KDC CEO Steve Van Amburgh tells GlobeSt.com that the shopping began in November 2007, with 20 investment partners going under the microscope before E2M and Sammons, both from Dallas, won the nod from KDC's five partners. "We felt a capital partner was necessary if we were going to expand," he says. "We felt hands down they were the best fit and match for us."

With the deal now inked, KDC will set plans in motion to add a production office in Houston and interview top executives to open offices in the San Francisco Bay Area, Chicago and Washington, DC. Van Amburgh says the goal is to bring the new shops on line by year's end. In the coming months, KDC also plans to set up teams to develop data centers and medical office buildings, relying on its Dallas professionals to lead the charge. The CEO hints that the first medical office project--a large one at that--could be ready to discuss in 60 days.

Van Amburgh says the catalyst to sell half the company was done not only so KDC could continue to grow, but to harvest increased requests for proposals for office and industrial build-to-suit projects for corporate America. "We realized the RFPs and proposal pipeline was bigger than it's ever been," he says. "It made sense for us from a strategic standpoint to look at other geographies." Besides Dallas, the ball for KDC's nationwide pipeline is carried by teams in Atlanta, Charlotte, NC and Detroit.

Rowsey

The new partners also earned three board seats for underwriting the five-year growth strategy. Rowsey gets one and the other two will go to Morton Meyerson, E2M's founder and chairman, and Heather Kreager, executive vice president and general counsel of Sammons.