The 60-story Comerica Bank Tower at 1717 Main Street is owned by a partnership headed by Dallasbased TriGate Capital. Now, Dallas Woods Capital is taking a large stake in the property alongside TriGate. Woods Capital affiliate Pacific Elm Properties will work with TriGate to add residential and hotel rooms to the office tower.
A nationwide construction company is the latest firm to land in downtown Dallas’ East Quarter development. Californiabased Swinerton Inc. is locating its Dallas operations in the 2200 Main building on the eastern edge of downtown. The construction company is taking a floor in the five-story building which was built in 1930. The 2200 Main address originally housed an automotive dealership. And in the 1940s, the brick Main Street building was the headquarters for aircraft maker Chance-Vought. Insurer Blue Cross and Blue Shield once had offices there, too. The building was acquired in 2018 as part of developer Todd Interests’ 20-acre East Quarter development located between Dallas’ old financial district and Deep Ellum.
Ray Washburne’s Charter Holdings has purchased the landmark Founders Square building on Griffin Street near the Kay Bailey Hutchison Convention Center. Built in 1915 as an office and warehouse for the Higginbotham-BaileyLogan Co. dry goods company, the building was converted into office space in 1984.
HN Capital recently purchased a prime development site in Dallas’ Design District on Hi Line Dr. The Dallas-based company who owns more than a dozen properties in the Design District acquired the block, which fronts Trinity Strand Trail.
• Arcadis signed a 17K SF lease at 300 Pearl in Downtown Dallas.
• Corgan expanded its lease at The Luminary by 17K SF to a total footprint of 98K SF.
• Jackson Walker expanded its lease to 17.8K SF at KPMG Plaza at 2323 Ross Avenue in Dallas.
• JLL is marketing for sale Landmark Center. The 131,320 SF building is 17% leased.
• Field Street Tower | 2012 N Field Street – a 529K SF class A office district (proposed)
• Field Street District – Phase I | 1100 McKinney Avenue – a 500K SF class A office tower (proposed)
• Field Street District – Phase II | 1012 McKinney Avenue – a 500K SF class A Office tower (proposed)
• One Newpark | 806 S Akard Street – a 500K SF class A office tower (proposed)
• 555 S Pearl | 555 S Pearl Expressway – a 486K SF class B office tower (proposed)
• 2500 Ross Avenue – a 425K SF class A office tower (proposed)
• Two Arts Plaza | 1900 Routh Street – a 283K SF class A office tower (proposed)
• Renaissance Tower | 1201 Elm Street – 622,880 SF
• Fountain Place | 1445 Ross Avenue – 589,268 SF
• Energy Plaza | 1601 Bryan Street – 400,000 SF
• Bank of America Plaza | 901 Main Street – 314,729 SF
• 1700 Pacific | 1700 Pacific Avenue – 270,822 SF
• Bryan Tower | 2001 Bryan Street – 226,975 SF
• Chase Tower | 2200 Ross Avenue – 193,203 SF
• Harwood Center | 1999 Bryan Street – 187,728 SF
• Comerica Bank Tower | 1717 Main Street – 148,025 SF
• East Quarter | 300 S Pearl Expressway – 136,245 SF
• One Main | 1201 Main Street – 115,410 SF
• Radiance Plaza | 1301 Young Street – 107,463 SF
• Common Desk signed a 23k SF lease at The Hill. The mixed-use development is located on the northeast corner of U.S. Highway 75 and Walnut Hill Lane.
• JLL is marketing Mockingbird Station for sale. The 192,979 SF building is 76.2% leased.
• CBRE is marketing 8750 NCX for sale. The 509,818 SF building is 70.9% leased.
• The Central – a 500K SF class A office tower (proposed)
• Energy Square 4 – a 400K SF class A office tower (proposed)
• The Shops at Park Lane – a 352K SF class A office tower (proposed)
• The Ivy – a 265K SF class A office tower (proposed)
• The Tower at Preston Hollow Village – a 260K SF class A office tower (proposed)
• Cityplace Tower – 283,489 SF
• 8750 NorthPark Central - 143,926 SF
• 8080 NCX – 133,793 SF
• Walnut Glen Tower – 101,392 SF
• One Lincoln Park – 91,477 SF
• Energy Square 1 – 85,868 SF
McCarthy Building Cos. has moved into a new regional headquarters from Dallas to the CityLine development at 3400 N Central Expressway in Richardson.
PDI Technologies renewed its 44.6K SF lease at International Plaza III, a 354K SF office tower in Dallas. The building, located at 14241 Dallas Parkway, is currently undergoing a major redevelopment that will include a new lobby, a conference center, a fitness studio, a café and hospitality areas. The renovations are expected to be completed by the second quarter of this year, according to the property’s website.
Out of more than 7M SF of offices being built in North Texas, a Frisco project stands out. It’s not the largest building. It’s not the tallest. But it is the only speculative office being built out of wood in Dallas-Fort Worth. The construction industry calls it “mass timber,” and it’s the latest trend in commercial real estate.
Developer Crow Holdings’ Southstone Yards office project on State Highway 121 is the first and largest mass timber office building going up in North Texas. The seven-story, 242K SF office is the initial phase of a 45-acre mixeduse development.
Children’s Health is growing its Collin County footprint with the purchase of a Plano office campus. The Dallas-based pediatric medical provider, which already has a major presence in Plano and Prosper, has acquired Dr Pepper’s former campus in Legacy business park.
One of Plano’s newest office addresses is already getting an upgrade. The 14-story Apex at Legacy building was completed in 2021 near the northeast corner of the Dallas North Tollway and Headquarters Drive. The building is across the tollway from the $3 billion Legacy West development. Before the first lease in the property was signed, it was acquired by a partnership of New York-based Monarch Alternative Capital and Tourmaline Capital Partners. Renovations to the first building have concentrated on the shared tenant areas, including the fitness center, tenant lounge and outdoor terrace.
A Dallas North Tollway tower is getting a major facelift to attract and retain office tenants.
The 13-story International Plaza III building was built in 2001 as the third and final building in the office campus just north of Spring Valley Road. Since 2021, the building has been owned by a partnership that includes Boston-based State Street Corp. and M-M Properties.
New owners of one of Addison’s largest office campuses are planning a major overall of the 1980s high-rise buildings. Spectrum Center, the 12-story, more than 600K SF office complex, was purchased by a joint venture of Acram Group and New York-based Oak Hill Advisors. The partnership purchased the property for $114.3 million and are now planning to spend $12.5 million on upgrades.
A 204K SF creative office and technology hub is headed for Plano. The four (4) building campus, known as Elevar, is being developed by Alvarez & Marsal Capital Real Estate to accommodate corporate, media, entertainment, technology, and research and development tenants, according to a news release.
Fisher Investments moved its headquarters from Washington state to Plano following a state Supreme Court ruling in Washington that upheld the constitutionality of a capital gains tax, the company confirmed Monday. In a one-paragraph announcement Friday, Fisher Investments said it relocated its corporate headquarters to Texas. The firm clarified in a statement Monday that while the tax decision alone doesn’t affect corporate headquarters, it is moving in what it calls an abundance of caution. It said the company’s new headquarters will be its Plano office at 6500 International Parkway in the International Business Park.
• Attigo Health renewed and expanded its lease to 13K SF at The Spectrum at 15301 Spectrum Drive in Addison
• NextAfter signed a 4,496 SF expansion at Lincoln Legacy Two.
• Meinhardt & Associates signed a 2.6K SF lease at Wellington Centre.
• Foundation Energy signed a 20.9K SF renewal at Liberty Plaza.
• Meeting Protocol signed a 6.7K SF renewal and 2.9K SF expansion at Tollway Towers North.
• Schultz & Associates signed a 2.5K SF lease at Tollway Towers North.
• Waterside Properties signed a 2.5K SF renewal at Liberty Plaza.
• Serendipity Labs signed a 24K SF lease at One Legacy West tower.
• Lucid Private Offices, formerly known as WorkSuites, has signed a 31K SF lease at International Business Park in Plano.
• Wells Fargo signed an 18K SF lease at The Star in Frisco.
• Global tech firm McAfee signed a 30K SF lease in the high-rise at 17 Cowboys Way.
• Blue Sky Bank signed a 10K SF lease at The Colonnade I at 15301 N Dallas Parkway in Addison.
• CBRE is marketing for sale Parkway Plaza I & II. The combined 136,506 SF is 70.8% leased.
• JLL is marketing for sale Bent Tree Green. The 139,609 SF building is 70.9% leased.
• The Li nk at Fields Frisco | Legacy Drive & PGA Parkway – a 2M SF class A office complex (proposed)
• IBP 190 | Highway 190 & Midway Road – Building 1,2,3 – a 1M SF class A office park (proposed)
• The Offices at The Gate | 4205 Dallas Parkway – a 1M SF class A office complex (proposed)
• 15555 N Dallas Parkway – a 504K SF class A office building (proposed)
• Tate + Toll | SEC of Warren Parkway & Dallas N Tollway – a 500K SF class A office building (proposed)
• Destination Drive A – a 500K SF class A office building (proposed)
• The Tower at Hall Park | 6605 Warren Parkway
– a 496K SF class A office building
• Legacy West Office Tower | NEC Windrose Avenue – a 450K SF class A office building (proposed)
• Parkside III in Legacy Drive – a 440K SF class A office building (proposed)
• Granite Park Six | 5525 Granite Parkway
– a 422K SF class A office building
• Two Legacy West | 7950 Legacy Drive
– a 414K SF class A office building (proposed)
• Ryan Tower | 8101 Windrose Avenue – a 409K SF class A office building
• TCC Legacy | 6200 Legacy Drive – a 406K SF class A office building (proposed)
• Legacy Union Three | Legacy Circle – a 328K SF class A office building (proposed)
• 6301 Headquarters | 6301 Headquarters Drive
– a 304K SF class A office building (proposed)
• The Star | Phase IV | 17 Cowboys Way
– a 299K SF class A office building
• Platinum Tower | 6899 Dallas Parkway
– a 275K SF class A office building (proposed)
• International Business | 6275 W Plano Parkway
– a 240K SF class A office building
• Southstone Yards | NEC Spring Creek Parkway & State Highway 121 – a 235K SF class A office building (proposed)
• Fourteen555 – South Building | 14545 N Dallas Parkway – a 239K SF class A office building (proposed)
• President George Bush Highway & N Dallas Tollway – a 200K SF class A office building (proposed)
• Plaza at Legacy II | 5465 Legacy Drive
– a 200K SF class A office building (proposed)
• IBP 19 | W Plano Parkway – a 187K SF class A office building (proposed)
• North Dallas Parkway and McCandless Way
– a 150K SF class A office building (proposed)
• Austin Ranch South | 5001 Plano Parkway
– a 150K SF class A office building (proposed)
• The Enclave in Frisco | 6600 TX-121 – a 120K SF class A office building (proposed)
• 5400 Legacy Drive – 1,587,458 SF
• CALWest – 1,071,344 SF
• The Campus at Legacy – 500,864 SF
• 6100 Legacy Drive – Reata Pharmaceuticals – 327,396 SF
• 5600 Headquarters Drive –
• Point Energy Partners has renewed and expanded for 10,201 SF in 640 Taylor Street.
• CrossFirst Bank has signed a 9,806 SF lease at 100 Throckmorton Street.
• Texas Capital Bank has expanded and signed a lease for 2,696 SF at 100 Throckmorton Street.
• 307 W 7th St. – a 283,618 SF class B office building.
• 500 W 3rd St – a 234,039 SF class B office building.
• 804-812 W Weatherford St. – a 15,250 SF class B office building.
• 1401 Henderson St. – a 12,776 SF class B medical office building.
• 801 Cherry Street | Burnett Plaza – 268,145 SF class A vacancy.
• 777 Main Street | 77 Main – 198,356 SF class A vacancy.
• 307 W 7th Street | The Star-Telegram Building – 139,820 SF class B vacancy.
• 301 Commerce Street | Bank of America Tower – 105,584 SF class A vacancy.
The Texas A&M University System Board of Regents on Thursday almost doubled the construction budget—from $85 million to $150 million—for Phase One of the Texas A&M-Fort Worth urban research campus. Responding to greater-thanexpected demand for space in the Law & Education Building, the Regents authorized approximately 225,000 gross square feet—an estimated nine floors to house programs in law, engineering, business and health sciences, among others. “There is so much opportunity for the Texas A&M System to serve Fort Worth, Tarrant County and all of North Texas, we had to go bigger and taller in the first building,” said Chancellor John Sharp. The Law & Education Building is to be the first of a three-building complex built on four city blocks in southeast downtown as a joint effort with the city of Fort Worth and Tarrant County to spur business growth and economic development. The other two buildings will be a public-private sector project built with city-issued bonds secured by lease payments from the Texas A&M System and private sector companies who want to co-locate with university and agency researchers. The vision is to create a hub of collaboration between key Fort Worth industries and top research, education and workforce training assets of the Texas A&M System. Texas A&M University’s School of Law, which has doubled its enrollment since 2019 to approximately 1,200 students, will occupy about half of the Law & Education Building. The construction will be financed with the Permanent University Fund and other System monies. As part of Thursday’s vote, the Regents authorized $15 million of the $150 million construction budget for design and pre-construction services. As early as May, the Board could be asked to give the final authorization for a groundbreaking.
In other action, the Board approved: $35 million for Phase 1 and $75 million for Phase 2 of the construction of a new dock and infrastructure for an oceangoing training and research ship for the Texas A&M Maritime Academy. The larger dock must be built to provide safe mooring of the vessel in Category II hurricanes. A new bachelor’s degree program in journalism at Texas A&M and authorized the university to seek the approval of the Texas Higher Education Coordinating Board. Increasing the cost of the Engineering Classroom and Research Building at Texas A&M University at Galveston by $6 million to $50,992,125. Early procurement of machinery and materials for Tarleton State University’s $110 million convocation center to address supply chain delays.
A new $15.1 million Nuclear Engineering Education Building that will consolidate research faculty and labs for Texas A&M Engineering Experiment Station in College Station. $6.4 million to construct a Propulsion Test Facility at Texas A&M Engineering Experiment Station’s Turbomachinery Lab Project in College Station.
A Las Colinas office tower has changed hands. The Crestview Tower is located near State Highway 114 in Irving. The 12-story building includes almost 270K SF of space and was built in 1982. Since 2014, the building has been owned by CapRidge Partners. It was bought by an investment group that includes an affiliate of Dallas’ Reserve Capital Partners. Southside Bank provided funding for the transaction.
University of St. Augustine for Health Sciences is moving its Irving campus to more than 55K SF of space in the VariSpace office campus on State Highway 114. The new tenant has plans to grow the operation by about 50%.
Construction crews are closing in on completion of one of Irving’s largest corporate headquarters projects. The 15-story office tower for Christus Health is the first new high-rise office project in more than three decades in the Las Colinas Urban Center. When the building opens this fall, almost 2,000 employees with the faithbased, not-for-profit health system will move into the tower.
• Team Car Care renewed its 12K SF lease at Crestview Tower, 105 Decker Court in Las Colinas.
• Lightbeam Health Solutions signed a 30k SF lease at 2999 Olympus tower in Cypress Waters.
• Colliers is marketing for sale One Panorama Center. The 208,450 SF building is 71% leased.
• Cushman & Wakefield is marketing for sale 4200 Regent. The 164,375 SF building is 36% leased.
• Cushman & Wakefield is marketing for sale Corporate Point at Las Colinas. The 223,498 SF building is 100% leased.
• Project Blue Star – a 2M SF class A office park (proposed)
• Freeport Commons – a 1.2M SF class A office park (proposed)
• 750 W John Carpenter Freeway | Phase II – a 330K SF class A office building (proposed)
• 3300 Olympus – a 300K SF class A office building
• 9650 Locke Street – a 279K SF class A office building (proposed)
• Royal Tower | 1101 W Royal Ln – a 275K SF class A office building (proposed)
• 9100 Cypress Waters Boulevard | Building D – a 250K SF class A office building (proposed)
• Mercer Business Park – a 200K SF class A office building (proposed)
• Las Colinas Corporate Center III – a 200K SF class A office building (proposed)
• Exxon Mobil HQ - 379K SF
• 6000 Connection – 292K SF
• Horizon Way Business Park – 287K SF
• 8900 Freeport Parkway – 268K SF
• One MacArthur Ridge – 250K SF
• Regent Commons – 215K SF
• Intellicenter Dallas – 190K SF
• Browning Place III – 171K SF
• Las Colinas Commons – 152K SF
• Freepoint 9 Office Center – 153K SF
• 8000 Bent Branch Drive – 149K SF
• 6031 Connection Drive – 139K SF
Piedmont is now planning to spend more than $9 million on upgrades to the galleria buildings along Noel Road. The project includes “construction of new steel and glass entry canopies at existing Galleria Towers,” according to planning documents filed with the state. “Project also includes new paving, landscape, hardscape, site lighting and some replacement of existing storefronts.”
• Chubb Insurance signed a new 50K SF lease at Lincoln Centre.
• Freese and Nichols signed a 27,536 SF lease at Park Central 8.
• CBRE is marketing for sale NCP I. The 204K SF building is 79.4% leased.
• Park Heritage I & II – a 1.15M SF class A office park (proposed)
• Four Lincoln Centre – a 400K SF class A office building (proposed)
• Park Tower at Dallas Midtown – a 377K SF class A office building (proposed)
• The Inwood at Alpha West – a 330K SF class A office building (proposed)
• 7171 Forest Lane – 180K SF
• Park Central 8 – 173,744 SF
• One Lincoln Centre – 100,501 SF
• Pinnacle Tower – 98,412 SF
• Northpoint Plaza II – 92,694 SF
• Three Galleria Tower – 89,208 SF
A Houston investor has snapped up an Arlington office tower. The Brookhollow Riverside office building is on State Highway 360 between Interstate 30 and Airport Freeway. Built in 1984, the almost 120K SF building was sold by Arlington-based SkyWalker Property Partners. The building was acquired by a company headed by Howard Heald of Silver Creek Realty Advisors LLC. Brookhollow Riverside is about 90% leased. SkyWalker Property had owned the building since 2006. “We were fond of that asset,” SkyWalker’s Willian Welder said in a statement. “But it was the right time to sell. “In spite of general headwinds facing office properties, there is still strong demand for quality multi-tenant assets with a good amount of term remaining on leases, as was the case with Brookhollow Riverside.” Tom Strohbehn and Scott Farber of Younger Partners brokered the sale. SkyWalker Property also sold a McKinney office complex. Crescent Parc is a 61-unit, almost 6-acre medical and office condominium campus at 1400 N. Coit Road.
Spark, the coworking brand from Cordish, is set to move into the southeast corner of the repurposed Choctaw Stadium. Comprising 30K SF across two levels, the coworking space in Arlington, Texas, features both private and shared workstations; 61 private offices; 17 suites for up to seven people; meeting rooms for teams of up to 40 people; and event space for up to 150 people.
There’s also an on-site podcast studio and balconies that offer a view of the stadium field. Created as a collaboration space for both solopreneurs and small companies, the coworking provider has already secured membership from 23 companies even before officially opening. Members that have signed on include a digital marketing agency, a global engineering services firm and an event staff agency. As home to the Arlington Renegades (football) and the Dallas Jackals (rugby), amongst others, the stadium will continue to host sports events, including games from the XFL — another organization that has already signed on to be a member at Spark. In addition, the multi-use facility will also serve as the headquarters for Six Flags Entertainment and the Arlington Convention and Visitors Bureau within its 200,000 square feet of commercial office and retail space. Located between the Texas Rangers’ Globe Life Field and the Dallas Cowboys’ AT&T stadium, the new coworking space is part of Texas Live!, a $250 million entertainment district that opened in 2018 as a partnership between The Cordish Companies and Texas Rangers. The opening of Spark Arlington continues the momentum of a wider $1.25 billion vision for the Arlington Stadium district that includes the forthcoming National Medal of Honor Museum and One Rangers Way residential building. These new developments, which will be under construction soon, will join square feet of restaurants; a 5,000-capacity outdoor event pavilion; and a 300-room hotel and convention center — Live! by Loews. Today, Cordish is one of the most recognizable developers of upscale, mixed-use entertainment properties in the U.S., and Arlington will be Spark‘s fourth coworking location, but it’s not the first time the company has chosen the setting of a major league ballpark: Spark St. Louis, which opened in 2021, is part of the Ballpark Village — the sport-anchored, mixed-use development from parent company Cordish and the St. Louis Cardinals. Spark opened its first coworking space in the heart of downtown Baltimore in 2016. Its second location, Spark KC, opened in downtown Kansas City, Mo., in early 2021.
• Documation has signed a 19,371 SF lease at 220 Westway Place.
• Raymond James has signed a 7,436 SF lease at 115 Grand Avenue.
• Spectrum of Love has signed a 4,130 SF lease at 830-856 Greenview Drive.
• 500 S Nolen Drive – a 119,075 SF class B office building.
• 2225 E Randol Mill Road – a 87,411 SF class B office building.
• 1148 W Pioneer Parkway – a 74,031 SF class B office building.
• 500 S Nolen Drive – a 71,567 SF class B office building.
• 3301 Airport Freeway – a 69,595 SF class B office building.
• 601 State Street – a 160K SF class A office building
• 2710 E Lamar Boulevard – a 61.5K SF class A office building
• 395 S Kimball Avenue – a 13K SF class B office building
• 171 W Southlake Boulevard – a 11K SF class B office building apart of a 5 property portfolio
LARGE EXISTING VACANCIES
• 4333 Amon Carter Boulevard – 730,806 SF class A vacancy
• 4255 Amon Carter Boulevard – 547,384 SF class A vacancy
• 1900 W Kirkwood Boulevard – 245,781 SF class A vacancy
• 3120 Sabre Drive – a 172,144 SF class A vacancy
• 950 E State Highway 114 – 148,387 SF class B vacancy
• Iglesia Cristiana Genesis has signed a 5,834 SF lease at 3800 Sandshell Drive. [CS1].
• Undisclosed Tenant has signed a 2,843 SF lease at 305 NE Loop 820.
• A medical office user has signed a 2,794 SF lease at 4364 Heritage Trace Parkway.
• Servpro North Fort Worth has signed a 2057 SF lease at 10101 Hicks Field Road.
• 201 N Rupert Street – a 57,087 SF class A office building.
• 7001 Boulevard 25 – a 54,604 SF class B office building.
• 12600 Willow Springs Road – a 54,000 SF class A office building.
• 3400 NW Centre Drive – a 35,849 SF class B office building.
• 2801 Glenda Street – a 11,600 SF class C office building.
• 9810 Hillwood Parkway – a 135K SF class A office building
• Golden Triangle and Alta Vista Road – a 57K SF class B office building
• Alta Vista Rd & N Beach Street – a 48K SF class A medical office building
• 516 W Bonds Ranch Road – a 15K SF class C medical office building
• 13227 Old Denton Road – a 15K North Fort Worth
• 5555 N Beach Street – 163,283 SF class B vacancy
• 4600 Alliance Gateway Freeway – 140,000 SF class B vacancy
• 13650 Heritage Parkway – 67,715 SF class A vacancy
• 4700 Alliance Gateway Freeway – 47,644 SF class B vacancy
• SF class B office building
• 1242 FM 407 Road – a 10,157 SF class B office building
As one of the largest and fastestgrowing cities in the country, Fort Worth boasts many unique characteristics that add up to an especially fertile ground in which businesses can thrive. The low cost of real estate, an abundance of land available for development, solid foundations in various key industries and a diverse talent pool all play a role in Fort Worth’s economic success. One major project in the works is Panther Island, an ambitious development with huge potential. Brought about by the need for improved flood control along the Trinity River, the project will ultimately create more than 300 acres of urban waterfront property in the heart of the city. The $1.1 billion district will create additional opportunities for growth in downtown Fort Worth and its surrounding neighborhoods. Companies choose North Texas because they want a business-friendly environment that is rich in options, incentives and growth opportunities. In keeping pace with the region’s thriving industries and corporate relocations, Panther Island will help sustain that momentum for Fort Worth, bringing even more leading companies and top-tier businesses to Fort Worth, while driving additional development – and investment – in the region. Collaboration across industries and within the region has been instrumental to the continued success in North Texas. A great example of that cooperation is Alliance Texas, Hillwood’s 27,000acre, master-planned, mixed-use community in north Fort Worth. Hailed as one of the state’s most formidable economic engines, Alliance Texas has generated more than $100 billion in regional economic impact. Alliance Texas is also home to the Mobility Innovation Zone (MIZ), a unique testing ecosystem that combines strategic partnerships and infrastructure to allow pioneering mobility companies to test, scale and commercialize their innovations. The MIZ served as the testing location for Wing, Alphabet’s revolutionary commercial drone delivery service. In 2022, autonomous delivery company Clevon opened its U.S. headquarters in Alliance Texas. In early December Clevon completed its first U.S. delivery in a real-world setting with the CLEVON 1, the company’s ecofriendly autonomous delivery vehicle.
The owners of one of the largest retail blocks in North Dallas’ Preston Center district want to add office and apartment buildings into the mix. Ramrock is looking to build 265K SF of office space and 180 units of multifamily and 30K SF of retail in The Preston Center Pavilion on Westchester Drive south of Northwest Highway.
• Dallas Center for Dermatology and Aesthetics doubled its space to 11.5K SF in Preston Sherry Plaza.
• 8111 Douglas – a 319K SF class A office building.
• 5950 Sherry Lane – 27,948 SF
• 8333 Douglas Avenue – 40,119 SF
• 8343 Douglas Center – 21,246 SF
McCarthy Building Cos. has moved into a new regional headquarters from Dallas to the CityLine development at 3400 N. Central Expressway in Richardson.
SkyWalker Property Partners sold 2 office properties in North Texas. The largest divestiture was of Brookhollow Riverside, a 119K SF office building at 2505 North Highway 360 in Grand Prairie. The disposition also included Crescent Parc, a 61-unit medical and office condominium project at 1400 North Coit Road in McKinney.
• Inbenta Holdings Inc. signed a 5K SF lease at One Bethany West at 950 W Bethany Drive in Allen.
• LJA Engineering Signed a 6,274 SF expansion at Summit Park.
• Colliers is marketing for sale Collins Square. The 228,400 SF building is 75.9% leased.
• State Highway 121 & N Central Expressway (formerly Monarch City) – a 5M SF class A office park (proposed)
• Heritage Creekside Towers – a 1.25M SF class A office park (proposed)
• Palisades Central | 2426 N Central Expressway – a 1M SF class A office complex (proposed)
• Beacon Square – a 800K SF class A office building (proposed)
• The Campus at CityLine – a 600K SF class A office complex (proposed)
• 3661 N Plano – a 534K SF class A office building (proposed)
• 3661 N Plano – a 508K SF class A office building (proposed)
• Legacy Central 5 – a 300K SF class A office building (proposed)
• One Bethany North – a 300K SF class A office building (proposed)
• District 121-East – a 300K SF class A office building (proposed)
• One Heritage Creekside – a 250K SF class A office building (proposed)
• One Bethany Central – a 250K SF class A office building (proposed)
• Lookout Park I – 262,546 SF
• Waterview 190 North & South – 232,025 SF
• Galatyn Commons – 215,394 SF
• Lakeside Tower – 203,817 SF
• 3400 CityLine – 189,676 SF
• 2200 E President George Bush – 176,831 SF
• Richardson Commons – 155,984 SF
• 17787 Waterview Parkway – 142,954 SF
• Galatyn Commons D – 133,184 SF
• Lakeside Centre II – 115,583 SF
• District 121-West – 111,547 SF
• Lookout Park II – 106,327 SF
Goldenrod’s development along West 7th Street has sat as a vacant lot for more than a year as it bought neighboring properties. A new development along Fort Worth’s West 7th Street has doubled in size and released new renderings of its design with plans to break ground in June. Goldenrod had initially planned to finish its mixed-used development in summer of 2023, but it took more than a year to acquire the Snap Kitchen property and neighboring architecture firm at the corner of West 7th and Currie Street. “It takes a long time to negotiate those deals,” Brandon Schubert, Goldenrod’s head of acquisitions, said. “It made more sense to try to assemble some land and spread out the cost.” The new land increases the project’s footprint from 0.8 acres to 1.6 acres. When completed, the development will include 226 apartments along with 107,000 square feet of Class A office space and 11,000 square feet of restaurant and retail space along the street. That’s an increase from a 149-multifamily unit that was initially planned. The larger footprint also allowed the project to cut out one floor of its parking garage while adding stalls. “It lays out a lot better. It’s a lot more efficient,” Schubert said. “I think it’s got better sightlines for the tenants.” Just a few blocks away, John Goff’s Crescent Real Estate plans to complete its major Cultural District project at Camp Bowie Boulevard across from the Kimbell Art Museum in August or September. Initial plans included a 200-room hotel, 167 luxury apartments and a neighboring eight-story building with 168,000 square feet of offices. Further down the street, The Bowie House will also open in late 2023, bringing 88 rooms and 18 suites along with a restaurant. “I think the area is primed for a lot of new development,”
Cultural District Alliance Chairman Scott Wilcox said. “Just having that additional hotel inventory is going to be incredible for us.”
Wilcox also serves as the COO of the Amon Carter Museum of American Art directly across the Bowie projects. “I think the area is primed for a lot of new development,” he said. “It’s always had a lot of people coming to it but there just wasn’t enough to do once you got here.” Wilcox acknowledges new development could mean new traffic headaches. There are plans to beautify the stretch of University Boulevard from Interstate 30 up to West 7th and Camp Bowie, which created traffic issues when the same project occurred on West 7th. “Traffic has a way of figuring it out as you go through and get more used to being there,” he said. “We don’t really want traffic to flow through the Cultural District, we want it to flow to the Cultural District.”
The Goldenrod project is now expected to break ground and demolish the Snap Kitchen property in June and open in the first quarter of 2025. Transwestern Real Estate Services (TRS) announced University Centre I, a 99,267-square-foot, six-story office building located at 1300 S University Drive, has sold to 2SP Partners LLC, a local real estate investment group. Transwestern’s Kyle Poulson and Gibson Duwe represented the buyer in the transaction. The new ownership plans to significantly upgrade the common areas, lobby and tenant suites. Current tenants in the building include financial groups, energy companies and law firms. The property is minutes from amenities such as Colonial Country Club and Texas Christian University and has direct access to I-30. In addition to handling the building sale transaction, Transwestern will now take over office leasing for the project. According to Transwestern research, companies are universally demanding better office amenities to compete with remote and hybrid work. Rising construction costs have driven rents at Fort Worth’s newest buildings over $55 per square foot. University Centre’s enhanced amenities will offer significant value for tenants.
• Tug Hill has renewed their lease for 21,676 SF at 1320 S University Drive.
• Fort Worth Interventional /Analgesic Solutions has signed a 9,571 SF lease at 900 Jerome Street.
• An undisclosed Energy firm has signed a lease for 4,290 SF at 550 Bailey.
• 405 W Loop 820 S – a 101,043 SF class B office building.
• 315 Hemphill Street – a 30K SF class C office building.
• 500-508 Hemphill Street – a 30KSF class C office building.
• 3509 Hulen Street - 27,766 SF class B office building.
• 6844 Harris – 41,217 SF class B office building
• 7600 Rendon Bloodworth Road – a 30K SF class B office building
• 2400 N Kentucky Avenue – a 20K SF class B office building
• 465 S Main Street – 13,503 SF class B office building
LARGE EXISTING VACANCIES
• 4200 South Freeway – 162,707 SF class A vacancy
6100 Western Place – 112,382 SF class B vacancy
• 405 W Loop 820 – 101,043 SF class B vacancy
• 6500 West Freeway – 81,521 SF class A vacancy
• West Love | 2345 Mockingbird Lane – a 600K SF class A office building (proposed)
• East Love | 2345 Mockingbird Lane – a 250K SF class A office building (proposed)
• The Design District Tower – a 243K SF class A office building (proposed)
• 2122 W Mockingbird Lane – a 158K SF class A office building
• 6500 Harry Hines Boulevard – a 155K class A office building (proposed)
• 2221 W Mockingbird Lane – a 150K SF class A office building (proposed)
• River Edge | 155 Riveredge – a 142K SF class A building
• 1333 Oak Lawn Avenue – a 123K SF class A office building
• 111 Glass Street – a 30K SF class B building
• The Connection at 8600 | 8600 Harry Hines Boulevard – 228,845 SF
• Comerica Service Center – 142,600 SF
• Pegasus Park – 133,477 SF
• 2525 N Stemmons Freeway – 101,178 SF
• 8777 N Stemmons - Tower II – 76,968 SF
One of the largest office tower complexes in Dallas’ medical district near Love Field was put up for sale in September. The two (2) buildings, 12-story Mockingbird Towers are at 1341 West Mockingbird Lane. Built-in the 1970s, the nearly 450K SF high-rise project has been substantially renovated with almost $11 million in upgrades since 2015.
A landmark Uptown Dallas building has caught the eye of a Californiabased investment firm. GI Partners has raised more than $40 billion since 2001 to invest in private equity, real estate, and data infrastructure. The San Franciscobased firm has an office in Dallas on Turtle Creek. The company is now looking to locate its Dallas operation in the historic Maple Terrace building on Maple Avenue. GI Partners plans to occupy more than 10.6 K SF in the building at 3001 Maple Avenue, according to planning documents filed with the state.
One of the nation’s largest homebuilders is moving its headquarters from California to Dallas’ Uptown district. Landsea Homes Corp., currently based in Newport Beach, will take over 7,716 SF of space on the 10th floor of 1717 McKinney Avenue. The builder ranked as the 47th-largest in the nation with 1,640 closings and $936 million in gross revenue in 2021, according to the annual Builder 100 list. At the end of 2022, it had 462 employees nationwide.
The 18-story former Richards Group building is about to see big changes. With the recent departure of the building’s namesake advertising firm, new owners are planning a revamp that will give the Uptown Dallas office a new identity: One West Village.
One of Uptown Dallas’ biggest high-rise projects is showing signs of a start. Developer KDC first announced its Parkside Uptown project at the beginning of 2020. After taking time out for a pandemic and to refine its building plans, KDC appears ready to push ahead with the first phase of the two-tower project. The $200 million first phase of Parkside Uptown is scheduled to start in midyear, according to planning documents filed with the state.
With the newest office buildings north of downtown Dallas filling up, developers are in a rush to bring new high-rises to the market. Stonelake Capital Partners is joining the fray with plans to build a 17-story, 180K SF office tower on McKinney Avenue. The building at 2626 McKinney would open in mid-2025 on a site across the street from Whole Foods Market. The property is now occupied by a low-rise office.
• Haynes and Boone, which planned on moving out of Victory Park, is now upping its presence in the new office tower. The law firm is taking an additional 24K SF in the building, pushing leasing in the project to 76%, according to developer Harwood International.
• McGuireWoods, a full-service law firm, signed a 33K SF lease at The Link at Uptown, 2601 Olive St., in Dallas. The firm will occupy a portion of the 21st floor and all of the 22nd floor of the Class-AA office building
• Revantage signed a 32K SF lease at The Quad underway at 2699 Howell Street in Dallas
• Structure Tone Southwest renewed its 21.7K SF lease at Parkside Tower at 3500 Maple Avenue
• FKP Architects signed an 8.8K SF Renewal at Katy Trail Place.
• Newmark marketed for sale the Link at Uptown. The 291,986 SF building is 85% leased.
• Goldman Sachs – a 950K SF class A office building
• 2401 McKinney – a 712K SF class A office building (proposed)
• 23Springs | 2323 Cedar Springs – a 626K SF class A office building
• 2500 Cedar Springs – a 591 K SF class A office building (proposed)
• Harwood XII – 541K SF class A office building (proposed)
• Parkside Uptown | 1919 Woodall Rodgers Freeway – a 487K office building (proposed)
• Harwood XII – a 542K SF office building (proposed)
• Victory Center | 2371 Victory Avenue – a 466K SF office building (proposed)
• Harwood No. 14 – a 360K SF office building
• The Quad | 2699 Howell Street – a 345K SF class A office building
• 4040 Maple Avenue – a 285K SF class A building
• 2850 Lemmon – a 280K SF class A office building
• 2626 McKinney Avenue – a 181K SF class A office building
• Maple Terrace | 3001 Maple Avenue – a 137K SF class A office building
• McKinney & Lemmon – a 82K SF office building (proposed)
• One Victory Park – 302,030 SF
• Victory Commons One – 300,446 SF
• One West Village – 240K SF
• Parkside Tower – 111,728 SF
• 2501 Cedar Springs – 110,415 SF
