Champion Partners, State Farm Kick Off 165,907-SF First Phase of Estimated One Million-SF Business Park

Dallas-based Champion Partners and State Farm Insurance Co. is undertaking their second joint project in the US, breaking ground yesterday on the 165,907-sf Westway I – the first of five spec office projects ticketed for a 60-acre parcel in the Las Colinas submarket.

The market is ripe for the spec project, Steve Modory, Champion senior partner, told GlobeSt.com. There are less than five office projects under construction with available space in the booming submarket where open land is plentiful and unleased space is at a premium. “The market conditions in our mind dictate the need for additional spec office space in Las Colinas,” emphasizes Modory.

He says the class A Westway I will come to market in May or June – just about the time when Champion and State Farm anticipate breaking ground on a second spec building. The master-planned Westway Business Park ultimately will deliver close to one million sf of new office space to the current 25 million sf of office space in the Las Colinas submarket.