Worldwide Plaza 2. Picture courtesy of Cushman & Wakefield
Taconic Capital Advisors has inked a 30,650-square-foot lease with accounting and advisory agency Forv/s at Worldwide Plaza 2, a 388,432-square-foot Class A property in Dallas. The total-floor dedication introduced the just lately upgraded constructing’s occupancy to 93 %.
Cushman & Wakefield’s Vice Chairman Matt Schendle, Director Chris Taylor and Senior Affiliate Carrie Halbrooks labored on behalf of the owner, whereas CBRE‘s Government Vice President Clay Vaughn and Senior Vice President Jihane Boury negotiated on behalf of the tenant.
Taconic acquired the asset in 2018 from Two Bushes in a portfolio transaction that additionally included Worldwide Plaza 1, CommercialEdge information exhibits. The property’s roster consists of Trinity Industries, IMA Monetary Group and Crown Assortment Veils & Tiaras.
Inbuilt 2000, the 15-story constructing is positioned at 14221 Dallas N. Tollway and consists of 4 passenger elevators, 27,066-square-foot ground plates and a multi-level lined parking with 1624 spots, in response to the identical information supplier. Located throughout the Platinum Hall submarket of Dallas on a virtually 7-acre lot, the property is near a number of bus stations and to Interstate 635, being 12 miles from downtown Dallas, 16 miles from Dallas-Fort Price Worldwide Airport and inside 36 miles of Fort Price, Texas.
Flight-to-quality development drives leasing exercise
The flight-to-quality development in Dallas is ongoing, with extra firms relocating in high-profile areas with good amenity packages, in an effort to extend worker engagement, famous CBRE’s Vaughn, in ready statements.
Current upgrades at Worldwide Plaza 2 embrace a brand new common-area foyer, a health heart, a convention room, a recreation room and The Lakehouse, a 1,200-square-foot house that includes a espresso store with out of doors and indoor seating. Following the repositioning, CIM Group offered $190 million in refinancing for the pair of workplace buildings in September 2020.
In March 2022, Taconic, along with Champion Companions, secured a $73 million mortgage for the refinancing of Legacy Commons, a 287,000-square-foot workplace campus in Plano, Texas. The property consists of an undeveloped web site of 5.3-acres.
