LAS COLINAS, TX-Effective immediately, Transwestern Commercial Services is taking control of the leasing and management contract for the 185,000-sf MacArthur Plaza, a nine-story office building at the intersection of MacArthur Boulevard and Walnut Hill. “It’s one of the more attractive buildings available in the office center of Las Colinas,” Kim Vincent Butler, Transwestern’s executive vice president and Dallas City leader, tells Transwestern has snagged the contract from Dallas-based Prentiss Properties.

The 17-year-old, class-A structure is owned by New York-based Lend Lease Real Estate Investments, one of several institutional owners throughout the years. It had last been renovated in 1995.

The multi-tenant structure is 90% leased. “We currently have leases and tenant expansions that are working that should bring it up to the high 90s in 90 days,” says Butler. The property is leasing for $23.50 per sf plus electric.

Chicago-based Transwestern has been on a fast track in recent months, sealing leasing pacts in Texas metropolises. A week ago, Transwestern had disclosed it now holds the leasing contract for the 88,066-sf Lakepoint at Las Colinas, formerly occupied by the Microsoft College. In late November, Transwestern’s San Antonio office landed leasing duties for the 415,000-sf portfolio of Koll Bren Schreiber Realty Advisors. And a few months earlier, the Dallas team snagged a high-profile, five-year contract to handle leasing at the 500,000-sf Providence Towers, site of Transwestern’s new Dallas office. Transwestern had leased space for 22 years at 3 Forest Plaza along Merit Drive.

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