One Main Place, a 33-story office high-rise located at 1201 Main Street in Dallas’ Central Business District, is under new ownership according to Elie Khoury, President and CEO of the New Orleans-based KFK Group. Designed by world renowned architectural firm Skidmore, Owings & Merrill, One Main Place is considered to be a longtime landmark of the downtown Dallas skyline.

One Main Place

The previous owner acquired the building 1998 and defaulted on $69 million in debts. The building is less than half occupied.

Surrounded by Main, Elm, Field, and Griffin Streets, the iconic building offers 1,010,193 square feet of office space; 65,000 square feet of retail space; and a 20,000-square-foot recessed plaza that connects One Main Place to downtown’s pedestrian tunnel network. The tunnel network spans 36 city blocks and connects buildings, parking garages, and parks.

“We are very excited to be a part of the continued re-development of the historically office based downtown Dallas area, downtown now encompasses an amazing mix of arts, parks and residential buildings, transforming it into a live, work, play environment,”said Khoury in a statement.

“One Main Place is a well-located, quality building and we are pleased to have been awarded the property management assignment,” said JLL Property Management Executive Vice President Joel Austin. “The property has several on-site amenities, and we hope to complement and enhance the tenant experience starting on day one.”

Photo credit: Wikipedia user Daniel Lobo