Tag: Dallas Business Journal

Younger Partners Finishes Top 10 in DBJ’s 2018 Best Places to Work

The Younger Partners team is humbled to finish in the Top 10 of in the medium category of the Dallas Business Journal’s 2018 Best Places to Work. Thanks to our leadership & the entire team for making this a Best Place to Work. #dfwworks #bptw #teamwork #togetherwewin See the full rankings here.

The BPTW event was deemed “DFW’s biggest company picnic” at the Dr Pepper Ballpark Center in Frisco with colleagues and families invited to join in corn hole, giant Jenga, the hula hoop hustle, among other fun and games.

Younger Partners’ Republic Center Lease Wins 2017 DBJ Best Real Estate Deal of the Year for Neighborhood Impact

Younger Partners was awarded the Dallas Business Journal Best Real Estate Deal of 2017 for Neighborhood Impact for the AIA Dallas & Dallas Center for Architecture lease at Republic Center. YP’s Kathy Permenter, Trae Anderson and Sarah Savage represented Republic Tower. Solender/Hall’s Eliza Solender represented AIA. #DallasBRED?
  For the full list of DBJ winners, click here.

Dallas Business Journal – Billingsley says full sails ahead for Cypress Waters development

By Candace Carlisle, Staff Writer

It’s been more than a decade since Lucy Billingsley initially spotted the large parcel of land near Interstate 635, once owned by Dallas-based TXU Energy, but she still remembers seeing the property and thinking it would make an excellent plot to develop.

The longtime Dallas developer kept in touch with the energy company, hoping to land the 1,000-acre tract, and piece-by-piece, she did.

“It’s so rare to find 1,000 acres of land that’s infill property and near water,” said Billingsley, a partner at Dallas-based Billingsley Co. “In Dallas, you don’t find it.”

Now, Billingsley has jump-started the $3.5 billion master-planned, mixed-use development at the northeast corner of Belt Line Road and Interstate 635 calledCypress Waters, which recently landed the headquarters for Irving-based Cheddar’s Casual Cafe.

“It’s a long-term development that is launching with a lot of momentum,” Billingsley said. “It’s really been thrilling and the speed of development is really exciting.”

Real estate sources say they expectCypress Waters to land some big corporate tenants in the market. The developer has three office buildings underway to attract some of those tenants, as well as a corporate campus park.

Plans for the massive project include a corporate campus of 4.5 million square feet of office space, 10,000 apartments and townhomes, 400,000 square feet of retail space and three one-acre parks.

The project’s proximity to Dallas/Fort Worth International Airport, as well as the rest of North Texas, is one of the reasons why corporate America is taking notice of Cypress Waters, saidMarijke Lantz, a senior vice president at Billingsley Co.

“A company can pull employees together throughout the Metroplex,” Lantz said.

Cheddar’s ability to expand its North Texas headquarters at Cypress Waters drove the restaurant chain’s decision to set up shop in the master-planned community, said Rick Payne, a Cheddar’s senior vice president.

Cheddar’s is Cypress Waters’ first corporate tenant. The single-story, 31,450-square-foot build-to-suit project at 8951 Cypress Waters Blvd. in Irving is expandable to accommodate future growth.

As the restaurant expands, Cheddar’s plans to hire more corporate employees to support the operations in the chain’s 150 restaurants throughout the United States.

Along with Billingsley’s development plans, the city of Coppell is readying to start lowering a 700-acre lake on the site to 362 acres. The downsized lake will be used in the master-planned community, which will include a five-mile nature trail around the lake, a park setting reminiscent of White Rock Lake in Dallas, as well as lakeside dining options.

Billingsley said the firm’s in the midst of plans to develop alongside the water’s edge.

“We have the opportunity to create a space that’s quite special,” she said.

Complete Article

Dallas Business Journal – What makes the $3.5B Cypress Waters project so alluring? (Video)

It’s been than a decade since Lucy Billingsley first spotted the large parcel of land near Interstate 635, once owned by Dallas-based TXU Energy, but she still remembers seeing the property and thinking it would make an excellent plot to develop.

The longtime Dallas developer kept in touch with the power company, hoping to land the 1,000-acre tract, and piece-by-piece, she did.

“It’s so rare to find 1,000 acres of land that’s infill property and near water,” said Billingsley, a partner at Dallas-based Billingsley Co. “In Dallas, you don’t find it.”

Now, Billingsley has jump started the $3.5 billion master-planned, mixed-use development at the northeast corner of Belt Line Road and Interstate 635 called Cypress Waters, which recently landed the headquarters for Irving-based Cheddars Casual Cafe.

And that’s not all. Real estate sources say the project is contending for a number of large corporate tenants in the North Texas market.

Complete article.

Dallas Business Journal – Dallas ranks as fourth-fastest-growing metro area in U.S.

Dallas is the fourth-fastest growing city in the United States, according to Forbes listof America’s 20 Fastest-Growing Cities2014.

That should come as no surprise to those of us who live in the area and see the steady stream of new residents and businesses and growth in many of the long-standing businesses that call DFW home.

Dallas’ 2013 population growth rate was 1.91 percent, Forbes said. The median pay rate in the Dallas-Fort Worth-Arlington MSA was $66,700 and the unemployment rate was 5.83 percent, Forbes said.

Austin led the list with a population growth of 2.5 percent, followed by Raleigh, N.C., and Phoenix, Ariz. Houston ranked No. 10 on the list, with a population growth rate of 1.82 percent and San Antonio fell in at No. 20.

DBJ -Complete article.

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

 

 

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

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

Dallas Business Journal: Younger, Permenter build new real estate firm in Dallas

It’s been less than a month since Moody Younger and Kathy Permenter resigned from Grubb & Ellis, but in that time, the world has changed for the real estate duo.  Younger and Permenter — along with several former Grubb & Ellis brokers — have formed Dallas-based Younger Partners Commercial LLC, Dallas’ newest commercial real estate firm. Full Article – Dallas Business Journal, May 18, 2012