High-tech companies arc moving into the Downtown marketplace. and fast-a fortunate situation for Brook Partners, Inc., a full-service real estate company thai specializes in e-centric office environments. Directed by partners John Sughrue. Robert Petrucello, and David Glasscock, Brook Partners has been a leader in the ongoing renaissance of Downtown,
In recent years. Brook Partners has been involved in more than $100 million in property development and redevelopment including Gaston yards, which is the first Deep Ellum institutional apartment project built byJPI;The Paramount Building and the Oil Well Supply Building, which are the first redeveloped office buildings located in the West End: and The Infomart Dallas CBD, a joint venture with NeXcomm Capital Partners that involves the redevelopment of a five-acre site sandwiched between the Fair-mount Hotel and the Dallas Museum into a telecommunications technology campus.
“Downtown is benefiting from two paradigm shifts.” says Sughrue. “The first is the demographic move back to the cities where empty-nesters and Generation D are preferring urban environments. The second is the tidal wave of e-commerce infrastructure investments occurring first in the central cities. You can literally walk the streets of the CBD today and witness the implementation of broadband access whether it’s the trenching of high-speed fiber cables, or the construction of collocation facilities such as our Infomart joint venture facility now under development at the intersection of Ross and Ackard.”
Sughrue continues. “If you want an urban environment and you participate in e~com-meFee, you will be looking to move to Downtown. And, 1 would argue that companies that succeed in our transforming economy will all be e-centric to one extent or another. It’s not just Amazon.com distributing products over the Internet, it’s all of us moving digital packages from one coast to another.”
Brook Partners’ Downtown focus is the direct product of the fact that all three partners hail from large cities and prefer to live and work in the Dallas inner city. While many real estate companies abandoned Downtown. Brook Partners remained rooted in Downtown and is now reaping me benefits of the landslide in Downtown activity.
“Not only have we seen young start-up companies searching for creative alternative space in Downtown, we have seen the e-commerce division of mature companies competing for the same space. As Dallas has become an ever more important center of technology, we see a continued acceleration of interest in Downtown from e-ceniric companies,” says Glasscock.
As for the future. Brook Partners controls the site immediately adjacent to the much anticipated Nasher Sculpture Garden where it intends to construct a signature office building.
“I like the new dynamic Downtown offers,” Petrucello says. “People want and need to be here.”
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