Visibility, Access and Amenities Garner Office Tenants

The five-story project will be developed by a joint venture.

RICHARDSON, TX—According to Transwestern research, the Richardson/Plano, TX market currently has more than 706,000 square feet under construction, 76% of which is preleased. The existing inventory of class-A office space is currently 90% occupied. Last year, the market absorbed 1.52 million square feet of class-A office space. 3400 @ CityLine , a 310,000-square-foot speculative office building, is soon to be located at 3400 N. Central Expressway. When completed in mid-2017, the class-A building will be adjacent to the 183-acre CityLine campus. The five-story project will be developed by a joint venture including a fund advised by the real estate business of UBS Asset Management, Transwestern Development Co. and Malouf Interests . “We look forward to this new addition in Richardson’s Telecom Corridor area,” said Richardson mayor Paul Voelker . “There has been tremendous interest in and around the CityLine project, and we are excited to see a company like Transwestern Development Co. attracted to the neighborhood to build a class-A commercial office. Tenants will benefit from multiple on-site amenities within the facility. This includes a premium deli and lounge area, fitness center with locker rooms and a 40,000-square-foot exterior courtyard that can be used for building and corporate functions. The building will feature floor-to-ceiling glass, 10-foot finished ceiling heights and premium common area finishes throughout. The floorplate design allows for high-density layouts with above-code restroom fixture counts and safety exiting capacity. The property will offer approximately five parking spaces per 1,000 square feet within a secured, multilevel parking structure. 3400 @ CityLine is situated in close proximity to the George Bush DART station, and adjacent to Highway 75 and the George Bush Tollway, providing employees with convenient access from all across the Dallas metro. “This project’s proximity to the CityLine restaurants and amenity base, DART, excellent visibility and convenient access make it unique in this market,” said Transwestern Development Co. managing director Reid Caldwell . Transwestern managing director Duane Henley and senior principal Nathan Durham are providing leasing services. Caldwell tells GlobeSt.com: “3400 @ CityLine is uniquely designed to provide occupiers a significant advantage in recruiting and retaining top talent. Walkability and proximity to amenities, such as the Spring Creek hike and bike trail system, and transportation are highly rated desires among young professionals. 3400 @ CityLine provides the ideal environment for employers to recruit and retain, and also allows tenants to maximize the efficiency of their space.” Construction financing is being provided by a consortium led by Amegy Bank N.A. , a division of Zions Bank N.A. , and includes American National Bank of Texas and Commerce Bank , a Missouri bank and trust company. The consultant team includes architect, BOKA Powell ; structural consultant, Cardno Haynes Whaley ; mechanical, electrical and plumbing engineer, DBR ; civil engineer, Halff & Associates ; and landscape architect, Pacheco Koch . “The Richardson/Plano market continues to outperform every other class-A submarket in the Dallas-Fort Worth area, demonstrated by the high demand for quality office space and robust leasing activity,” said Henley. “We are confident that the thoughtful design, superior visibility and access of 3400 @ CityLine will make it a highly sought-after project.”