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IRVING, TX-Koll Development Co. has snagged a regional office build-to-suit for Regent Center Business Park. The 75,000-sf project, estimated to cost $15 million, will break ground before the month ends.

Epsilon, a Wakefield, MA-based marketing company, penned a long-term lease for the class A building designed to house 340 employees at 4301 Regent Blvd. The two-story structure will include 5,000 sf of data center space.

Tobin C. Grove, Koll’s president, tells GlobeSt.com, that the seven-acre project will take the 123-acre Regent Center Business Park to 75% build-out or 1.2 million sf on the ground at the crossroads of Interstate 35 and LBJ Freeway. “We’ve been working on this deal for three or four months,” he says, citing some competition among his peers for the regional office project. He says the office building, set to deliver in spring 2006, will be a consolidation site for two operations now housed at 2401 Gateway Dr., also in Irving.

Regent Center Business Park has room for Epsilon to expand down the road, if it wants. “Our new building will allow all of our Dallas employees to work together in one location while leaving room for us to continue our growth in the Dallas area,” says Michael Iaccarino, president and CEO of Epsilon.

Trammell Crow Co.’s Dallas team of John Boyle, Phil Puckett and Jonathan Harper represented Epsilon in the build-to-suit talks. The park’s latest addition was designed by Alliance Architects of Dallas. The rest of the team includes DFW Consulting Group and Glenn Engineering; TBG Partners of Austin as the landscape architect; and the Dallas-based Cadence-McShane as general contractor.

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