TXRE Properties is proud to share the results of a seven-year leasing and management assignment at Hillcrest Tower, a 168,254-square-foot office asset located at 12720 Hillcrest Road in Dallas, Texas. Since taking over the property in July 2019, TXRE Properties grew occupancy from 74.4% to 98%.
The most telling number came early. TXRE Properties brought the building to 90% stabilization within 14 months of onboarding — and rather than treating stabilization as the finish line, the team has continued to build on it for the six years since.
Key Highlights of the Assignment:
- Rapid Stabilization: Hillcrest Tower reached 90% occupancy within 14 months of TXRE taking over the assignment in July 2019.
- Sustained Performance: Occupancy has since climbed to 98% as of July 2026, a gain of nearly 24% over the life of the assignment — a period that includes the full disruption of the office market post-2020.
- Leasing Volume: TXRE Properties executed 79 leases totaling 204,800 rentable square feet, with individual transactions ranging from 652 RSF to 19,908 RSF. Across the assignment, that is more than the equivalent of the entire building leased over.
- Rental Rate Growth: Quoted rental rates rose from $19.00–$20.00 + E to $31.00 + E, an increase of roughly 60%.
- Leasing Strategy: Performance was driven by the strategic delivery of Class A spec suites and proactive direct-to-tenant outreach — meeting demand with space tenants could occupy immediately and sourcing those tenants directly.
Hillcrest Tower demonstrates what TXRE’s leasing platform delivers over a full hold period rather than a single push: fast stabilization at the front end, then the tenant relationships and retention discipline that keeps a building full through a difficult market cycle.
To learn more about leasing opportunities at Hillcrest Tower or TXRE’s approach to office asset management, contact our team.
