John Gates, vice president, of Staubach's Southwest Corporate Services office told GlobeSt.com the move had been necessitated by an expiring lease in Dallas' Brookhollow section at an office building. A changing tenant base at the old location had sparked the decision by the 100-year-old nonprofit agency, says Gates. The agency had been founded to care for children of women who worked in turn-of-the-century cotton mills in Dallas. Today, it's one of the nation's leading child-care operators.
The new headquarters space has been vacant for some time, says Gates. It had been occupied by Verizon.
The Twin Towers complex, consisting of about 500,000 sf at 8585 N. Stemmons Freeway, is owned by AGBRI Twin Towers LP. Gates and Staubach's Carl Ewert, executive vice president, had represented the agency in the lease talks while Ted Headings of Jones Lang LaSalle Inc. had acted on behalf of the building owner.
In another recent Staubach lease signing, the retail division has inked a pact for 12,000 sf in the Shops at Soncy in Amarillo. The new tenant is the Shoe Carnival, which has been represented by Adam Schiller, vice president of Staubach Retail Services' Dallas office.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
