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

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

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

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 firmFull Article – Dallas Business Journal, May 18, 2012