Behringer Announces Deal to Relocate to New Office in Addison
DALLAS, April 3, 2015 /PRNewswire/ -- Behringer, a multistrategy investment management firm that creates, manages and distributes specialized investments, announced today that it is relocating its corporate headquarters to Tollway Center – a 200,000-square-foot, six-story office building in Addison, Texas.
Behringer, currently headquartered at One Addison Circle, has executed a 10-year lease for a new principal place of business located at 14300 Dallas Parkway, Addison, Texas 75254.The company expects the move to be completed by Q3 of 2016.
"Tollway Center will offer our team a state-of-the-art, amenity-rich, open-office environment that fosters open communication and reflects our company's innovative and entrepreneurial identity, today and into the future," said Jason Mattox, chief operating officer at Behringer. "Addison was the right home for Behringer in 2004 and continues to be vital to our success due to the city's business-friendly atmosphere, its growing residential base, which has allowed many of our employees to enjoy a fantastic work-life balance, and our existing fluency with the city."
JLL, a professional services and investment management company specializing in real estate, represented Behringer in the company's search for a new corporate headquarters.
"Our experience working with Behringer was nothing short of first class, and we were pleased to find their firm a new headquarters in Addison to accommodate future growth," said Jeff Staubach, managing director at JLL. Staubach and JLL vice president Torrey Littlejohn represented Behringer, while JLL executive vice president Jubal Smith and senior associate Matt Samler negotiated business and economic incentives.
Tollway Center, which will be developed by Cawley Partners, will feature an open-air rooftop terrace, fitness center, and indoor cafe. The project first began in June 2014 when Cawley Partners identified six acres of land between Belt Line and Spring Valley Rd. on the west side of the Dallas North Tollway.
"We couldn't be more excited to welcome Behringer to Tollway Center," said Bill Cawley, CEO of Cawley Partners. "From a developer's perspective, you can't ask for more than to kick off the leasing on a brand-new building than with an anchor tenant like them."
Addison Mayor Todd Meier has also praised the deal, and Behringer's commitment to the city, adding, "We are very proud that Behringer has been in Addison since 2004, and we are now excited that they have decided to establish even stronger roots in our community. Their investment in, and commitment to, Addison is a testament to our strong, vibrant business environment. We know that they will continue to be successful here."
About Behringer
Behringer creates, manages and distributes specialized investments through a multi-manager approach that presents unique options for allocating capital, managing risk and diversifying assets. Investments sponsored and managed by the Behringer group of companies have invested into more than $11 billion in assets. For more information, call toll-free 866.655.3600 or visit behringerinvestments.com.
About JLL
JLL is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet, or 280 million square meters, and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $50 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
About Cawley
Cawley Partners is a full service commercial real estate company specializing in national office properties. Based on a strong foundation of 30 years of tenant representation and property management, Cawley Partners acquires, develops, leases and manages from an end user perspective. This marriage of disciplines distinguishes Cawley Partner's platform from other joint venture operating partners. Our investment criteria is value add properties where we can utilize these tools to enhance, reposition, and ultimately create value in properties. Typically as contrarian investors, we pride ourselves on having a keen eye to the market and being out in front of the curve rather than following it.
Jonathan Ball
Behringer
[email protected]
972.387.5403
David Nesmith
Richards Partners
[email protected]
214.891.2864
Brittany Rugg
JLL
[email protected]
214.438.6437
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SOURCE Behringer
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