Matt Scoggins of Dallas-based Cawley International has represented El Paso Global. Duggan Realty Advisors, based in Dallas, has been represented by its broker, L.J. Erickson.
Erickson tells GlobeSt.com that the 30,000-sf building is now 100% leased. The other tenants are Enron Corp., Adelphia Communications Corp. and PF.Net.
El Paso Global, based in Houston, will use the building as a carrier hotel, which houses network carriers and service providers in a central location to facilitate direct cross-connections and to permit access to multiple local and long-haul networks.
Duggan Realty bought the building from Trammell Crow Co. in 2000. Erickson says it was well-suited for telecommunications: there are fiber lines on all sides, it has a 21-foot clear height and big floor-load capacity. Duggan made some improvements such as upgrading the power supply.
El Paso Global Networks offers wholesale products and services to the telecommunications marketplace. Its parent company, Houston-based El Paso Corp. is a natural gas company that had $21.9 billion in 2000 revenues.
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.
