KC Bills

DALLAS—K.C. B​ills​' recent promotion to vice president within Trammell Crow Company's Dallas/Fort Worth business unit includes development. This will include deal sourcing, strategic planning, development execution, financing, leasing, and disposition of both speculative and build-to-suit projects. He recently shared his insight into the positon and the state of the DFW market.

GlobeSt.com: What are some of the noteworthy projects Trammell Crow Company is working on?

K.C. Bills: It is an exciting time for TCC's DFW business unit. We are active in all product types, our notable projects include:

Industrial: More than 5 million square feet of industrial projects under construction or recently delivered at 35–Eagle, DFW Trade Center, Penn Distribution Center, JJ Lemmon Distribution Center and Chalk Hill Distribution.

Office: Legacy Tower, a 350,000-square-foot tower right on the Tollway and Legacy, delivered in 2015 and is seeing strong lease-up numbers. PWC Tower at Park District is a 500,000-square-foot tower at Park District, our mixed-use project across from Klyde Warren Park.

Multifamily: We are active, as High Street Residential specializes in the development of multifamily housing, in Uptown with three projects under construction: Knox Heights (182 units in the Knox Henderson neighborhood on McKinney Avenue), M-Line Tower (262 units on the former Café Express site on McKinney Avenue) and Residences at Park District (228 units at our mixed-use development on Klyde Warren Park, Park District).

Retail: At East Village, a Sam's Club-anchored shopping center at 75 and Haskell, we are currently leasing the remaining two of four outparcel pads. Lake Highlands Town Center, at Skillman and Walnut Hill, will be anchored by Sprouts and will include 70,000 square feet of shops and restaurant space. Additionally, we are leasing nearly 50,000 square feet of retail space in our mixed-use and multifamily projects.

GlobeSt.com: What trends are catching your eye in DFW?

Bills: We are fortunate to be in DFW where jobs have, and will continue to, drive the growth in all product types. In addition to the high-profile corporate relocations, we are also seeing an influx of smaller firms relocating to DFW either to support the larger firms who are relocating or to take advantage of the business friendly regulations, access to a strong talent pool and growing consumer base that we enjoy here.

GlobeSt.com: Is multifamily saturated or just getting started?

Bills: We are confident and assertive on DFW multifamily because of the continued strength of multifamily fundamentals. From an historical perspective, the job growth to supply ratio is well above the long run average which is why new supply continues to lease-up quickly at increasing rental rates. High Street Residential's multi-family projects are the right product in the right location, we are confident they will be attractive to residents.

GlobeSt.com: What types of new developments are springing up and what is the reason for this phenomenon?

Bills: Dallas is seeing growing demand for developments that offer an “experience” to tenants and residents. As employees demand highly amenitized, flexible workspace, located close to living and entertainment opportunities, our office developments will increasingly include these features. Renters across a range of age and socioeconomic profiles want to live close to work, transit, and entertainment; our multifamily projects are tailored to satisfy this demand. The retail environment is changing and thoughtful retail developments that include shopping, dining, and entertainment formats provide consumers the “experience” they expect.

GlobeSt.com: What are your plans for the new position?

Bills: My focus will remain on executing the exciting projects we have underway and putting strong/excellent deals together. We are actively pursuing new opportunities in all product types and look forward to developing more first class projects with our partners.

KC Bills

DALLAS—K.C. B​ills​' recent promotion to vice president within Trammell Crow Company's Dallas/Fort Worth business unit includes development. This will include deal sourcing, strategic planning, development execution, financing, leasing, and disposition of both speculative and build-to-suit projects. He recently shared his insight into the positon and the state of the DFW market.

GlobeSt.com: What are some of the noteworthy projects Trammell Crow Company is working on?

K.C. Bills: It is an exciting time for TCC's DFW business unit. We are active in all product types, our notable projects include:

Industrial: More than 5 million square feet of industrial projects under construction or recently delivered at 35–Eagle, DFW Trade Center, Penn Distribution Center, JJ Lemmon Distribution Center and Chalk Hill Distribution.

Office: Legacy Tower, a 350,000-square-foot tower right on the Tollway and Legacy, delivered in 2015 and is seeing strong lease-up numbers. PWC Tower at Park District is a 500,000-square-foot tower at Park District, our mixed-use project across from Klyde Warren Park.

Multifamily: We are active, as High Street Residential specializes in the development of multifamily housing, in Uptown with three projects under construction: Knox Heights (182 units in the Knox Henderson neighborhood on McKinney Avenue), M-Line Tower (262 units on the former Café Express site on McKinney Avenue) and Residences at Park District (228 units at our mixed-use development on Klyde Warren Park, Park District).

Retail: At East Village, a Sam's Club-anchored shopping center at 75 and Haskell, we are currently leasing the remaining two of four outparcel pads. Lake Highlands Town Center, at Skillman and Walnut Hill, will be anchored by Sprouts and will include 70,000 square feet of shops and restaurant space. Additionally, we are leasing nearly 50,000 square feet of retail space in our mixed-use and multifamily projects.

GlobeSt.com: What trends are catching your eye in DFW?

Bills: We are fortunate to be in DFW where jobs have, and will continue to, drive the growth in all product types. In addition to the high-profile corporate relocations, we are also seeing an influx of smaller firms relocating to DFW either to support the larger firms who are relocating or to take advantage of the business friendly regulations, access to a strong talent pool and growing consumer base that we enjoy here.

GlobeSt.com: Is multifamily saturated or just getting started?

Bills: We are confident and assertive on DFW multifamily because of the continued strength of multifamily fundamentals. From an historical perspective, the job growth to supply ratio is well above the long run average which is why new supply continues to lease-up quickly at increasing rental rates. High Street Residential's multi-family projects are the right product in the right location, we are confident they will be attractive to residents.

GlobeSt.com: What types of new developments are springing up and what is the reason for this phenomenon?

Bills: Dallas is seeing growing demand for developments that offer an “experience” to tenants and residents. As employees demand highly amenitized, flexible workspace, located close to living and entertainment opportunities, our office developments will increasingly include these features. Renters across a range of age and socioeconomic profiles want to live close to work, transit, and entertainment; our multifamily projects are tailored to satisfy this demand. The retail environment is changing and thoughtful retail developments that include shopping, dining, and entertainment formats provide consumers the “experience” they expect.

GlobeSt.com: What are your plans for the new position?

Bills: My focus will remain on executing the exciting projects we have underway and putting strong/excellent deals together. We are actively pursuing new opportunities in all product types and look forward to developing more first class projects with our partners.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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