Henley has vacated the local marketing director's slot for Radnor, PA-based Brandywine Realty Trust to join his former Prentiss Properties Trust colleagues, Rick Kirk, PM Realty's president and CEO, and Jimmy Gunn, president of property services. "There's a familiarity and history for him to feel comfortable with the leadership," says Doug Little, executive vice president and managing director of Houston-based PM Realty Group's central region.
Henley will partner with senior vice president Nathan Durham to build on the combined experience of one who's "been there and done that" and one who's younger, but aggressive at putting his mark on some of the top deals in the market during the past decade, according to Little. "I don't think there's any stone unturned that those two can't handle," he adds.
Little tells GlobeSt.com that Henley is bringing the 464,289-sf Walnut Glen Tower with him. The 95%-leased class A office building at 3144 Walnut Hill Lane in Dallas is owned by Prescott Realty Group. Henley earned his stripes and built his reputation in the market with oversight for buildings like Tower at Williams Square in Irving, Cityplace in Uptown, 1700 Pacific and Bank One Building [now Comerica Tower], both in Downtown Dallas, and the 1.4-million-sf Park West office complex in the Dallas suburbs. On the western side of the metroplex, he was overseeing the one-million-sf Burnett Plaza in the Fort Worth CBD. During his career, he's completed more than 700 leases representing more than 11 million sf.
Little says Henley's market presence--two years with Brandywine and 17 with Prentiss--set the stage, with the deal being struck in a one-month round of talks. "More importantly, it's how well liked he is by the brokerage community. That sends a message," Little says.
PM Realty has seven office brokers in Dallas, including a third senior vice president, Kurt Cherry. As soon as Henley's on board, he'll get introduced to the owners of the firm's third-party stack of assignments.
[IMGCAP(2)]As Henley preps to come on board, PM Realty's Durham has grabbed two more office assignments in Dallas: the 250,000-sf Two Turtle Creek in Uptown and 246,955-sf Coit Central Tower at 12001 N. Central Expwy.
The 18-story Two Turtle Creek is undergoing a major upgrade, including the addition of a new crown and valet services. The class A office building, also managed by the firm, is owned by a joint venture between Wilton, CT-based Commonfund Realty Investors LLC and PM Realty.
[IMGCAP(3)]Coit Central Tower, a class A-minus office building, was bought on the courthouse steps recently by RPD Catalyst Fund I, a $250-million pool targeting value-add investments of office, retail, industrial and mixed-use properties. The Los Angeles-based owner is planning major upgrades to the 13-story tower in North Dallas.
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