X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-A North Dallas tenant is ramping up for a move into a 28,175-sf office on the top floor, with some space on the fourth, in the five-story One Stratford Park along Preston Road, a primary artery with the focus of the relocation search.

PBS&J, a national engineering firm, “wanted a quality-type building on Preston Road,” says Mike Pierre, vice president for Wilcox Realty Group in Dallas. The list of possibilities was pared to a few “and we were the fortunate ones to make the deal,” he tells GlobeSt.com. The 92,426-sf office building at 18383 Preston Rd. went to 80% occupancy with a win that backfills space that’s been empty for some time.

Finish-out is underway, with occupancy planned for the near term, Pierre says. The inbound tenant signed a medium-term lease at a building owned by Chicago-based CMD Realty Advisors Inc. The building’s quoted rate is $13 per sf to $15 per sf.

The multi-disciplinary engineering firm, headquartered in Miami, has 3,300 employees in 60 offices. The firm’s in-house real estate broker handled its negotiations for the relocation from 5999 Summerside Dr. while Pierre and Greg Hoffman, also a Wilcox vice president, packaged the deal for CMD Realty.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.