A development site has been acquired by Oncor, consisting of approximately 4.5 acres located at 257 South Riverfront Boulevard in Dallas. The asset encompasses a total square footage of 196,020 and is strategically positioned near Downtown Dallas at the intersection of Commerce Street and Riverfront Boulevard. This acquisition is poised to support the increasing power demands of the area as new development continues.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not specified
• Square Footage: 196,020
• Acres: 4.5
• Address: 257 South Riverfront Boulevard
• Market: Dallas
• Buyer: Oncor
• Seller's Representatives: Cullen Finnegan & Patrick Hunt - Trinity Southwest Commercial Real Estate; Henry Knapek - Transwestern

The acquisition's intent is to develop a new electrical switching station, which will address the increased electrical infrastructure needs arising from the ongoing growth in Downtown Dallas and its surroundings. Patrick Hunt and Cullen Finnegan from Trinity Southwest, together with Henry Knapek from Transwestern, played a pivotal role in representing the seller throughout this transaction.