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IRVING, TX-Poynter Scifres Cos., eyeing delivery in March 2007, is off and running on a 106,000-sf, class A spec office project. Like three others in the portfolio, the developer has given leasing duties to its long-time, third-party broker.

Thomas Dyer, now a director in Dallas-based GVA Cawley, took the Poynter Scifres portfolio and two office buildings owned by partnership affiliates of BeerWells Real Estate Services with him when he changed brokerage houses nearly four months ago. Dyer, previously with BeerWells, tells GlobeSt.com that the Offices at 161/Walnut Hill Lane, set to rise on a 6.5-acre site has just secured construction financing–a low-rise building in a high-rise submarket. Lenders weren’t overly receptive due to the submarket’s 20.3% vacancy rate, but the developer’s supporting research about low-rise product, which is 92% filled, won the financing nod while the site was being prepped, according to Dyer. “He made a very strong, compelling case,” he says. “It’s a go. It’s a solid green light.”

And, Dyer points out, it’s the first of two spec office buildings that the developer is planning for the 13.7-acre tract, bought and banked at least a year ago. Hardy McCullah/MLM Architects in Dallas designed the Offices at 161 and Bob Moore Construction Inc. from Arlington is the general contractor. If the construction schedule stays on track, the tilt-wall building will go vertical in early November.

Marketing has just begun for the spec building. “We do anticipate a deal will be done prior to completion of the project,” Dyer says. Talks are opening at $21.50 per sf plus electric.

Since Dyer’s move to GVA Cawley, he also has put US Renal Care Inc. into 12,500 sf in the Princeton at 14651 Dallas Parkway, jumpstarting a corporate relocation from Jonesboro, AR. Dyer says the company signed a 66-month lease, which boosted occupancy to 64% in the 385,619-sf, nine-story building. Meanwhile, he has two more deals that are in the final stage of negotiations to lift occupancy to nearly 75% and backfill most of the vacancy created by Citigroup’s move-out last year.

GVA Cawley director Brian Griggs is teaming with Dyer to market the Arlington, TX-based Poynter Scifres’ buildings and two structures once primarily owned by BeerWells. According to Dyer, the majority ownership change drove a change in the brokerage house. When the dust settled on the switch, Dyer and 750,000 sf had landed at GVA Cawley. Also included in the package is the 127,082-sf Briargrove Place at 17855 Dallas Parkway; 87,081-sf 1600 Lamar Building in Arlington; and 60,000-sf Offices @ Grapevine Parkway I and II at 2550 and 2560 Southwest Grapevine Parkway in Grapevine.

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