorenstein’s fourth acquisition in Dallas over the past two years.
Sherry Lane Place is a 20-story, Class AA office tower located in Dallas’ premier Preston Center submarket. The Property recently underwent a comprehensive renovation, including upgrades to its conference facilities, tenant lounge, café and fitness center. Sherry Lane Place is 93% leased as of closing to a diverse roster of institutional tenants, with a weighted-average lease term of approximately 6.6 years.Â
Shorenstein plans to add wellness amenities and a bar lounge, enhance the lobby, and upgrade outdoor seating areas.
Since June 2024, Shorenstein has acquired 13 office properties totaling approximately $2 billion. Combined, the office properties acquired as of June 2026 produced an average distribution yield of 8%.Â
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