Landmark Dallas Design District property sells to investors
One of the most prominent properties in the Dallas Design District has been sold to an investor who has played an important role in the neighborhood.
The award-winning International on Turtle Creek showroom and office complex on Irving Boulevard has been purchased by Dallas’ Quadrant Investment Properties.
It was built in 1949 as a parts warehouse for International Harvester and is one of the largest and most successful renovation projects in the Design District.
In 2005, the sprawling warehouse along Irving and Turtle Creek Boulevard was converted into a modern home for furnishing, creative and design firms.
Quadrant bought the building from Stockdale Investment Group in Dallas, which bought the 155,000 square foot complex in 2016.
“We are very excited to have an iconic piece of The International history,” said Quadrant founder Chad Cook. “It’s a unique canvas with short term and long term potential.
“We have plans for the project that we hope to complete in the first quarter of next year.”
Quadrant made the acquisition in a company with Federal Capital Partners in Maryland.
J. Scott Lake and Jake Milner from Davidson & Bogel Real Estate represented buyers in the property sale that was just completed.
Dallas architect GFF designed the iteration of International on Turtle CreeK for original developer Jim Lake Cos.
Parts of the building were demolished to create an open space through the center of the remaining complex.
Quadrant recently made acquisitions for planned developments in the Design District. Previously, about a dozen buildings in northwest downtown Dallas were purchased for renovation. Most of the properties Quadrant already owns are on Manufacturing and Levee Streets and Irving Boulevard near the Trinity River.
It is planned to convert the buildings into a combination of commercial real estate uses.
The International on Turtle Creek is home to furniture, design and creative companies.(JIM MAHONEY / 120991)