Our friends at North Dallas Commercial Real Estate Co. recently weighed in with how commercial property remodels differ from deciding on how to renovate a home or garage area. Since these commercial real estate pros specialize in finding office spaces and fixing them up, we figured it wouldn't hurt to get their take. Their recommendations and advice is as follows:
Yes, the commercial property market is recovering, and in areas like Dallas, Atlanta, Charlotte and Phoenix it has never been hotter. Despite this, it's not a situation to enter into lightly and your financing should be in place before attempting to acquire a fixer-upper.
Whole Foods Remodels Addison Shopping Center
In a recent blog post on the Best of North Dallas (BOND) directory, it was noted that the commercial renovation of the southeast corner of Beltline and the North Dallas Tollway was completed. And it looks much better than it did when the lot was occupied by a desolate Bed Bath and Beyond eyesore. Currently, the area is undergoing a major commercial renovation and has added several new clients, including:
Since our office is located near by, we plan to check out the renovations very soon. Whole Foods essentially moved from their long time location on Coit Road just south of Beltline to a more high-traffic area. Anyone who went in the Richardson store could tell it was on its last legs for several years and the Addison store is a much-welcomed addition. No plans have been set for the Richardson shell store.
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