The Dallas-based developer and equity partner, ORIX Real EstateCapital Inc. of Chicago, bought the 52-acre site in February,getting 1,600 feet of frontage along Belt Line Road on theairport's eastern side. "It's an amazing piece of property. Therereally aren't any comparable sites to this in this market," saysJason Nunley, the developer's vice president. It's possibly thelargest undeveloped tract in the submarket that isn't airport land,he adds.

Nunley tells GlobeSt.com that Parc/114's all-in development costis slightly more than $30 million. As part of the make-ready planfor the new project, Jackson-Shaw has hired Dallas-based Stream'smanaging director and partner Chris Jackson, vice president BobHagewood and senior associate Blake Kendrick for the tenant chase.The opening quotes will be $5.50 per sf to $10 per sf withtenant-improvement allowances from $10 per sf to $20 per sf,according to Nunley.

"From the activity we've received, we've had tremendous feedbackfrom the brokerage community as a whole for this product andlocation," Nunley says. The 28-acre phase one's buildings are34,574 sf, 78,614 sf, 104,819 sf and 133,010 sf.