Included in the plan is the 274,684-sf Stanford CorporateCentre, which Prime Income will close on in six weeks andconstruction plans for two buildings that will add 520,000 sf ofclass AA space to the portfolio. "We felt like we needed to makesome changes to re-energize the assets," Scott Porter, senior vicepresident of leasing for Regis Property Management LLC and PrimeIncome's point man, tells GlobeSt.com. Capstar Commercial RealEstate Services of Dallas has been in charge ofmuch of the prized package since October 2007.

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The 412,526-sf Centura Tower I at 14185 N. Dallas Pkwy. willpass to Tim Terrell, executive vice president and partner ofDallas-based Stream Realty Partners LP. With the building at 93%occupancy and Capstar working a 12,000-sf deal, Terrell's chieftask will be to find a lead tenant for the proposed Centura TowerII.

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[IMGCAP(2)]The 425,653-sf One, Two and Four Hickory Centrebuildings are being handed to the same CB Richard Ellis team thatis handling the rest of Prime Income's 1,000-acre Mercer Crossing.CBRE vice president Russ Johnson and senior vice president KathyPermenter are crafting a re-branding strategy for all PrimeIncome-owned buildings in and around the North Dallas park. There-branding includes the 696,524-sf Fenton Centre I and II at1501-07 LBJ Frwy. and the 627,312-sf Browning Place at 1601-07 LBJFrwy.

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Johnson and Permenter also have been tasked with the preleasingcharge for the long-awaited 100,000-sf Three Hickory Centre, an$80-million project. Their other mission is to convince the ownersof the Omni Dallas Hotel at Park West at 1590 LBJ Freeway tosubstitute Mercer Crossing for Park West.

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The 509,559-sf 600 E. Las Colinas will be leased by Mike Pierre,director of the Dallas-based GVA Cawley. He is moving into amultimillion-dollar renovation scenario, set to begin in twoweeks.

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Porter says each asset had a different need that the owner feltwould benefit from the change in today's leasing environment."We're going to be aggressive. We're going to do what we have to doto make deals," he says.

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Porter says Terrell was tapped to lead the Centura play becausehe's shown his skills in the submarket with the 351,872-sf JPMorganInternational Tower III at 14241 Dallas Pkwy., whose new owner slidin its long-time brokerage house, Transwestern Dallas. Porter saysthe sale created an opportunity to get a submarket-savvy brokerwith no assignments for competing buildings in the immediatearea.

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"We're looking for a lead tenant. We felt Stream was in a goodposition to develop a plan and execute that plan," Porter says."Our big push is to get preleasing for Centura Tower II."

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Porter's best guess is that the second tower will cost at least$100 million to build. The 420,000-sf high rise will be similar tothe 15-story Centura Tower I.

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Terrell also will get Stanford Corporate Center at 14001 DallasPkwy. after the deal closes, according to Porter. The deal hasalready gone hard.

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The plan is to tie the 95%-leased Stanford to Centura bydeveloping the extra land that connects them and the freestandinghealth club, Telos Performance Center at 13701 N. Dallas Pkwy.Porter says the land is being sized up for a mid-rise multifamilyproject. "We're also in the process of identifying a hotel," hesays.

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Terrell believes he won the portfolio's crown jewel. "All ofthem are nice, but I've always thought Centura was one of thefinest buildings in the metroplex," he says. The sweet spot is itshigh occupancy and stable lease roll, which he says will allow himto focus on finding a lead tenant for the upcoming project.

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[IMGCAP(3)]For Pierre, his piece is a 72%-leased high rise inthe Las Colinas Urban Center. The 22-story building at 600 E. LasColinas Blvd. has had mechanical systems upgraded, but there'sstill plenty of work to do. Porter says work will begin in twoweeks to revamp the multi-tenant restrooms and fitness center. Alobby overhaul will get underway in 60 days. Bids are now beinggathered.

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"We are positioning it to compete in the Las Colinas market forpremium rents," Porter says. "600 E. Las Colinas is second only tothe Towers at Williams Square, but we need to put some lipstick onit, some very expensive lipstick."

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Porter says the game plan is to build a 2% bump into thestandard 4.5% broker commission for a lease signing at 600 E. LasColinas, much like what was done for the Horizon Lines Inc.coup. "If we can get a repeat performance, we'd love to paya 50% bump in the bonus," he stresses.

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Porter says the decision to change leasing teams began with theHickory buildings and snowballed from there. CBRE has been leasingMercer Crossing for the past year, with talks eventually turning tobranding prospects for all pieces of the park, including anupcoming multifamily project by Icon Partners LLC.

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Porter says the permit is in hand for Three Hickory Centre, withfinancing now being finalized. The plan is to break ground in thesummer and deliver it one year later. Its sisters are the102,615-sf One Hickory Centre at 1800 Valley View Lane; 96,127-sfTwo Hickory Centre at 1750 Valley View Lane; and 226,911-sf FourHickory Centre at 1755 Wittington Place.

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"We always thought it made sense from the get-go to consolidateall the Mercer Crossing assets," says Johnny Johnson, a Capstarpartner. He says the changing of the guard was surprising, but notunexpected given today's leasing environment.

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"Owners' perception today is the market is going down. I nevercease to be surprised how owners will react in this market,"Johnson says. "We had a great run in a very short period of time."He says the pending Centura deal will push it to 100% occupancy.There are 75,000 sf of leases completed or close to completion for600 E. Las Colinas.

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"We're proud of what we've done. We've certainly exceeded anyperformance that's been done previously on those buildings,"Johnson says, adding Capstar still has 20 million sf of third-partycontracts. "But, clients do move around and things do change.Sometimes, you just move on down the road."

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