Search
 

First Commercial Tenant Settles Into $75-Mil Adaptive Reuse Project

DALLAS-A historic Sears & Roebuck catalog merchandise center sees its first commercial tenant move into made-over space. The second arrives April 1 as the Matthews Southwest South Side revitalization dream picks up steam.

By Connie Gore | Updated on February 01, 2001

DALLAS-The first commercial tenant has moved into its quarters at the $75-million refurbished 1910 Sear & Roebuck catalog merchandise center, an anchor for the South Side’s revitalization.

Exceed Inc., an IT solutions provider, is settling into 23,500 sf and holding tight to an option for an extra 14,216 sf. The second tenant, Denver-based WINfirst, is readying for an April 1 move into its 53,943 sf of the 120,000 sf of commercial space in the South Side at Lamar.

By April’s end, nearly three years of construction at 1409 S. Lamar St. should draw to a close, Stephanie Baker, management director for developer Matthews Southwest, tells GlobeSt.com. To date, 145 of the 455 planned lofts have been occupied. And, there are 240 other loft tenants waiting to move into their new homes. The balance of South Side at Lamar’s commercial space should be let by June, says Baker. The remaining lofts, she believes, will be sold out by August. The made-over space is fetching $16 per sf to $18 per sf for commercial tenants and 86 cents per sf for residential units.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.