The towers are owned in partnership between an investment fund managed by a subsidiary of Apollo Global Management, Vanderbilt Office Properties and Hillwood Urban. The partnership has renewed two long-term leases of approximately 110,000 square feet of combined office space. Franklin American Mortgage Company is renewing 58,200 square feet, while C-III Asset Management LLC is extending its lease for 51,400 square feet.
C-III, a commercial real estate loan service provider and subsidiary of C-III Capital Partners, is occupying two floors in the four-tower complex that is the centerpiece of the Las Colinas Urban Center. The new design will capitalize on the open-floor concept and include glass-enclosed office spaces, as part of the growing trend in office design.
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