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Comprehensive, Equity-Level Due Diligence at Dallas Office Tower

Project Location 
Dallas, TX
Woodbine Development
Completion Date 
Friday, March 1, 2019
Advancial Office Tower in Dallas TX

About the Project

On behalf of our client, Woodbine Development, Partner performed a full suite of equity-level, pre-acquisition due diligence assessments at the office building known as Advancial Tower in downtown Dallas. Built in 1984, the 17-story, 147,116-sf building will be renovated to become the headquarters of First United Bank, a regional bank with branches throughout Oklahoma and Texas.   

Partner’s scope included a Phase I Environmental Site Assessment; Zoning Report; ALTA Survey; MIC and Mineral Water Test; Hazmat Survey (lead, asbestos, universal waste); Asbestos Abatement Specification Plan and Operations & Maintenance Plan; and Lead Abatement Specification Plan and Operations & Maintenance Plan. We also performed an Equity Level Property Condition Assessment which included specialty evaluations of the following systems: HVAC, Plumbing, Electrical, Fire Alarm and Suppression, Vertical Transportation, Roofing and Building Envelope, and a detailed Accessibility Review.  

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