Search
 

The Dallas Dowry: Ample Electricity, Low Rent, Room to Grow

DALLAS-Come to Dallas, the land of plenty, says Lazarus Property Co.'s Sam Ware, who has a team hawking Elm Place space in power-strapped California. Ware's not alone in his P.T. Barnum strategy.

By Connie Gore | Updated on February 14, 2001

DALLAS-Welcome to Dallas: Ample electricity, class-A space and lower rents. That’s the message being shipped to California these days from Dallas developers, building owners and municipalities who are on the cusp of a promising courtship.

The primary leading-edge suitor, for now, is Sam Ware, president of Lazarus Property Co. and owner of 1401 Elm St., a class-A, 50-story, 1.1-million sf property in the heart of the city. Leading the charge for Ware is Steve Everbach, managing director of asset services for Cushman & Wakefield of Texas Inc.

Everbach told GlobeSt.com that Ware had brought the idea to the table about two weeks ago. Since then, Elm Place has been placed on Web Real Estate.com and about 50,000 postcards are being readied for mailings this month to California prospects, says Charles Briant, Web Real Estate.com’s president.

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.