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Cushman & Wakefield Selected to Lease Legacy Park in Plano

DALLAS, April 3, 2017 – Brown Company Partners has selected Cushman & Wakefield to oversee leasing of Legacy Park, what ultimately will be a five-building office campus in Plano’s Legacy business park. The single-story office buildings sit off Spring Creek Parkway at Parkwood Boulevard. Two of the five facilities have already been constructed on a speculative basis. Building A is 25,200 square feet and Building B is 28,000 square feet. The remaining three, which range from 28,000 to 56,000 square feet, will be developed as leasing momentum builds. They also could be constructed as build-to-suits. The campus was designed by O’Brien Architects. “We’re excited to be working with Cushman & Wakefield on the project,” said David Karr, Managing Partner at Brown Company Partners. “We’ve built a great couple of buildings in a market with tremendous momentum and think Legacy Park would be an ideal home for any number of corporate [...]

2018-04-19T13:24:17+00:00 April 3rd, 2017|In the News, Press Release|

Sid Womack Named Senior Managing Director of Cushman & Wakefield’s Valuation and Advisory Team

DALLAS, March 27, 2017 – Cushman & Wakefield is pleased to announce that commercial real estate veteran Sid Womack has joined its Dallas office as senior managing director. In this role, he will oversee valuation and advisory activity in Texas, Oklahoma, Arkansas, Louisiana, and Mississippi. Womack joins from Cushman & Wakefield’s Kansas City office, where he oversaw V&A activities in Kansas, Missouri, and Nebraska. He joined the firm in 2005 and prior to that worked at KeyBank, where he ordered and reviewed all appraisals for the bank’s CMBS line of business. His progressive career experience ranges from site acquisition to construction supervision, with an emphasis on the valuation of real estate. A native of Houston, Womack attended The University of Texas at Austin, where he earned a bachelor’s degree in advertising. He’s a designated member of the Appraisal Institute, a fellow of the Royal Institution of Chartered Surveyors, and a [...]

2018-04-19T13:24:17+00:00 March 27th, 2017|In the News, Press Release|

Adam Curran Joins Cushman & Wakefield as Director

DALLAS, March 24, 2017 – Cushman & Wakefield is pleased to announce that commercial real estate professional Adam Curran has joined its Dallas-Fort Worth office as director. He’ll work in the firm’s industrial group, specializing in both tenant and landlord representation. Most recently, Curran was vice president at Mercer Co., where he also served as chief operating officer. He built a formidable brokerage business there and also took time to mentor young professionals. Prior to Mercer Co., Adam was market director at NAI Robert Lynn. “Adam is a great addition to the team,” said Ran Holman, Managing Principal and DFW Market Leader. “His client focus, work ethic, and character epitomize Cushman & Wakefield’s standards. He’s a strong producer, and we are certain that on our platform his potential is without limit.” Curran earned a bachelor of art’s degree in religion from Baylor University in Waco. Industry awards include being named [...]

2018-04-19T13:24:18+00:00 March 24th, 2017|In the News, Press Release|

Pier 1 Imports Taps Cushman & Wakefield to Help Manage Its North American Store Portfolio

Dallas, February 27, 2017 – Cushman & Wakefield announced today an agreement with Fort Worth-based Pier 1 Imports for management of the Company’s lease portfolio of more than 1,000 stores with 10 million square feet across the United States and Canada. The commercial real estate brokerage will work with the major retailer to assess and develop a strategy for various locations within the company’s vast store portfolio, helping to gain efficiencies and bring costs down, said Todd Kohlbecker, Senior Managing Director at Cushman & Wakefield. “Our goal with Pier 1 Imports is to develop a broader plan for how we approach the portfolio, and then drill down into individual leases from a more strategic standpoint to help them effectively manage their resources,” he said. “Cushman & Wakefield was awarded this critical assignment because of our myriad of strengths in this area.” Cushman & Wakefield executes more retail transactions than any [...]

2018-04-19T13:24:18+00:00 February 28th, 2017|In the News|

Brinker International Selects Cypress Waters for its New Headquarters

Restaurant company to occupy waterside office building in Dallas mixed-use development DALLAS, February 27, 2017 – After a thorough search, Brinker International, Inc. has selected Cypress Waters as the home for its new Restaurant Support Center. The leading casual dining restaurant company behind Chili’s® Grill & Bar and Maggiano’s Little Italy® will occupy a 216,300-square-foot, four-story, custom build-to-suit building that will sit along North Lake within the development’s centerpiece, called The Sound. “Our move to Cypress Waters allows us to build and custom design a new campus that provides an inspiring and collaborative environment for our BrinkerHeads,” said Wyman Roberts, chief executive officer and president of Brinker. Cushman & Wakefield’s Rick Hughes, Executive Managing Director, Maureen Kelly Cooper, Senior Managing Director, and Robbie Baty, Senior Director, represented Brinker International. Brinker has occupied space in a four-building complex along LBJ Freeway in Dallas since the 1980s. A top priority was finding [...]

2018-04-19T13:24:18+00:00 February 27th, 2017|In the News|

Cushman & Wakefield Announces Sale and Financing of Tollway Office Building

DALLAS, Feb. 14, 2017 – Cushman & Wakefield has closed the sale of a 47,423-square-foot office building at 17120 Dallas Parkway in Dallas. Beth Lambert, Executive Managing Director, and Diego Arroyave, Senior Vice President, negotiated the off-market sale on behalf of the Loomis Agency and Carbon Cos. The sellers will continue to occupy the building as tenants. Represented by Bryan Marquis, the Dallas-based family office of Embrey Interests bought the asset as part of a 1031 exchange, after recently selling Park Creek Place in the Turtle Creek area of Dallas. Working on behalf of the new owner, Lambert and Arroyave secured a 10-year acquisition loan through a life insurance company. The two-story building lies within the Quorum/Bent Tree submarket of Far North Dallas, between Trinity Mills and Keller Springs roads. With frontage along the Dallas North Tollway and proximity to the President George Bush Turnpike, it offers both visibility and [...]

2018-04-19T13:24:18+00:00 February 14th, 2017|In the News|

DRA Advisors Acquires $1.07 Billion Portfolio from Cabot Properties

DALLAS, Feb. 8, 2017 – New York City-based investment advisory firm DRA Advisors LLC has acquired a 19.8 million-square-foot industrial portfolio from Boston-based private equity real estate firm Cabot Properties Inc. The Industrial Advisory Group of Cushman & Wakefield, along with Eastdil Secured, represented Cabot Properties in the $1.07 billion trade. "We are enthusiastic about the investment potential of this portfolio and the ability to extend our national industrial footprint to over 45 million square feet," said David Luski, president of DRA Advisors. The 184-building portfolio is 94 percent leased to more than 500 tenants. The assets are geographically diversified across 21 markets throughout the United States, including major industrial hubs like Dallas-Fort Worth, Chicago, Columbus, Houston, and Atlanta. With 24 buildings totaling 2.7 million square feet, Dallas-Fort Worth represented the largest concentration of assets in the portfolio (13.5 percent). Houston had 25 buildings totaling 1.7 million square feet (8.5 [...]

2018-04-19T13:24:18+00:00 February 10th, 2017|In the News, Press Release|

Service King to Move Headquarters to Galatyn Commons

Dallas, Feb. 2, 2017 – Cushman & Wakefield’s Agency Leasing team has secured a commitment from Service King Collision Repair Centers to move its headquarters to Galatyn Commons in Richardson. The leading automotive repair company has leased nearly 65,000 square feet in the Richardson office campus, and will move about 170 employees to the new space in the summer of 2017. Dallas-based Corgan has been selected to design the company’s space. Founded in Dallas in 1976, Service King has had its headquarters in Richardson since 1999, when the company had just nine collision repair centers. Today, it has more than 300 shops around the country and remains committed to ongoing growth. “This is a tremendous step in the ongoing evolution of the Service King family,” said Michelle Frymire, Chief Financial Officer. “This new home office will provide the space, technology, and amenities that will continue to foster a growing team [...]

2018-04-19T13:24:18+00:00 February 10th, 2017|In the News, Press Release|

Dallas-Fort Worth Leads Nation in Demand For Industrial Space

DALLAS, January 30, 2017 - Demand for industrial space across the country is at an all-time high, and Dallas-Fort Worth is leading the way, according to a new national research report released by Cushman & Wakefield. The North Texas market recorded 5.3 million square feet of net absorption in the fourth quarter of 2016, topping Chicago (4.1 million square feet), Houston (4.1 million square feet), the Inland Empire (3.6 million square feet), Atlanta (3.5 million square feet), and Memphis (3 million square feet). Nationally, the U.S. industrial markets absorbed 63.6 million square feet of space in the final quarter of 2016, propelling net absorption for the year to a record-setting 282.9 million square feet. The current industrial expansion is one for the record books. As of January 2017, the industrial sector has registered 27 consecutive quarters of net occupancy gains, placing this up cycle among the longest ever. It is also [...]

2018-04-19T13:24:19+00:00 January 30th, 2017|In the News|

Adam Hammack Joins Cushman & Wakefield as Senior Director

DALLAS, December 28, 2016—Cushman & Wakefield is pleased to announce that industrial real estate professional Adam Hammack has joined its Dallas-Fort Worth office as senior director. He brings 10 years of commercial real estate experience to the role, including six years at CBRE. There, he successfully negotiated more than 200 transactions and advised institutional clients such as Hines, TIAA-CREF, Prologis, Morgan Stanley, TA Realty, Clarion Partners, Colony Capital, and DCT. Most recently, Hammack was vice president of development for Milhaus in Oklahoma City, where he oversaw development of multifamily and mixed-use projects. He began his career in 2007 as a financial analyst for Trammell Crow Co. in Dallas. “The chance to help build a top industrial agency leasing team at a market-leading firm is a unique and unmatched opportunity,” Hammack said. “Cushman & Wakefield leads the North Texas market in office agency leasing, and there is a tremendous commitment from [...]

2018-04-19T13:24:19+00:00 December 28th, 2016|In the News|