|Last Updated Date||19 Mar 2020|
400 North Ervay was originally constructed in 1930 to house various branches of the Federal Government. The building has been home to The Federal Court System, The Federal Bureau of Investigation, and remains home to the United States Post Office for Downtown Dallas. In 2011, the building underwent a complete renovation by restoring the Property and converting the historic office spaces to luxury apartments. 400 North Ervay has an unrivaled urban location providing residents with walkable access to Downtown Dallas’ most high-profile amenity base. Boasting a walk score of 93, the Property enjoys the benefits of a true live-work-play location, with all the standards of high-quality urban living just minutes from its doorstep. Positioned along Bryant Street in the heart of Downtown Dallas, 400 North Ervay provides residents direct access to some of the areas major thoroughfares including US-75/I-45, Dallas North Tollway, and I-35E. Additionally, the Property offers a true transit-oriented destination being walking distance to all four DART lines via St. Paul Station and only a few blocks from the M-Line Trolley, which offers free daily travel to Uptown and Downtown Dallas.
- Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase 400 North Ervay (the “Property”), a magnificently re-purposed United States Post Office and Federal Courthouse that consists of 78 apartment units and 11,745 square feet of commercial space.
- 400 North Ervay is located in the heart of Downtown Dallas, the largest employment center in North Texas with more than 135,000 employees, four fortune 500 companies, and a variety of retail and dining options. The Property benefits from having an affluent, renter-by-choice tenant-profile with a median income of approximately $110,000 and average age of 39 years old. 400 North Ervay provides investors with the rare opportunity to acquire a core, historic luxury asset at a significant discount to replacement cost with first-class amenities and excellent accessibility in the heart of Downtown Dallas.
Senior Managing Director, Capital Markets Multi-Housing Group Leader
Senior Managing Director, Multi-housing Platform Leader
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