X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-Los Angeles-based Younan Properties has made its second leasing team change in July, giving the job of filling the 349,569-square-foot North Central Plaza III along the Central Expressway corridor to local Bradford Cos. News of the change surfaced less than a week after GVA Cawley was brought on board to fill the 1.4-million-square-foot Thanksgiving Tower in the CBD.

Younan’s vice president, asset management John Cook says the reasons for switching from Jones Lang LaSalle’s team to lease up the early 80s’ office building at 12801 N. Central Expressway were similar to those that led to the switch in the Thanksgiving Tower teams last week. “We wanted to put a new set of eyes on the assignment, get a fresh outlook and see if another route would be helpful to accomplish the lease,” Cook tells GlobeSt.com. “This is absolutely nothing against Jones Lang LaSalle or the performance of the building. We consider them to be a partner in our success in the D-FW area.”

Jones Lang LaSalle will continue working to fill other Dallas area Younan buildings, he continues. Meanwhile, Bradford Cos.has been having a great deal of success filling the 387,000-square-foot 9400 North Central Expressway office building, a Younan-owned asset less than a mile south of North Central Plaza III. “We felt this property dovetailed with the other, so we came to the decision to use Bradford,” Cook says.

Bradford Cos. Sharon Friedberg who is working the new assignment with colleague Melanie Hughes, tells GlobeSt.com that North Central Plaza III is in a location that has attracted a great deal of interest. As a result, stabilizing the 47% occupied building should be fairly straightforward. She says the quoted ask is $15.50 plus electricity, which is a little below the market rate.

“This will allow us to capture price-sensitive tenants,” Friedberg explains. Also helping out is the potential for organic growth in the building. “We have an existing tenant base that is willing to stay and grow there,” she comments, adding that there is no major roll for the remainder of the year.

In the meantime, Friedberg and Hughes are working deals that are in the proposal stage, and Friedberg predicts that things will pop in the coming months. All tenants are welcome, Friedberg comments, though the team would like to attract a drive-through bank. Overall, she remarks, the goal is to try to make the deals as easy and hassle-free as possible.

“We want to make it easy for tenant reps to bring us deals and close them, so they can go on to the next ones,” she adds.

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?

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.