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New Asset, Leasing Team Steering 450,000-SF Centrum

DALLAS-It's a sign of the times, says Transwestern's Jack Eimer, president of the central region. Asian-backed owners switch asset managers for their 450,000-sf Centrum, a high-profile, 19-story tower. Fresh blood, fresh ideas in a sagging economy spark the change.

By Connie Gore | Updated on September 21, 2001

DALLAS-The Asian-based owners of Dallas’ landmark Centrum have replaced its asset manager, signing up Chicago-based Transwestern Commercial Services’ Dallas team. The 450,000-sf, mixed-use property carries an 80% occupancy in its 34 residential units, low to mid-90% occupancy in the 324,000-sf office component and 100% occupancy in the 43,000-sf of retail space.

Insignia/ESG’s Dallas office previously held the assignment. The change, says Jack Eimer, president of Transwestern’s central region, is a relatively common occurrence in a strapped economy. Just this year, Transwestern’s central region has picked up more than five million sf in new leasing assignments as building owners look for fresh blood to beef up tenant rosters, either in new signings or renewals. Unlike two to three years ago, Eimer tells GlobeSt.com, there is not an abundance of new tenants looking for space nor are properties fully leased these days. It’s a definite challenge, he says.

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