IRVING, TX—Las Colinas led the Dallas-Fort Worth market in office leasing activity during the third quarter of 2017, with 505,905 square feet in new deals and renewals—topping Legacy/Frisco and Uptown, according to Cushman & Wakefield research. During the first nine months of the year, Las Colinas recorded 1.6 million square feet in leasing activity.
“We're seeing a continued increase in interest the Las Colinas office market, due to tremendous investments in road and light rail, which makes commuting easier, and the explosive growth in multifamily and entertainment development,” says Randy Cooper, vice chairman, Cushman & Wakefield. “Las Colinas was amenity-starved for years, but that's all changing with The Music Factory, Water Street and other new projects. Las Colinas has fantastic access to both DFW International and Love Field airports. It's fundamentally strong and checks all of the site-selection boxes.”
Taking full advantage of those amenities at Las Colinas, research and advisory company, Gartner Inc., has completed a 152,086-square-foot full-building lease through 2034 at 6011 Connection Dr. The property is one of 10 total properties representing approximately 2.1 million square feet of class-A office space owned by Piedmont Office Realty Trust Inc. in the greater Dallas market.
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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.
