Challenge
Mallick Tower is a Class B office building located just outside Downtown Fort Worth. Like many office assets across DFW, the building faced occupancy and income challenges following the post COVID market disruption. By 2022, Mallick Tower’s net operating income (NOI) had fallen significantly, driven largely by occupancy dropping to approximately 70 percent. The building risked prolonged under performance despite its strong location and physical attributes.
Only the combined,…