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Dallas Ends Two-Year Lull with Topping Out

DALLAS-Those in the know say it's been nearly two years since a purely spec office building topped out in Dallas proper. The 220,000-sf Four Hickory Centre at Mercer Crossing breaks the silence. Ironically, the topping outs are a family affair.

By Connie Gore | Updated on November 15, 2001

DALLAS-It’s been nearly two years since Dallas proper saw a purely spec office building top out, so say those who would know. But yesterday, the lull ended as the familiar pine tree was ceremoniously placed atop the 220,000-sf Four Hickory Centre at Mercer Crossing.

Ironically, the topping out fell within the same family of ownership as the last one: American Realty Investors of Dallas, owners of the 415,521-sf Centura Tower I at 14185 Dallas Parkway and the developing 950-acre Mercer Crossing just off Interstate 635.

On hand was Mercer Crossing’s developer, Wayne Starr of Colorado, and the project’s full team plus a bevy of brokers who came out to see the uncommon sight for the times. “Realistically, I’d be lying if I didn’t say we’re a little concerned,” Cliff Bogart, partner of Vector Project Services LLC, tells GlobeSt.com. Still, he has a barometer by which to measure the demand–the fully leased One Hickory Centre and 75%-occupied Two Hickory Centre.

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