Bluebonnet Tower

246,700 SF of Office space available at 748 Memorial Dr, Lubbock, TX 79401. For Lease through Cornerstone Brokerage.

For LeaseStatus

246,700 SFAvailable

$24.38/SFAsking rent

1974Year built

BClass

Property facts

Property type	Office
Building class	B
Rentable area	246,700 SF
Available	246,700 SF
Stories	11
Year built	1974
Renovated	2019
Typical floor	22,427 SF
Lot size	1.45 acres
Parking ratio	2.1/1,000 SF
Zoning	O-2
Parcel ID	86-533-7279
Submarket	Lubbock
Market	Lubbock
Days on market	56
Walk Score	78
Transit	Bus 1 block
Listing package	Basic

Building amenities

Signage, Property Manager on Site, Food Service, Bike Storage, Concierge, EV Charging, Fitness Center

Spaces available

Floor	Use	Type	Size (SF)	Asking rent	Term	Status
P 9th	Office	Sublet	10,950 – 49,370	$26.46/SF	Thru Mar 2030	Vacant
P 8th	Office	Direct	88,480	$24.89/SF	Negotiable	Vacant
P 7th	Retail	Direct	39,280	$23.94/SF	Negotiable	Oct 2026
P 10th	Office	Direct	7,200 – 19,610	$26.23/SF	Thru Mar 2030	Vacant
P 8th	Retail	Direct	10,800	$20.49/SF	Negotiable	Vacant
P 10th	Office	Sublet	2,700 – 18,390	On request	Thru Sep 2032	Nov 2025
P 11th	Retail	Sublet	3,610 – 7,600	On request	Thru Dec 2028	Vacant
P 8th	Office	Direct	920 – 4,410	$27.77/SF	Negotiable	Vacant
P 2nd	Off/Ret	Direct	2,160	On request	Negotiable	Vacant
P 10th	Office	Direct	1,220	On request	Negotiable	Vacant
P 2nd	Medical	Direct	670 – 1,950	On request	Thru Mar 2030	Vacant
P 5th	Office	Direct	940	On request	Negotiable	Vacant
P 6th	Office	Direct	460 – 950	$20.68/SF	Negotiable	Vacant
P 7th	Office	Direct	70 – 580	On request	Negotiable	Vacant
P 10th	Office	Direct	500	$23.31/SF	Negotiable	30 Days
P 2nd	Office	Direct	50 – 500	$26.61/SF	Negotiable	Vacant
P 9th	Medical	Direct	260 – 500	$23.35/SF	Negotiable	Sep 2026
P 9th	Retail	Direct	170 – 500	$21.67/SF	3-10 Years	Jan 2027

Sale history

Date	Price	$/SF	Cap rate	Buyer	Seller
2022-04-23	$41.64M	$168.80	8.13%	Ironwood Capital Partners	Zenith Real Estate
2021-02-04	$29.39M	$119.13	5.75%	Westbrook Equities	Potomac Realty Trust
2020-10-26	$12.13M	$49.18	6.73%	Dunmore Equities	Lone Star Property Trust

Public record

Owner of record	Passaic Valley Holdings LLC
Assessed value	$39.4M
Land value	$10.55M
Improvement value	$28.85M
Annual tax	$395K
Tax year	2026
Lot size	63,162 SF
Last deed	2024-05-09
Deed type	Special Warranty Deed
Legal description	LOT 11 BLK 288 LUBBOCK ADDN

Location

748 Memorial Dr
Lubbock, TX 79401
Lubbock submarket · Lubbock market

33.60924, -101.87082

Open in RealStar

Listing package

Basic — Standard placement below paid listings.

Free listing on RealStarGlobal.com with core building facts, six photos and direct broker contact.

Compare packages →

Similar office properties in Lubbock, TX

1459 University AveLubbock, TX · Office · Class A120,400 SF available$25.64 – $31.22/SF/yr FS

Century BuildingLubbock, TX · Office · Class B1,900 SF available$20.60 – $25.07/SF/yr FS

Brazos TowerLubbock, TX · Office · Class B143,600 SF$22.03 – $26.82/SF/yr FS

Legacy GatewayLubbock, TX · Office · Class A137,300 SF available$25.46 – $31.00/SF/yr FS

Explore this market

Office for lease in Lubbock Office for sale in Lubbock All CRE in Lubbock Lubbock market report Lubbock brokers Office Spaces nationwide

Property-level inventory shown here is RealStarGlobal sample data generated for product demonstration; live market activity, deal flow and news are sourced from the Acquirepad CRE intelligence feed and the public registries listed in the data sourcing plan.