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The Hub Shopping Center is located on Milwaukee Avenue equidistant between a 900,000-square-foot shopping center development Canyon West located at Milwaukee Avenue and Marsha Sharp Freeway.
A recent lease reflects another trend with not only tenants expanding via existing vacancies but larger vacancies being redeveloped for multi-tenant use, given this space was originally a Best Buy and is now a Guitar Center and Spec's.
Co-working stimulates businesses and services in local areas by generating more than $28 million in gross value added annually in the United States, the largest of any country analyzed in the Regus study.
Klee, who held several executive positions at GE, served as GE's vice president of Boston development and operations and led the search for GE's new headquarters and eventual move from Fairfield, CT to Boston.
As young professionals continue a mass exodus from higher cost of living areas, employment opportunities coupled with the absence of state income tax make Texas and Austin the epicenter of this migration.
Tenants requiring 50,000 square feet and larger are looking for space further in advance of lease expiration dates due to constrained supply of class-A inventory within the submarket.
Preston Forest Shopping Center has solely belonged to the Mixon family since its inception in 1961 and after three generations, the family decided to sell the shopping center to Stockdale Investment Group.
Dallas has long been a business-friendly location and infrastructure hub in the center of the country, and Texas maintains strong data center incentives with sales tax exemptions available on large builds of more than $200 million.