Dallas-Fort Worth Real Estate Review - Spring 2019

Page 28

S SCORECARD

OFFICE LEASES

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2018,364 SF 18,36565,000 SF 65,001205,000 SF 205,001535,731 SF 535,732965,813 SF

MAP COURTESY OF CBRE RESEARCH

LARGEST OFFICE LEASES

1

KEURIG DR PEPPER

SIZE: 350,000 square feet LOCATION: The Star TENANT REPS: Jeffrey S. Ellerman, Seth Kelly, John Ellerman, Robert Blount of CBRE LEASING AGENTS: Worthy Wiles and Jake Young of Lincoln Property Co. DETAILS: Recently formed beverage giant Keurig Dr Pepper announced its headquarters hop from Plano to Frisco in February. It’s moving to The Star, marking another Fortune 500 win for Frisco.

2

WEWORK

SIZE: 77,000 square feet LOCATION: Towers at Williams Square in Las Colinas LEASING AGENT: Bill Brokaw of Hillwood DETAILS: Capitalizing on the need for coworking in a burgeoning tech hub, WeWork advanced the tide of coworking washing into the suburbs with a threefloor lease in Las Colinas in early February.

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KATTEN MUCHIN

SIZE: 56,340 square feet LOCATION: Park District PwC TENANT REPS: Matt Craft of Lincoln Property Co. LEASING AGENTS: Dennis Barnes, Shannon Brown, Clay Gilbert of CBRE DETAILS: Katten Muchin Rosenman’s two-floor lease–inked in the ides of March–brought PwC Tower’s law firm count to four, lending momentum to the trend of legal services located in the urban core.

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MID-STATES DISTRIBUTING CO.

SIZE: 40,000 square feet LOCATION: Mercantile Center in Fort Worth LEASING AGENT: Colt Power of NAI Robert Lynn DETAILS: Minneapolisbased retailer MidStates Distributing Co. announced it would move its headquarters to Fort Worth in mid-March. Its new headquarters building previously housed the American Paint Horse Association, which moved to the Stockyards recently.

5

FIRST GUARANTY MORTGAGE

SIZE: 27,055 square feet LOCATION: Legacy Place One, 5800 Tennyson Parkway in Plano LEASING AGENTS: Ward Eastman, Trey Smith, and Johnny Johnson of Cushman & Wakefield DETAILS: In early March, First Guaranty Mortgage signed a lease in Legacy Place One and announced it would move its headquarters into the Plano office development.

SPRING 2019


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