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Commercial Real Estate

DFW’s Top Office Leases and Sales of 2015

D Real Estate Daily published thousands of transactions in its DealTicker last year. We sorted through all of the posts to reveal the year’s top leases and sales for the office sector.
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D Real Estate Daily published thousands of transactions in its DealTicker last year. We sorted through all of the posts—as well as news reports from the site and information from our exclusive data partner, Xceligent Inc.—to reveal the year’s top leases and sales for the office, industrial, and retail sectors, ranked by size (square footage).

Liberty Mutual's new Plano campus
Liberty Mutual’s new Plano campus

On the office front, investor and developer Bill Cawley had a big year in 2015, with his Cawley Partners winning three of the top 10 lease transactions. The largest deal, by a wide margin, was a 1 million-square-foot lease to Liberty Mutual at Legacy West, where KDC is developing the insurer’s new Plano campus. New development was involved in six of DFW’s top 10 leases, with Cawley Partners, Billingsley Co., Granite Properties, and Trammell Crow Co. also breaking ground.

On the sales side, 2015 was a year of big, iconic properties changing hands, with five of the top 10 transactions larger than or just under 1 million square feet. They include Comerica Bank Tower, Galleria Office Towers, and Energy Square in Dallas; Williams Square in Las Colinas; and 777 Main in Fort Worth.

Click here to see the top industrial leases and sales of 2015, and check back on Monday for the year’s top retail transactions.

OFFICE LEASES

1 million sq. ft., Liberty Mutual Insurance, Legacy West, Dallas North Tollway and Headquarters Drive, Plano. Tenant rep: Craig Jablin and Ric Kanatzer of Savills Studley. Developer: KDC, represented by Toby Grove.

420,990 sq. ft., RealPage Inc., Lakeside Campus, 2201 and 2221 Lakeside Blvd., Richardson. Tenant reps: Tim Terrell and Jeff Schweitzer, Stream Realty Partners. Landlord: Cawley Partners, represented in-house by Addie Ludwig and Bill Cawley.

330,000 sq. ft., Fannie Mae, Granite Park VI, S.H. 121 and the Dallas North Tollway, Plano. Tenant reps: Randy Cooper and Craig Wilson of Cushman & Wakefield. Landlord: Granite Properties, represented by Robert Jimenez and Arica Mims.

327,183 sq. ft., CoreLogic, Cypress Waters, Hackberry Rd. and Ranch Trail, Dallas. Tenant reps: Jeff Ellerman, Scott Hobbs, and Mike Scimo of CBRE. Landlord: Billingsley Co., represented in-house by Marijke Lantz.

250,000 sq. ft., Alcatel-Lucent, Independence Pkwy. and Lotus Drive in Plano. Tenant rep: William Callahan, CBRE. Landlord: Cawley Partners, represented in-house by BIll Cawley.

232,000 sq. ft., GEICO, 2280 N. Greenville, Richardson. Tenant reps: Tom Lynn, Nick Lee, and Griff Bandy of NAI Partners. Landlord: 2280 Greenville Venture, represented by Chuck Sellers and Lauren Perry of Peloton Commercial Real Estate.

206,040 sq. ft., AT&T Services Inc., Pinnacle Park, 4331 Communications Drive, Dallas. Tenant reps: Baron Aldrine, Mike Cleary, Mike Kay, Steve Rigby, and Peter Danna with CBRE. Landlord: Cole at Dallas TX LLC.

200,000 sq. ft., PWC, PWC Tower at Park District, Pearl St. and Woodall Rodgers, Dallas. Tenant rep: Phil Puckett of CBRE. Developer: Trammell Crow Co., represented by Dennis Barnes, Celeste Fowden, and Clay Gilbert of CBRE.

193,000 sq. ft., Kubota Tractor, Grapevine Mills Blvd., Grapevine. Tenant reps: Steve Berger and Ann Huntington of CBRE.

190,000 sq. ft., Frontier Communications, 2201 Lakeside Blvd., Richardson. Landlord: GEM Realty Capital and Cawley Partners, represented by Bill Cawley and Addie Ludwig of Cawley Partners.

OFFICE SALES

1.5 million sq. ft., Comerica Bank Tower, 1717 Main St., Dallas. Buyer: Trigate Capital and M-M Properties. Seller: CBRE Global Investors.

1,431,770 sq. ft., Galleria Office Towers, 13155, 13355, and 13455 Noel Rd., Dallas. Buyer: CBRE Global Investors. Seller: Cannon Commercial, represented by Gary Carr, John Alvarado, Eric Mackey, and Robert Hill with CBRE.

1,395,980 sq. ft., Williams Square, 5221 N. O’Connor Blvd., Irving. Buyers: Apollo Global Real Estate, Vanderbilt Partners, and Hillwood. Seller: The Brookdale Group, represented by HFF.

958,445 sq. ft., Energy Square, Greenville Ave., University Boulevard, and Interstate 75 in Dallas. Buyer: Glen Star Properties and USAA Real Estate Co., Seller: Champion Partners, Lincoln Property Co., and Longwharf Real Estate Partners. HFF brokered the sale.

954,895 sq. ft., 777 Main (formerly called Carter Burgess Plaza), 777 Main, Fort Worth. Buyer: The Brookdale Group. Seller: Cousins Properties. HFF put the transaction together.

843,728 sq. ft., 2100 Ross, 2100 Ross Ave., Dallas. Buyer: Thomas Dundon. Seller: Cousins Properties, represented by Eastdil Secured.

634,381 sq. ft., Trinity Towers, Stemmons Fwy. and Inwood Rd., Dallas. Buyer: JP Realty, represented by Mark Jordan. Seller: GE Capital, represented by Evan Stone, Jack Crews, and Lauren Zimmer of JLL.

388,600 sq. ft., 2400 N. Glenville, Richardson. Buyer: Q Investments. Seller: Verizon, represented by Gary Carr, John Alvarado, Eric Mackey, and Robert Hill with CBRE.

378,819 sq. ft., The Centrum, 3111 Wellborn St., Dallas. Buyer: Quadrant Realty Partners. Seller: Andrew Tan, represented by Evan Stone, Jack Crews, and Lauren Zimmer of JLL.

321,324 sq. ft., 1915 Hurd Dr., Irving. Buyer: Bryan Kaminski, W.A. Peavy, and Mariner Real Estate. Brokers: Tom Strohbehn and Scot Farber with Cushman & Wakefield.

To ensure that your DFW deals are featured at D Real Estate Daily—and published in the 2017 print edition of our D Real Estate Annual—please submit your transactions to [email protected].

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