Austin, TX – Global real estate advisory firm, Avison Young, is pleased to announce that it has been retained by Thistle Creek Capital as advisor and broker for the sale of 211 North Ervay, a premier repositioning and adaptive reuse opportunity located in the heart of Downtown Dallas.

Avison Young Principal Mike B. Kennedy, Principal and Head of U.S. Investment Sales James Nelson, Principal U.S. Investment Sales Erik Edeen and Senior Vice President Sullivan Johnston are leading marketing efforts for the offering.

With strategic proximity to transit, arts and entertainment venues, and direct access to major downtown employment centers, the 184,793-square-foot, 18-story tower at 211 N. Ervay Street offers a rare opportunity to acquire a structure with significant redevelopment flexibility and existing entitlements. Originally constructed in 1958 as an office building and comprehensively renovated in 2014, the property is zoned CA-1, allowing for a wide range of uses including multifamily, hotel, hybrid hotel-apartments, and next generation office concepts. A portion of the ground level is long-term leased to 7-Eleven,

The offering is enhanced by the potential for substantial development incentives, including Historic Tax Credits and Low-Income Housing Tax Credits (LIHTC). These incentives could provide a powerful capital-stack advantage for investors pursuing adaptive reuse strategies (combined potential tax credits in excess of $30 million).

Michael Christensen, Partner at Thistle Creek Capital, commented, “211 North Ervay represents exactly the kind of urban asset we believe in—great bones, irreplaceable location, and multiple paths to long-term value creation. With the Convention Center expansion and continued downtown revitalization, we believe the property is in position for transformative redevelopment.”

“211 North Ervay is one of the most compelling conversion assets we’ve seen in the Dallas CBD,” added Kennedy. “Between adaptive reuse flexibility, adjacency to high-quality neighbors like the Joule Hotel and Santander Tower, the property is uniquely positioned to attract both institutional and entrepreneurial capital.”

211 N Ervay is just blocks from the Kay Bailey Hutchison Convention Center, which is undergoing a $3.7 billion expansion project, further strengthening demand for residential, hospitality, and mixed-use investment in the urban core. Downtown Dallas continues to attract significant public and private infrastructure investment.