Category: News

Dallas Business Journal – Billingsley to develop Cheddars’ new corporate headquarters in Irving

By Candace Carlisle, Staff Writer

Dallas-based development firm Billingsley Co. plans to build the new Irving corporate headquarters for Cheddar’s Casual Cafe, which marks the beginning of a number of construction projects at Cypress Waters.
Cypress Waters is Billingsley’s 1,000-acre master-planned development underway in Dallas and Irving, which has been developing the corporate campus portion of the project.

The developer will start construction on the single-story, 31,450-square-foot build-to-suit project in May at 8951 Cypress WatersBlvd. near Ranch Trail and Interstate 635 in Irving. Cheddar’s will have the ability to expand the building for future growth.

“As Cheddar’s continues to expand nationwide and our support center increases to support 150 restaurants in 28 states, it was clear we needed a headquarters that could accommodate our growing team,” Rick Payne, a Cheddar’s senior vice president, said in a written statement.

“Our new space at Cypress Waters will offer an open, collaborative design flow, a test kitchen for research and development and a training wing,” he said.

Jim Montgomery and William T. Mason of Swearingen Realty Group LLC represented Cheddar’s Restaurants. Moody Younger of Younger Partners represented the developer in the deal.

The new Cheddar’s headquarters will be Cypress Waters‘ first corporate office tenant.

Complete Article

 

 

DallasNews: Billingsley Co lands major tenant for its Cypress Waters project

Restaurant chain Cheddar’s Casual Cafe is moving its headquarters to developer Billingsley Co’s new Cypress Waters office park.

The company will relocate to a new 31,450 square foot office project that will start in late May at on Ranch Trail and Interstate 635.

Complete article.

Dallas Morning News: Dallas has second highest U.S. office leasing in 2013

The Dallas-area was one of the top office leasing markets in the country in 2013, fueled by Texas’ booming economy.

Dallas was second only to New York in terms of net office leasing in 2013, according to a new report from commercial real estate firm Cassidy Turley.

New York was the largest leasing market with 7.1 million square feet, followed by Dallas with 4.2 million square feet and Houston with 3.9 million.

Complete article.

Bisnow Scoop: Younger Partners’ Dustin Volz and Zane Marcell

A new year, a new look: The vacant, 64k SF 1400 Corporate Dr in Irving has been snatched up by Triad Real Estate Consulting, which plans to upgrading the lobby and common areas, among other renovations, we learned exclusively from the seller’s rep. (This is your chance to put a bowling alley in the basement… just sayin’.)

Younger Partners’ Dustin Volz and Zane Marcell (whom we snapped over lunch) repped the seller, an out-of-state investment group. Sales price was not disclosed. Dustin says he’s continuing to see a major price recovery, especially in the Class-B and C assets over the last nine to 12 months in DFW. Things have particularly picked up since March. (Everyone got through St. Patty’s Day alive and decided to buckle down.) A few reasons: the shortage of product, a very aggressive leasing market, and out-of-state buyers back in full force, helping bump up prices.

Click here for complete article.

Bisnow’s New Construction and Development Summit

Billingsley SVP investments and build-to-suits Marijke Lantz (far right, with Pegasus Ablon asset management VP Mark Roppolo and Younger Partners partner Moody Younger) says Billingsley’s 1,000-acre Cypress Waters project at LBJ and Belt Line opened 675 multifamily units (that were pre-leased) and has three buildings under construction, one with a HQ company, one spec, and activity is so strong that the firm is following up with another spec building. Her advice to people entering real estate world: Learn new things and learn all sides of the business to help your clients. Having a good reputation for being ethical and moral will benefit you throughout your career.

Dallas News: Fashion retailer J. Hilburn leases a north Dallas HQ

Men’s fashion retailer J. Hilburn has rented space in a North Dallas office tower for its home office. The company leased 26,000 square feet in the Park Central 3 building on LBJ Freeway.

Brant Landry of E. Smith Realty Partners negotiated the lease with Nora Hogan, Robert Deptula and Natalie Snyder of Transwestern and Kathy Permenter and Sean Dalton with Younger Partners.  J. Hilburn is currently located at 2601 W. Mockingbird Lane in Dallas.

“Park Central 3 is allowing J. Hilburn to take the next step in our company growth plan,” said co-founder Veeral Rathod. “Our new corporate headquarters provides a cohesive work environment and an efficient layout.”  Complete article.

Dallas Business Journal – September 5, 2013 – Billingsley to begin work on ReachLocal office building

Dallas-based development firm Billingsley Co. will begin construction on its latest office project in Plano by the end of the month.
Once developed, the 180,000-square-foot, three-story building at 6111 W. Plano Pkwy. will serve as the regional offices for Woodland Hills, Calif.-based online marketing firm ReachLocal Inc., which currently operates from the International Business Park.
Complete article

D Real Estate Daily: Carter Crow Joins Younger Partners

Younger Partners has tapped Carter Crow to help the company grow its industrial real estate services business. He’ll bring with him 1.2 million square feet of leasing assignments to the company, including Billingsley Co.’s Turnpike portfolio. Full article

DallasNews BizBeatBlog – Dallas real estate firm expands industrial operations

Dallas commercial real estate company Younger Partners is expanding its industrial property operations with the addition of a new exec.

Carter T. Crow has joined the firm as a managing partner charged with growing the company’s warehouse business.  Full Article

University of Oklahoma’s 2013 Regents’ Alumni Award Honoree – Trae Anderson

Presented by the OU Board of Regents and OU Alumni Association, the Regents’ Alumni Award honors the important roles of OU alumni and supporters to the life of the university. A committee formed by the Alumni Association selects the award recipients from nominations made by alumni, friends, and OU faculty and staff. Each year’s recipients receive a plaque and their names are engraved on a permanent plaque in Oklahoma Memorial Union.

Trae Anderson has provided leadership to the OU Club of Dallas Board since 1999. In addition to 14 years of service on the club’s Board of Directors, he also has twice served two-year terms as president. As president, his goal was to keep the OU standard high above others in the North Texas area. Anderson embodies the Sooner Spirit, from helping with student recruitment, and the newly established Beat Texas Lunch, and the annual Sooner Club Caravan, to supporting University Development or rolling up his sleeves to set up tables at game day watch parties, he lives and breathes Sooner. His dedication to scholarship fundraising led the board to gifts of some $300,000 during his presidencies.

His first chaired event, “The Really Really Big Best Texas Party,” was focused on encouraging participation of younger alumni. As chair of the event from 1999 to 2004, the event generated more than $280,000.

Anderson’s creativity and dedication to OU is contagious to others on the board. As a leader, he embraced change and favored new ideas, even if they were not his own. To foster relationships with younger alumni, Anderson spearheaded an effort within the leadership of the OU Club of Dallas to involve and encourage new leadership through term limits. The result was a revitalized leadership in which no current board member has served more than eight consecutive years. The OU Club of Dallas provides the most volunteer and financial support of any OU Alumni Club. The achievements of the club, which celebrates its 65th anniversary this year, have been made possible by the tireless leadership of alumni like Anderson, who is a 1994 graduate with a Bachelor of Arts in Public Relations and a minor in History.

Trae currently serves as a Principal at Younger Partners, a top-rated Dallas Based Commercial Real Estate Firm.

Insight: DFW Office Market – Sublease Space Update May 2013

As office market conditions continue to tighten in North Texas, what is happening to the region’s sublease space? Are there opportunities for companies seeking low-cost space and, if so, where are these leasing options located? Continue reading Insight: DFW Office Market – Sublease Space Update May 2013

RealPoints: Spec Office in the Works at Billingsley Co.’s Cypress Waters

Younger Partners will handle leasing for the new office facility, as well as build-to-suit projects. Moody Younger said market conditions favor the Cypress Waters development, and cited the project’s freeway access, proximity to Dallas/Fort Worth International Airport, and amenities like a 362-acre lake as key lures.

“There are limited big-block vacancies, and transaction momentum increases daily,” he said. “I expect this combination to result in rapid lease-up.”

Full Article: RealPoints – Spec Office in the Works At Billingsley Co.’s Cypress Waters

Insight: Consumer Spending Rises Amid Signs of Optimism March 2013

Consumer spending has rebounded since the end of the last recession with the latest estimates released by the US Bureau of Economic Analysis (BEA) showing that personal consumption expenditures (PCE) increased $18.2 billion, or 0.2 percent, in January 2013. While consumers pulled back on purchases of durable goods in January, expenditures on services increased by $27.9 billion, or 0.4 percent. Consumer spending accounts for roughly 70 percent of GDP in the US.

Download Full Article – Insights: Consumer Spending Rises March 2013

 

Dallas Morning News: Two Arts Plaza: Moody Younger and Kathy Permenter hired to market Two Arts Plaza

“It’s going to be a fun project to work on,” Younger said. “The business signage opportunities and the visibility on Woodall Rodgers and in the Arts District are second to none.”  See the full article.

Dallas Business Journal – DFW leasing brokers stung by moves in-house

There are three reasons why property owners decide to bring their building leasing and

management in-house, said Moody Younger of Younger Partners. Those reasons include saving

money on broker’s fees, increasing the attention on the property and the desire to create a brand

for the building, he said.

“I think this is cyclical,” Younger said. “It happened in the mid-90s and it’s happening now. Part of

that is that there’s been so much growth and consolidation in the service area and it has become

commoditized. Some of that is the industry’s fault.”

There’s a perception from property owners that brokers are spread too thin, or are not focused on

their properties — something the industry has to change, said Kathy Permenter of Younger

Partners. That perception is fueled by some brokerage firms that own competing properties, she

said.

“We haven’t lost assignments, but as far as the third-party portfolio in the market, it’s been

decreasing as property owners go in-house,” Permenter said. “It will come back around.” Full Article – Dallas Business Journal, DFW leasing brokers stung by moves in house