Cawley Partners, Waterwood Capital Group And RREAF Holdings Acquire 400,000 SF Mixed-Use Asset In Dallas From Oaktree Capital Management
3102 Oak Lawn Avenue
Building Size
400,000 SF
Asset Type
Mixed-use
Closing
Sep 9, 2026
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 3102 Oak Lawn Avenue in Dallas, TX. It encompasses 400,000 square feet of space, and the transaction highlights significant investment in the property's infrastructure and leasing capabilities.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Square Footage: 400,000
- Address: 3102 Oak Lawn Avenue
- Market: Dallas, TX
- Buyer: Cawley Partners, Waterwood Capital Group, RREAF Holdings
- Seller: Oaktree Capital Management
- Investment Plans: $7 million in upgrades
- New Leases: Approximately 100,000 square feet
Bill Cawley of Cawley Partners has increased his stake to become the controlling partner in this acquisition, collaborating with Clayton Isom and Peter Buell from Waterwood Capital Group, as well as Kip Sowden from RREAF Holdings. The seller of the property is Howard Marks of Oaktree Capital Management.
Players
Mechanicsville Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93