New Teams Take Charge at $200M CBD Project

FORT WORTH-With occupancy hitting 61.6%, the Dallas-based owner of the $200-million City Place project in the CBD has handed office leasing to its construction manager, Stream Realty Partners LP. In conjunction with the move, the retail assignment has gone to a third Dallas firm, the Retail Connection.

Co-owners PNL Cos. and Easop didn’t put the 312,000-sf office assignment for Two City Place on the open market, but rather quietly moved it to get the reins into one set of hands, dealmakers say. Since the project’s inception, NAI Huff Partners in Fort Worth has been in charge of leasing for the 300 Throckmorton St. tower.

“Huff has done a great job of bringing this to 60%, but it made sense for Stream to come in from a continuity standpoint,” Chris Wright, a Stream senior associate, tells GlobeSt.com. He is soloing on the office assignment while the Retail Connection’s Chris Thomas and Ross Golman are leading the charge to find and sign tenants for 74,245 sf of shop space that will come on line in the four-block project. Two City Place has 17,000 sf of street-level retail, with the balance in a central block connector between the office tower and One City Place at 100 Throckmorton St., a shuttered office tower that’s awaiting a residential conversion.