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Cushman & Wakefield Announces More Than 234K Square Feet in DFW Commercial Real Estate Transactions

DALLAS, Nov. 6, 2019 – Brokers in the Dallas office of Cushman & Wakefield recently closed the following commercial real estate transactions across North Texas: OFFICE LEASES Gartner Inc. signed a 54,920-sf lease expansion in Las Colinas Connection 1 at 6031 Connection Dr. in Irving. Randy Cooper, Matt Heidelbaugh, Amber Roberts, Lou D’Avanzo and Andy May of Cushman & Wakefield represented the tenant. Sarah Hinkley of Thirty-Four Commercial and Joel Pustmueller of JLL represented the landlord, Piedmont Office Realty Trust. Informa Exhibitions U.S. signed a 23,354-sf lease in Urban Towers at 222 W. Las Colinas in Irving. Billy Gannon of Cushman & Wakefield represented the tenant. John Fancher and Matt Schendle, also of Cushman & Wakefield, represented the landlord, Parallel Capital Partners. Worksuites signed a 19,236-sf lease in Southlake Town Square at 1560 E. Southlake Blvd. John Pelletier with esrp represented the tenant. Ward Eastman and Christy Thelen of Cushman [...]

2019-11-07T18:57:40-05:00November 7th, 2019|In the News|

Cushman & Wakefield Dallas Represents Samsung SDS in a 24K-SF Office Lease in Plano

The IT services provider will occupy part of APEX, a Class A office building on President George Bush Highway. PLANO, Nov. 5, 2019 – Cushman & Wakefield Dallas represented Samsung SDS in a 24,000-square-foot (sf) lease in APEX, a Class A office building located at 3033 W. President George Bush Hwy. in Plano. The Cushman & Wakefield team of Scott Hobbs, Kim Lyon and Ashley Tanton represented Samsung SDS in their property search and lease negotiations. Duane Henley and Nathan Durham of Transwestern represented the property’s landlord. APEX is a 186,244-sf, three-story Class A office building that was built in 2007. It is located within the fast-growing Legacy/Frisco office submarket, which in the first three quarters of 2019 has had the highest net absorption of any Dallas-Fort Worth office submarket, at 755,254 sf, according to Cushman & Wakefield research. Samsung SDS, a subsidiary of Samsung group, was established in 1985 [...]

2019-11-07T14:46:36-05:00November 7th, 2019|In the News|

Cushman & Wakefield’s New Report Shows Real Estate Leaders Continue to See Value in Coworking

Many expect to double commitment to coworking in next five years, according to survey by Cushman & Wakefield and CoreNet Global CHICAGO, October 30, 2019 – Cushman & Wakefield (NYSE: CWK), a leading real estate services firm, has released a report that reveals corporate perceptions of the value of flexible workspace and coworking strategies. Cushman & Wakefield partnered with CoreNet Global, a worldwide association of corporate real estate executives, to survey more than 550 key commercial real estate (CRE) executives at organizations around the world. Participants were asked about their general perceptions of the coworking sector, the pros and cons of using coworking, expected impacts on cost, and past and future employee utilization of flexible office spaces. Key findings of the report include: Nearly two-thirds of companies utilize coworking to some degree, and many respondents expect to double their commitment to coworking over the next five years. “The results show that [...]

2019-11-07T14:41:54-05:00November 7th, 2019|In the News|

Growing IoT Tech Startup Polte Relocates from Richardson to Addison

Polte’s move to The Colonnade is part of the company’s broader strategy to attract top technology talent in Cloud Location Services. DALLAS, October 31, 2019 – Polte Corporation, a Cloud Location Services software startup innovating a patented alternative to traditional GPS technology, relocated its office from Richardson to a Class A office building in Addison. The company subleased 6,896 square feet (sf) in The Colonnade at 15301 Dallas Pkwy. Polte’s patented Location-as-a-Service software solution leverages ubiquitous 4G and 5G cellular networks and cloud computing to enable highly accurate location data indoors and outdoors across geographies. Business processes, customer self-service automation and better decision-making insights enable consumer, commercial and industrial businesses to capitalize on location, which is essential to how we all work, live and play. Ryan Hoopes with Cushman & Wakefield represented Polte in their property search and lease negotiations.   “Polte’s strategic relocation to Addison comes at an exciting [...]

2019-11-07T14:36:32-05:00November 7th, 2019|In the News|

Envy Gaming to Establish Esports Training Center and Headquarters in Dallas’ Victory Park

With a goal of attracting top talent and providing state-of-the-art training facilities to gaming pros, the esports group will expand in nearly 21K SF at 3030 Olive St. DALLAS, October 31, 2019 – Envy Gaming Inc., a Dallas-based company that owns multiple esports teams and operates as one of the largest esports organizations in the world, is establishing a new training facility and expanded headquarters office in Dallas’ Victory Park neighborhood. The company has signed a 20,872-square-foot (sf) sublease at 3030 Olive St., a Class A office building adjacent to the American Airlines Center. The new office will house Envy Gaming’s executive team, including staffs for the Dallas Fuel team in the Overwatch LeagueTM and the Dallas Empire team in the Call of Duty® LeagueTM, and be the base of all operational functions for the growing company. The space will include dedicated facilities for team training, content creation, player development [...]

2019-11-07T14:31:26-05:00November 7th, 2019|In the News|

Global Architecture and Engineering Firm Signs 34K SF Lease Extension in Historic Downtown Office

Page is recommitting to Downtown with a seven-year lease extension in the Mercantile National Bank Building. DALLAS, October 22, 2019 – Page, a global architecture and engineering firm, has extended its 34,000-square-foot (sf) lease in the Mercantile National Bank Building, located at 1800 Main St. in Downtown Dallas, for an additional seven years. Cushman & Wakefield brokers Matt Heidelbaugh and Billy Gannon represented the company in the deal. Heidelbaugh, an Executive Managing Director for Cushman & Wakefield Dallas, said office tenants like Page are seeing the benefit of being in Downtown. “Page’s continued commitment to Downtown Dallas illustrates the attractive nature of this location for companies who want to retain and recruit the best talent,” he said. “The location offers a huge variety of walkable amenities, which is one of the top features today’s office tenants say they want.” Page’s leadership said the decision to remain Downtown for at least [...]

2019-10-23T12:08:22-05:00October 23rd, 2019|In the News|

Dallas-Based, High-Growth Oil & Gas Firm Doubles in Size

Pony Oil is relocating to a new 12K square foot office at 3100 Monticello for its walkability and recently renovated interior. DALLAS, October 21, 2019 – Pony Oil, a land-focused oil and gas company, is moving its headquarters from 4245 N. Central Expwy. to 3100 Monticello Ave. in the Uptown area in Dallas. The company has leased 11,917 square feet (sf) in the nine-story, newly-renovated Class A office building, which is owned by Prescott Group. Pony Oil is the largest independent aggregator of mineral and royalty interests in the United States. Since its founding in 2012, the company has been experiencing high growth. As a result, they have outgrown their current Uptown location. The company was drawn to 3100 Monticello because it has been recently renovated and is in a highly walkable neighborhood in Uptown near a variety of restaurants, said Robbie Baty, Executive Director at Cushman & Wakefield. He [...]

2019-10-21T16:30:46-05:00October 22nd, 2019|In the News|

Cushman & Wakefield Representing Owner in Sale of 101,000-SF Healthcare Facility in Plano, Texas

Unique Single-Tenant, Net-Leased Asset Will House Both Impatient and Outpatient Services CHICAGO, Oct. 15, 2019 – Cushman & Wakefield’s U.S. Healthcare Capital Markets team is representing Dallas-based Cawley Partners in the sale of a 101,608-square foot (sf), three-story, Class-A healthcare facility at 5120 Legacy Dr. in Plano, Texas. The property is currently on the market with offers due later this month. The property was completed in 2016 as a speculative office project. Denver-based Eating Recovery Center (ERC) – the internationally recognized leader for eating disorder treatment – has committed to an 18-year lease on the entire building, which will house both inpatient and outpatient services. The property is currently undergoing more than $22 million in landlord and tenant improvements that will allow ERC to operate 72 inpatient hospital beds licensed by the Texas Department of State Health. Upon completion, ERC will be the only provider in the state with licensed [...]

2019-10-16T12:03:58-05:00October 16th, 2019|In the News|

Cushman & Wakefield Announces More than 201K Square Feet in DFW Commercial Real Estate Transactions

DALLAS, October 3, 2019 – Brokers in the Dallas office of Cushman & Wakefield recently closed the following commercial real estate transactions across North Texas:   OFFICE LEASES JPI Multifamily Investments L.P. signed a lease renewal and 14,878-sf expansion, bringing their total leased space to 47,407 sf at 600 E. Las Colinas Blvd. in Irving. Matt Heidelbaugh and Emily Hoffman of Cushman & Wakefield represented the tenant. Duane Henley of Transwestern represented the landlord, JCI 600 Las Colinas Inc. Burleson, Pate & Gibson signed an 11,388-sf lease renewal in Founders Square at 900 Jackson St. in Dallas. Bill McClung and Robbie Baty of Cushman & Wakefield represented the tenant. Brent Steward of Fidelity Commercial Realty Management Co. represented the owner, Jackson Wood Ltd. Aerotek Inc. signed an 11,178-sf lease renewal at 860 W. Airport Fwy. in Hurst. Randy Cooper, Craig Wilson and Travis Boothe of Cushman & Wakefield represented the [...]

2019-10-07T10:24:15-05:00October 7th, 2019|In the News, Press Release|

Karinna Cassidy Promoted to Lead Cushman & Wakefield Asset Services in Southern California and Texas

Cushman & Wakefield announced today that Karinna Cassidy, Senior Managing Director, has been promoted to lead the Southern California and Texas markets for Asset Services. In her new role, Karinna Cassidy will oversee the firm’s management of nearly 100 million square feet of office, industrial, and retail product in Los Angeles, Orange County, Inland Empire, Ventura County, San Diego, Dallas, Austin, Houston, and San Antonio. She will also partner with Asset Services city leads in those markets on business development pursuits, recruiting, and furthering our focus on operational excellence. Ms. Cassidy will report to Sandra Boyle, Executive Managing Director, who was recently appointed to the role of West Region Lead for Asset Services. With more than 30 years of experience, Ms. Cassidy is an industry veteran who has worked for both landlords and tenants, from agency leasing and lease administration, to property and construction management throughout her career. Prior to [...]

2019-10-02T10:16:21-05:00October 2nd, 2019|In the News, Press Release|