Jeff Thornton, senior vice president of Duke's Dallas operations, says interviews began first with professionals to replace its 3.5-year leasing director, Blair Oden, who jumped to CB Richard Ellis to become managing director of institutional business. The search was expanded to include firms that could work with Duke's other office leasing broker, Ben Appleby.

"We interviewed a lot of people and groups. It became pretty apparent that Peloton would be a great fit for us," Thornton tells GlobeSt.com. "We really bought into their system of leasing buildings and treating people in an ethical way and putting customer service first. It was almost like looking in a mirror."

Peloton principal Dale Ray will team with Appleby to find and sign tenants for the 150,492-sf One Allen Center at 700 Central Expwy. in Allen; 160,263-sf Duke Bridges III at 7460 Warren Pkwy.; and 179,365-sf Point West I at 1525 S. Belt Line Rd. in Coppell. "All three are different kinds of buildings," points out Joel Pustmueller, partner and co-founder of Dallas-based Peloton, which has scooped up 1.5 million sf in office leasing assignments in the past two months.

One Allen Center is the true class A and the only one in its suburb. The six-story building is 35% occupied. "It's the nicest building out there," Pustmueller says, adding it's primed for smaller office tenants. The quoted rate is $21.50 per sf with a $25 per sf tenant-improvement allowance.

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Duke Parks 500,000 SF of Office With Peloton

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