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Holt Prepping 381,124 SF for Lease-Up, Sale

DALLAS-Holt Lunsford Commercial gets keys Dec. 1 to Executive Center II and III. Triple Net says it's time to sell so the marching order is to push occupancy to 95% by Q3 2008.

By Connie Gore | Updated on November 21, 2007

DALLAS-Looking to position the asset for sale, Triple Net Properties Inc. has brought in Holt Lunsford Commercial for a hard drive to fill the 381,124-sf, class B Executive Center II and III. The goal is to bump occupancy roughly eight percentage points by third quarter 2008.

“We will not lose a deal to rate,” Robert Jimenez with Dallas-based Holt Lunsford Commercial vows to GlobeSt.com. The 129,000-sf Executive Center II at 8360 LBJ Fwy. is 88% leased and the 252,124-sf Executive Center III at 8330 LBJ Fwy. is 87% occupied.

Jimenez and Holt Lunsford’s Kacy Jones beat teams from two other brokerage houses with their pitch to get occupancy to 95% by the third quarter for the Santa Ana, CA-based owner. “They want to be in a position so it can be marketable to the investment community,” Jones says.

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