Thank you for sharing!

Your article was successfully shared with the contacts you provided.

IRVING, TX-After a 15-year run in the same building, a Chattanooga, TN-based construction company is trading in its Western regional office’s address for a significantly larger location in a higher profile building. The deal’s winner got a 10-year lease for 21,653 sf.

EMJ Corp. Feb. 1 will take over the fourth floor of the nine-story MacArthur Plaza at 5525 N. MacArthur Blvd. in Irving. The construction company’s broker, Bill Dowd, vice president with Dillon Corporate Services in Dallas, tells GlobeSt.com that the stair-stepped agreement has four bumps during the course of the 10-year term, but provides an office double the size of the longtime address at 1301 W. Walnut Hill Lane, just three blocks to the west of MacArthur Plaza. The general contractor is handling the finish-out for class B-plus space emptied about a year ago by Verizon.

Dowd and Greg Langston, Dillon’s principal, started the site search about five months ago, quickly short-listing the locations to two. “It became apparent very quickly that MacArthur Plaza was the ideal building for them,” he says. “They didn’t want to stray too far…and the building ownership offered an aggressive package to lure them to their building.”

The 185,545-sf MacArthur Plaza, equipped with covered parking and on-site deli, has a quoted rate of $15 per sf plus electric. Besides the amenities, Dowd says an upgrade from a three-story, class B building to a higher profile structure with more room motivated the move for the 75-employee regional team. “Their expansion needs should be met for the considerable future,” he says, adding the move coincides with the lease expiration for the Walnut Hill building.

Matt Hurlbut with Transwestern Commercial Services structured the deal for the Seattle-based pension fund adviser and asset manager, Kennedy Associates Real Estate Counsel Inc.

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?



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 © 2022 ALM Global, LLC. All Rights Reserved.