"We were fortunate to win it. These are all friendly competitors," Chris Taylor, Capstar's principal, tells GlobeSt.com. "And, we were fortunate to come out on top of this one."

With the guard change, the Dallas-based owner, Regis Property Management LLC, is making plans for a multimillion-dollar renovation of the 509,559-sf 600 E. Las Colinas in Irving and eyeing a construction start for the 97,413-sf Three Hickory Centre at 1700 Valley View Lane, which will be the fourth class A office building in the 1,000-acre Mercer Crossing. Work is expected to start within 90 days on both projects.

Capstar also is getting keys to Centura Tower 1 at 14185 N. Dallas Parkway; One Hickory Centre at 1800 Valley View Lane; Two Hickory Centre at 1750 Valley View Lane; and Four Hickory Centre at 1755 Wittington Place. The package has been leased since 2000 by J. Dale Ray, who transitioned about three years ago from Capstar to Jones Lang LaSalle, where he is now senior vice president and regional leasing director. Dallas-based Peloton Real Estate Partners has held the 600 E. Las Colinas assignment since 2002.

This summer has brought a flood of changes locally as assets sell, brokers change shops and third-party building assignments turn over. "There's a sorting out process going on right now," explains Joel Pustmueller, the Peloton partner who has bed down 250,000 sf of leases in the past two years for Regis' Las Colinas Urban Center building. As one set of keys turn, Peloton is getting another set: the 260,000-sf Two MacArthur Ridge, also in Las Colinas, from Houston-based Hines, which had Cushman & Wakefield of Texas Inc. leasing it.

At JLL, the team has picked up six million sf of new assignments in three months as owners shuffle their leasing decks. "For our share of the [Regis] portfolio, we helped to execute about 600,000 sf in three years," Ray says. "We are very proud that we helped the owner move the needle and build value in all of his assets."

Come Monday, Taylor and Capstar vice presidents Rodney Helm and JJ Leonard will be meeting with Regis executives to get final numbers on the leasing work that's left to be done this year. "The buildings are pretty stabilized, with stable rent rolls," Taylor says.

The biggest challenge lies at 600 E. Las Colinas, where occupancy is 66% and the first remodel in nearly a decade is now being planned for the common areas. The pre-renovation quote is $23 per sf plus electric; post-renovation will be $24 per sf to $25.50 per sf plus electric. "It's the biggest opportunity to add value for this client right off the bat," Taylor says. The asset's largest contiguous block is 90,000 sf.

As for the other buildings, Centura Tower's 412,526 sf is 94% occupied. The 15-story building's class AA space is being marketed for $27 per sf plus electric. The new team is getting keys to a fully leased 102,615-sf One Hickory Centre and taking on an 83% occupancy in the 96,127-sf Two Hickory Centre and 81% occupancy in the 226,911-sf Four Hickory Centre. Their class A space is on the market for $19 per sf and $20 per sf plus electric.