Tuesday, July 16, 2013

SOLD -- Allen Office Center

Gladstone REIT has purchased a fully leased 115,200-sf office property in this north Dallas suburb.
The two-story Allen Office Center was built in 1998. Among the tenants are Frontier Communications Corporation and Micron Technology.
CBRE arranged the transaction.

Tuesday, July 9, 2013

Billingsley Starts Two Office Buildings

 Steve Brown, Real Estate Editor for the Dallas Morning News reports that Billingsley Co. has begun work on two office buildings in Plano.  Construction is underway on a 180,000-sf building at 6111 W. Plano Pkwy. 
The building is slated to be completed next summer. ReachLocal Inc. will lease 100,000 sf as its headquarters. 
The company has also started the three-story, 180,000-sf speculative building at 8951 Cypress Waters Blvd. Expected to open mid-2014, the structure will be in Billingsley’s 1,000-acre Cypress Waters development.  Pritchard Associates Inc. is the construction manager for both buildings.