FARMERS BRANCH, TX—With an eye toward the future, a mortgage company, TexasLending.com recently renewed its 24,850-square-foot lease in a popular submarket. The space is located at The Centre, an 11-building class-A office complex at 4100 Alpha Rd. in the West LBJ submarket.
TexasLending.com specializes in home purchase loans, home equity loans, refinance loans and reverse mortgages. With this renewal, the company is well positioned for several years within a bustling central location with access to a highly educated labor force and growing client base.
Stream Realty Partners represented TexasLending.com in the transaction, led by senior vice president, Todd Noonan. Mark Dowdle and Jordan Myller of Boxer Property Management represented Boxer Property as the landlord in the renewal.
“This renewal will allow TexasLending.com to better serve its clients and to grow additional long-term business,” said Noonan. “The West LBJ submarket vacancy rate is appealing right now, providing new opportunities for tenants.”
The office park encompasses several buildings totaling 838,000 square feet. The campus offers on-site parking and outdoor seating. Within a few minutes of the Centre is an array of restaurants, public jogging trails and retail options at the Galleria Mall.
“The West LBJ submarket has a higher vacancy rate of 20.1% compared to 17.2% in the adjacent Lower Tollway submarket,” Noonan tells GlobeSt.com. “This higher vacancy creates opportunities for tenants. Rental rates in the West LBJ submarket average $4.65 per square foot less than the Lower Tollway submarket.”
TexasLending.com is a family-owned company and since 2001, owner and CEO Kevin Miller has guided the company in opportunities for growth as the needs of homeowners, economic change and new technologies reshape the landscape of mortgage lending.
FARMERS BRANCH, TX—With an eye toward the future, a mortgage company, TexasLending.com recently renewed its 24,850-square-foot lease in a popular submarket. The space is located at The Centre, an 11-building class-A office complex at 4100 Alpha Rd. in the West LBJ submarket.
TexasLending.com specializes in home purchase loans, home equity loans, refinance loans and reverse mortgages. With this renewal, the company is well positioned for several years within a bustling central location with access to a highly educated labor force and growing client base.
Stream Realty Partners represented TexasLending.com in the transaction, led by senior vice president, Todd Noonan. Mark Dowdle and Jordan Myller of Boxer Property Management represented Boxer Property as the landlord in the renewal.
“This renewal will allow TexasLending.com to better serve its clients and to grow additional long-term business,” said Noonan. “The West LBJ submarket vacancy rate is appealing right now, providing new opportunities for tenants.”
The office park encompasses several buildings totaling 838,000 square feet. The campus offers on-site parking and outdoor seating. Within a few minutes of the Centre is an array of restaurants, public jogging trails and retail options at the Galleria Mall.
“The West LBJ submarket has a higher vacancy rate of 20.1% compared to 17.2% in the adjacent Lower Tollway submarket,” Noonan tells GlobeSt.com. “This higher vacancy creates opportunities for tenants. Rental rates in the West LBJ submarket average $4.65 per square foot less than the Lower Tollway submarket.”
TexasLending.com is a family-owned company and since 2001, owner and CEO Kevin Miller has guided the company in opportunities for growth as the needs of homeowners, economic change and new technologies reshape the landscape of mortgage lending.
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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.
