New Jersey-based real estate investment company BDP Holdings recently announced that it had completed its acquisition of the Sabre headquarters building in Dallas-Fort Worth — its first foray into the metroplex office market. Fortune 1000 travel technology company Sabre will remain the sole tenant of the property through 2032.
A JLL Capital Markets team worked on behalf of the seller to procure the buyer — a joint venture of Dallas investors Cawley Partners and Staubach Capital, with California-based Pacific Coast Capital Partners — as well as to arrange financing for the deal.
Located within the Westlake DFW submarket, the five-story Southlake building at 3150 Sabre Drive incorporates nearly 270,000 square feet of Class A, suburban Fort Worth office space. Sabre has occupied space in this building, as well as in the neighboring edifice, since 2002.
“The Sabre Headquarters acquisition is very exciting,” said BDP Holdings Principal, Dennis Lim. “The building is 100% leased to the Sabre Corporation, a historic industry leader, whose revenue only continues to grow substantially. Additionally, the Dallas-Fort Worth area, with its leading pro-business environment, continues to thrive as the country’s fastest-growing metro. We are very happy to have reached an agreement that benefitted all involved.”
The Dallas-California investor group venture acquired the Sabre headquarters building in 2021 and subsequently embarked on an extensive renovations program. The property is now LEED-certified and features amenities including a full-service cafeteria, a fitness center, an outdoor courtyard, and both structured and surface parking that can accommodate more than 1,100 vehicles.
Last year, Sabre consolidated its operations at the 3150 Sabre Drive property, which is the larger of the two buildings on the lot. It also signed a new, long-term lease for the space, which expires in 2032. Notably, 3120 Sabre Drive was not part of the recent BPD Holdings acquisition.
According to The Dallas Business Journal, Sabre is one of the largest employers in Southlake and among the key building blocks for the city’s strategy to become a corporate magnet in Tarrant County. The dynamic submarket aims to capitalize on the Dallas-Fort Worth region’s successful standing as a national leader in population and employment growth and has reportedly decided to prioritize office development. Its remaining major tracts of buildable land amount to a high-potential corridor along State Highway 114.
Other Fortune 1000 corporate entities with a presence in the Southlake/Westlake submarket include Deloitte, Charles Schwab, Fidelity Investments and TD Ameritrade.
Looking to lease office space to move or expand your business in a Texas market? Select any location from the list below to check out the local listings!