Upon acquisition by The Blackstone Group, Solana Business Park will undergo a significant modernization makeover, looking to lure potential big-ticket tenants. The property upgrades will total around $60 million, according to a recent story by the Dallas Business Journal.
"The 233-acre business park straddling State Highway 114 in Westlake and Southlake — iconic for its colorful architecture that stood out in what was once a country setting — is undergoing construction to transform the late 1980s landmark into a modern corporate beacon, said Brian Driesse, director of asset management of Equity Office Properties, an affiliate of New York-based Blackstone Group," the story said.
“One thing that stood out was the colors,” Driesse told the Star-Telegram. “At the time, there wasn’t much around it.”
"Much has changed over the years as IBM terminated its lease in 2003 and the project's loans defaulted in 2009. The business complex went into foreclosure in 2014," the Star-Telegram continued.
Renderings of the new renovations can be seen above, courtesy of DiscoverSolana.com
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