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Transwestern Gets MacArthur Plaza Contract, Asset Manager

LAS COLINAS, TX-Transwestern Commercial Services has landed a double punch, securing a 185,000-sf management contract and the asset manager to MacArthur Plaza. Mat Hurlbut, who has handled the property since mid-1999, has been assigned to the class-A property in Las Colinas.

By Connie Gore | Updated on February 21, 2001

LAS COLINAS, TX-Transwestern Commercial Services has snatched a 185,000-sf leasing and management contract from the grips of Dallas-based Prentiss Properties.

The latest in a series of management pacts to go to Transwestern is the 18-year-old MacArthur Plaza, located at 5525 MacArthur Blvd. in Las Colinas. The property is 85% occupied, with Verizon holding the lead tenant slot. Verizon occupies 52,000 sf in the class-A high-rise. The property is considered prime office space due to its proximity to Texas 114, the Dallas-Ft. Worth International Airport and primary arteries leading to major business districts in both metropolises.

Matt Hurlbut had managed the property for Lend Lease Real Estate Investment, which holds MacArthur Place in its Delta Pension Fund portfolio. Hurlbut had managed the property since its acquisition June 30, 1999, the same time that Prentiss had secured the leasing and management pact. In an unrelated development, Hurlbut had jumped to Transwestern’s fold Feb. 12.

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