After a competitive financing process, Dallas County selected Serra Real Estate as its financial partner for its new Oak Cliff Government Center. Serra acquired vacant land underlying the building and parking garage and provided $26.9 million in funding under a 10-year lease term with a discounted purchase option, ensuring the county’s financial flexibility.
As the project advanced, Serra was named the project’s developer due to its ability to navigate project complexities, tight timelines, and due diligence requirements. Serra collaborated with general contractor the Ryan Companies, project architect GFF and local subcontractors, including minority- and women-owned firms. In alignment with sustainability goals, solar panels will soon power the building.
Located one approximately 2 acres at 702 E. Jefferson St., the 43,000-square-foot, LEED Silver-certified facility was completed in just 17 months. Today the $33 million Oak Cliff Government Center serves as a vital hub for essential county services, housing the County Commissioners, Justice of the Peace, Truancy, Constable, and Tax offices and an adjacent three-story parking garage with 240 spaces, connected via a pedestrian bridge to ensure convenient access for visitors.
The project reflects Serra’s commitment to sustainable development and its ability to craft tailored real estate solutions while maintaining fiscal responsibility. This project is just one of five Dallas County buildings Serra has financed, built, and managed, reinforcing their role as a trusted partner in meeting the region’s evolving needs.
Learn how Serra’s approach can optimize your development from start to finish.
Service:
Location: Dallas, Texas
Project Size:
Project Cost:
Project Status: Completed
We specialize in providing tailored solutions for government and corporate clients, from project conception and financing to development and asset management.
