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Onyx Property Tackling First Development Project; Buys Telecom Corridor Land

DALLAS-The one-year-old Onyx Property Co. is making its move from managing assets to developing its own. Onyx partners, well known in the commercial real estate community, have bought land in the Telecom Corridor for dual business centers.

By Connie Gore | Updated on February 12, 2001

DALLAS-Onyx Property Co., formed just last year, is making its first move into the development arena, undertaking dual business centers in areas that are part of the region’s ever-expanding high-tech corridor.

The names behind the business are familiar in metroplex commercial real estate circles and each of the businessmen – Eric Langford, William K. Wells and Roger C. Gault – have done many a development, but always with someone else footing the bill. This time, it’s different. “I thought I knew how to build buildings, but it’s an education to sign on the line personally,” Langford told GlobeSt.com. And he’s busy signing those contracts, just recently inking a land deal for a Plano site and looking ahead to a closing in two weeks on a Richardson tract.

Aptly named Onyx Business Center 1 and Onyx Business Center II, the structures are located on separate parcels, but still within the Telecom Corridor’s bounds. Ground will break at the end of March on both projects, which have been designed by Batten Architects of Dallas.

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