AT&T, DXC Technology, Common Desk, Generational Equity Drive Leasing Momentum
February 18, 2019
Dallas – Transwestern today announces it has secured 187,300 square feet of office leasing at 3400 at CityLine, a 313,000-square-foot, Class A building developed by Transwestern Development Co. (TDC®). These commitments bring the building to 60 percent leased with negotiations for the remaining space underway.
“The quality of these organizations are a testament to the value proposition offered by 3400 at CityLine. We could not be more pleased with the industry mix, corporate brand and long-term commitments that collectively define the group,” said Will Paton, Vice President at TDC. “We look forward to continued momentum as other premier companies seize this opportunity to upgrade their workplace.”
Transwestern Commercial Services (TCS) Managing Director Duane Henley and Principal Nathan Durham provide office leasing services on behalf of the ownership – a joint venture between TDC and a fund advised by UBS Asset Management. Additionally, Malouf Interests acts as a strategic partner and investor alongside TDC.
DXC Technology Co. has leased 100,300 square feet, while AT&T Services has signed its advertising analytics group, Xandr, to 24,700 square feet. Generational Equity is relocating its corporate headquarters, having leased 30,800 square feet, and Common Desk, a Dallas-based boutique coworking provider, will occupy 31,500 square feet.
“We are excited to partner with 3400 at CityLine to further expand Common Desk’s platform within the metroplex,” said Nick Clark, CEO of Common Desk. “3400 at CityLine is Richardson’s premier asset and perfectly aligns with our commitment to creating a comfortable, collaborative and productive environment with all the amenities desired by today’s top professionals.”
3400 at CityLine is located within one of the largest transit-oriented developments in Dallas-Fort Worth. The CityLine development comprises 2.5 million square feet of office space, 2,500 apartment units, multiple hotels and more than 25 restaurants anchored by a Whole Foods. Sitting along the Spring Creek Trail System, tenants are connected to a 4.5-mile network of trails and the 100-acre Spring Creek Nature Area.
3400 at CityLine features fully structured parking at five spaces per 1,000 square feet within a connected, eight-level garage. The five-story building offers efficient floorplates and abundant natural light through 10-foot, floor-to-ceiling glass. The state-of-the-art design is ideal for dynamic companies seeking a progressive environment to attract and retain the rising generation of young professionals.
Building amenities include a 1-acre outdoor event lawn, shuttle access throughout CityLine, deli with tenant lounge and a fitness center. Common Desk will provide additional building amenities including an on-site coffee bar, flexible enterprise leasing solutions, and building programing for everything from fitness classes to conference room reservations to happy hours, all managed through the Ellum® app.
Founded in 1978, Transwestern has developed office, industrial, multifamily and healthcare projects across the United States. Since 2000, the Transwestern enterprise has completed projects valued at more than $6.2 billion.
ABOUT TRANSWESTERN DEVELOPMENT CO.
Transwestern Development Co. (TDC®) is a diversified business with expertise in all commercial property types. The firm executes projects through a variety of venture and contract structures and has been creating commercial landmarks for itself, its partners and valued customers throughout the U.S. since 1978. TDC operates as a principal, investing capital alongside its institutional equity partners in the development of speculative and build-to-suit projects, and as a fee developer for clients and user-owners. Part of the integrated Transwestern enterprise, the firm capitalizes on the market insight and operational expertise of its affiliates, which include a diversified real estate services firm with 34 U.S. offices and a real estate investment management company. For more information, visit transwesterndevelopment.com.
ABOUT TRANSWESTERN COMMERCIAL SERVICES
Transwestern Commercial Services (TCS) is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service and innovative client solutions. Applying a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global organization adds value for investors, owners and occupiers of all commercial property types. We leverage market insight and operational expertise from across the Transwestern enterprise, which includes firms specializing in development and real estate investment management. TCS has 34 U.S. offices and assists clients from more than 200 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.