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REATA Joins ATR

Post By : admin 9 April 2015 Leave a comment

ATR logo
REATA Commercial Realty, Inc. recently joined The Alliance of Tenant Representatives. ATR is an invitation-only membership organization comprised of the top corporate real estate firms that represent only business space users – the tenants and buyers. To meet the strict membership requirements, member firms must:

1. Serve and assist only clients in the business use of their company real estate, and not represent landlords, developers, or investment property owners.

2. Be market leaders in their specific geographic location(s) in tenant and buyer representation.

3. Be run by principals with not less than a decade of proven corporate real estate experience.

4. Agree to be bound to the Canon of Ethics to protect clients’ interests with integrity, intelligence, and the highest level of professional service.

Being a member of ATR will allow REATA to leverage the experience and resources of other member firms particularly when a client has a need for office or warehouse space in other cities in the US.

For more information on ATR: wws.alltenrep.com

For more information on REATA: www.texastenantrep.com

Categories: Uncategorized

Dallas = Heaven?

Post By : admin 10 December 2014 Leave a comment

I always wondered if Dallas was heaven. Here is confirmation.
Dallas HeavenDallas Heaven 2

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The $5 Billion Mile

Post By : admin 7 November 2014 Leave a comment

Last week I blogged about the new $900 million development in Plano. Well the jealous sister to the north (Frisco) loves to upstage Plano and announced The $5 Billion Mile this week (website). The $5 Billion Mile is stands for the $5.4 billion estimated value of 4 new developments along the Dallas North Tollway between Warren Parkway and Lebanon Road.

These developments include the Cowboys World Headquarters, Frisco Station, The Gate and Wade Park. Two of these projects have already broken ground with the others planned for the next year or so. Here are the projected totals:

549 acres
Office – 11.7 million square feet (SF)
Retail – 1.2 million SF
Hotels – 5 with 1,230 rooms
Single Family Homes – 200
Apartments/Condos – 3,700 units
Stadium – 12,000 seats

And these numbers don’t include all the other one-off developments going on Frisco at the same time. Some of the names already signed include Whole Foods, iPic Theatres, Pinstripes, Omni Hotels.

This is a very ambitious time for Frisco. I’m excited about it and hope it all happens as announced. It’s hard to imagine, however. For example, 11.7 million SF of office space is about 4 times the total square footage currently in Frisco today. Net absorption (the change in occupied SF) was only 131,700 SF. Extrapolating those numbers would mean that 11.7 million SF of new office product would be equal to 44 years of demand. Of course, demand is never linear and a few large corporate relocations could take a huge chunk of this off the market.

If you need new office space or have a lease renewing in the next few years, please call me and I would be happy to work with you to create a strategy for your company’s future office or warehouse needs.

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