DALLAS-Another new company has risen in Dallas as two veterans bond for development opportunities. The going-forward plan is to secure a few projects and then begin filling in the ranks of Creststone Development Services LLC.

Terry Lowrey, Cawley Wilcox Cos.’ senior vice president of development, has teamed with Brad Camp, president of Dallas-based Westwood Management, for the venture. Lowrey is president and Camp, chairman and majority owner.

“What brought us together,” Lowrey tells GlobeSt.com, “was his land component.” Camp owns several tracts in Frisco zoned for office and retail build-out. And, now he and Lowrey are searching the market to beef up the land portfolio, looking hard along the Dallas North Tollway, and talking to clients about spec development prospects.

“Creststone won’t do any spec on its own,” Lowrey says, “but we will do spec for a client. I’d like to have something under contract this year. I think that’s doable.” The first-year goal is to land one to three projects.

“We tend to believe like a lot of others in the industry that it seems to be picking up,” Lowrey says. “If we position ourselves in the market, doing our job correctly, we should be able to be ready for the uptick.”

Lowrey and Camp met on Cawley Wilcox’s development of JPMorgan International Plaza. For the past year, Lowrey and Cawley’s Todd Ashbrook shared top duties for the firm’s development arm.

“He had an opportunity to be a principal,” Bill Cawley, president of Cawley Wilcox, says of Lowrey’s exit. “He was an integral part of our company, but he felt like he got an opportunity he couldn’t pass up. We wish them both well.”

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

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 © 2024 ALM Global, LLC. All Rights Reserved.