The Luminary
The Luminary
NHK Capital Partners is pleased to announce our latest investment offering, The Luminary. NHK is partnering with one of the most prominent office developers in Dallas, Harwood International, to acquire the Luminary. The Luminary is a new office building completed in 2019, providing 169k square foot of Class AA creative office space in the West End district of Dallas CBD. As the tallest building in the west end, wrapped in classic brick, exposed concrete, and a generous use of 14 foot floor-to-ceiling SageGlass that brings the outside in for its occupants creating breathtaking views, it is clearly a standout property. This NHK-Harwood partnership is under contract to acquire the Luminary from an end-of-term real estate fund. Current inflationary pressure is driving up materials and labor costs, increasing the risk profiles of the new ground development. We are targeting the acquisition of the Luminary as a risk-adjusted investment opportunity for investor’s capital during a tumultuous inflationary environment.
The historic West End CBD district in Dallas is trending with TAMI tenants (Technology, Advertising, Media, Information), and this building was built by creative tenants, for creative tenants. The Luminary is currently 67% leased, held by two institutional-grade tenants. Rent revenues have experienced a 35% growth for Class AA office space since 2015. Strategically, we look to leverage Harwood’s strong brand recognition and leasing operations to reach a stabilized occupancy rate (93% or higher) within 24 months from acquisition of the Luminary.
Contact Us Today!
Are You An Accredited Investor?
To qualify as an “accredited investor” you must:
- Have an individual income of more than $200,000 per year, or a joint income of $300,000 with your spouse, in each of the last two years and reasonably expect to maintain the same level of income for the current year, OR
- Have a net worth exceeding $1 million, either individually or jointly with your spouse, not including your primary residence.
At this time, we are only able to show project information online to accredited investors.