DALLAS, TX – Cawley Partners and Staubach Capital have purchased the Sabre Corporation offices located at 3120 and 3150 Sabre Drive in Southlake, Texas. The campus is comprised of two buildings totalling 475,000 square feet of Class A office. Sabre Corporation, a leading software and technology company for the travel industry, has signed a 12-year lease for the entire 265,000-square-foot Building A and entered into a short-term lease for the 210,000-square-foot Building B.
The Work From Anywhere trend has proven not only possible but preferable for many employees at Sabre. In light of Sabre’s shifting workforce, their need for nearly half a million square feet of office space has lessened. Cawley Partners and Staubach Capital jumped at the opportunity to purchase their campus in the ever-growing Southlake submarket. With Sabre retaining over 265,000 SF long-term, there will be roughly 210,000 RSF (one entire building) available for lease in 2022.
Beginning in Q1 2022, Cawley Partners plans to fully renovate Building B and add a full suite of upscale amenities, including meeting rooms, a fitness center, locker rooms, food service, and outdoor gathering spaces. “We are really excited about being in Southlake. With Charles Schwab, Microsoft and Robinhood growing in the area, we anticipate additional growth and demand for Class A space in the submarket,” commented Kristi Waddell, VP of Leasing at Cawley Partners.
3150 Sabre Drive will be managed and leased by Cawley Partners. For leasing inquiries, contact Kristi Waddell at [email protected].
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About Cawley Partners
Cawley Partners is a full-service Dallas-based commercial real estate company focused on building partnerships through developing, investing, managing and leasing office buildings. Since 1996, the Company has experience with more than 12 million square feet of development and acquisition projects. The developments include office, retail, and industrial and have ranged from speculative to build-to-suit corporate headquarters. For more information please visit www.cawleypartners.com.
About Staubach Capital
Staubach Capital is a real estate investment firm based in Dallas, TX focused on the acquisition, development, and repositioning of real estate assets in core markets. Staubach invests in assets we know in markets we understand, focusing on opportunities where our resources create competitive advantages and the opportunity for above-average returns. For more information please visitwww.staubachcapital.com.
About Sabre
Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveller experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre’s technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com
