LAS COLINAS, TX—The office building at 1125 Executive Circle was built in 1982 by American College of Emergency Physicians, which occupied the entire building until moving into its new campus along 114 earlier this year. In a relocation from Colonial Plaza, The Patel Law Group PLLC has acquired the 30,694-square-foot office building, which will also be a closing office for Fidelity National Title.
The law group made the acquisition under its asset ownership group, 1125 Executive LLC. Patel Law Group has long wanted to own its real estate and when this opportunity presented itself, the firm couldn't pass it up, GlobeSt.com learns. The Patel Law Group PLLC, under its asset ownership group, plans to renovate the lobby, install a monument sign on the corner of Executive Circle and Corporate Drive, add 23 carports in the parking lot, as well as utilize the existing 3,000-square-foot training room for a common tenant conference lounge. This lounge will be open to all tenants in Las Colinas.
“We have been blessed to be a part of the Irving/Las Colinas community for 10 years and we are excited to now own and manage our own building in Las Colinas. This is a great opportunity for our law firm and closing office, as well as future tenants we hope to attract to our renovated building,” said Rakesh Patel, managing partner.
Kyle Jacobs and Daniel Miller, vice president with Rubicon Representation represented the buyer, The Patel Law Group PLLC. The seller, American College of Emergency Physicians, was represented by Bruce Hecht and Ben Goldthorpe of Swearingen Realty Group.
Rubicon Representation will handle leasing the first-floor vacancy that has 3,000 to 14,000 rentable square feet available and can accommodate a 4.5/1000 parking ratio. This is the first time that 1125 Executive Circle has been available for lease.
“We are extremely excited for The Patel Law Group to relocate their legal and title closing to 1125 Executive Circle. With the dramatic increase in rental rates in the Urban Center and Office Center, coupled with all the amenities located along MacArthur Boulevard, we feel this building offers tenants a great option in the Las Colinas market,” said Miller.
The location of 1125 Executive Circle is a block away from one of the most heavily traveled roads in Las Colinas. MacArthur Boulevard is the main hub for amenities in the Las Colinas market, with a plethora of restaurants, grocers, convenience stores and shopping centers spanning from south of 114 north into Coppell.
“I believe being centrally located to both airports (DFW and Love Field), along with easy access to most major roadway arteries (635, 114, 183, George Bush and 121), gives Las Colinas the edge to surrounding markets,” Miller tells GlobeSt.com. “While the rates have dramatically increased as it pertains to this market, they are still not seeing the record highs of West Plano-Frisco, Addison-Galleria and Uptown Dallas. The Las Colinas market is still a place where value can be achieved for corporations of all sorts and we expect the market to continue to grow with new developments, organic growth and companies relocating to the market.”
LAS COLINAS, TX—The office building at 1125 Executive Circle was built in 1982 by American College of Emergency Physicians, which occupied the entire building until moving into its new campus along 114 earlier this year. In a relocation from Colonial Plaza, The Patel Law Group PLLC has acquired the 30,694-square-foot office building, which will also be a closing office for
The law group made the acquisition under its asset ownership group, 1125 Executive LLC. Patel Law Group has long wanted to own its real estate and when this opportunity presented itself, the firm couldn't pass it up, GlobeSt.com learns. The Patel Law Group PLLC, under its asset ownership group, plans to renovate the lobby, install a monument sign on the corner of Executive Circle and Corporate Drive, add 23 carports in the parking lot, as well as utilize the existing 3,000-square-foot training room for a common tenant conference lounge. This lounge will be open to all tenants in Las Colinas.
“We have been blessed to be a part of the Irving/Las Colinas community for 10 years and we are excited to now own and manage our own building in Las Colinas. This is a great opportunity for our law firm and closing office, as well as future tenants we hope to attract to our renovated building,” said Rakesh Patel, managing partner.
Kyle Jacobs and Daniel Miller, vice president with Rubicon Representation represented the buyer, The Patel Law Group PLLC. The seller, American College of Emergency Physicians, was represented by Bruce Hecht and Ben Goldthorpe of Swearingen Realty Group.
Rubicon Representation will handle leasing the first-floor vacancy that has 3,000 to 14,000 rentable square feet available and can accommodate a 4.5/1000 parking ratio. This is the first time that 1125 Executive Circle has been available for lease.
“We are extremely excited for The Patel Law Group to relocate their legal and title closing to 1125 Executive Circle. With the dramatic increase in rental rates in the Urban Center and Office Center, coupled with all the amenities located along MacArthur Boulevard, we feel this building offers tenants a great option in the Las Colinas market,” said Miller.
The location of 1125 Executive Circle is a block away from one of the most heavily traveled roads in Las Colinas. MacArthur Boulevard is the main hub for amenities in the Las Colinas market, with a plethora of restaurants, grocers, convenience stores and shopping centers spanning from south of 114 north into Coppell.
“I believe being centrally located to both airports (DFW and Love Field), along with easy access to most major roadway arteries (635, 114, 183, George Bush and 121), gives Las Colinas the edge to surrounding markets,” Miller tells GlobeSt.com. “While the rates have dramatically increased as it pertains to this market, they are still not seeing the record highs of West Plano-Frisco, Addison-Galleria and Uptown Dallas. The Las Colinas market is still a place where value can be achieved for corporations of all sorts and we expect the market to continue to grow with new developments, organic growth and companies relocating to the market.”
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