DALLAS – Jan. 29, 2024 – The Sason Organization, a New York and Miami-based real estate investor, announces the successful completion of a $2.5 million renovation project to its Dallas-area office properties, Cascade One and Two, located at 104 and 106 Decker Court in Irving, Texas.
Sason, a privately controlled real estate investment firm with a proven record of transforming office assets, acquired the properties in the fourth quarter of 2022, marking its first Dallas-area purchase. Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, Senior Vice President Chase Lopez and Senior Associate Patrick Cruz, provide leasing services for the buildings.
“Having acquired and repositioned 14 boutique office properties throughout the U.S. over the past three years, the execution at Cascade One and Two represents a particularly gratifying achievement for our firm,” said Ari Sason, Principal of Sason Organization. “The opportunity to invest in this prime, unique location known for its dynamic mixed-use environment is a strategic move that aligns perfectly with our vision of revitalizing real estate in areas experiencing growth in excess of the general market. The renovation process has allowed us to modernize and significantly elevate the experience across the two buildings, creating a workplace where employees and corporate leaders alike actually want to be.”
The comprehensive renovation project transformed the 97,218-square-foot office complex into a state-of-the-art business hub. The revitalized spaces now boast new lobbies and common areas, outdoor activation by way of a connecting lounge, a collaboration and event space, a state-of-the-art athletic club, and upgrades to the exterior, which includes balconies with scenic views of the Las Colinas Country Golf course, underground covered parking and upgraded landscaping.
“It’s been exciting to have witnessed The Sason Organization’s vision turn into reality,” said Lopez. “Now that the complex transformation is completed, we have experienced considerable interest from new tenant demand and existing tenants expressing interest in extending their office leases.”
Cascade One and Two are located off Highway 114 and North O’Connor Boulevard in Las Colinas and offer direct access to the Dallas/Fort Worth International Airport. Las Colinas is home to several Fortune 500 companies, including McKesson, Kimberly-Clark, Fluor and Vistra Corp. It is within a one-mile radius of convenient locations such as banks, dining experiences, gyms and fitness studios. Upon completion of the renovations, the complex is 66% percent leased, with anticipation of the buildings being 80% leased at the end of the first quarter, given the current lease negotiations.
“Driven by job growth, tenant demand and strategic proximity to the Dallas/Fort Worth International Airport, the Las Colinas submarket witnessed a boost in activity in 2023 and is posed for continued strength, attracting both businesses and residents,” said Cruz. “We anticipate sustained and robust tenant demand in the years ahead.”
For leasing information at Cascade, contact Stream Dallas at 214.267.0400.
About Sason Organization
Sason is a privately-owned real estate investment firm with offices in Miami and New York City. Sason invests across real estate asset classes thematically, with a focus on emerging US markets. The firm’s principals have an extensive track record of success across investment and portfolio management, capital markets, development and principal construction. Sason has completed $1B of transactions over the last decade across real estate, public and private market opportunities.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of services, including leasing, Legendary CX property management, tenant and landlord representation, capital markets, investment management and sales, development, construction management, national program management, workplace strategies, strategic marketing and dedicated research. The company is headquartered in Dallas and operates 15 core offices in markets that cover areas including Alexandria, VA; Arlington, VA; Atlanta; Austin, TX; Boca Raton, FL; Charleston, SC; Charlotte, NC; Chicago; Colorado Springs, CO; Dallas; Denver; Fort Lauderdale, FL; Fort Worth, TX; Greenville, SC; Houston; the Inland Empire; Irvine, CA; Los Angeles; Miami; Nashville, TN; Orange County, CA; Phoenix; Raleigh-Durham, NC; Reston, VA; San Antonio; Tysons; Washington, D.C.; and South Florida. Since 1996, Stream has grown to more than 1,400 professionals and now completes more than $8.8 billion annually in office, industrial, retail, healthcare, land and data center transactions. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.