DALLAS, July 2, 2014 /PRNewswire/ -- Transwestern today announces it has been awarded the property and facilities management for CityLine, a 186-acre, mixed-use project being developed by Dallas-based KDC. The project is currently under construction at the southeast corner of Highway 75 and the President George Bush Turnpike in Richardson, Texas. The project features 2 million-square-feet of office space to be leased by State Farm Insurance, 1,700 apartment units, a boutique hotel and entertainment center, a medical office facility, a Dallas Area Rapid Transit stop and a 3.5-acre park. Transwestern will manage all aspects of property operations, tenant relationships, mixed-use enrichment programs and comprehensive accounting and financial reporting.
"CityLine is certainly one of the most exciting and dynamic developments in North Texas, and we are proud to be a member of this exclusive team," said Jack Eimer, president of Transwestern's Central region. "This project is also the largest mixed use property / facilities management assignment that we've undertaken in the Central region. We look forward to continuing to grow our portfolio."
"CityLine is the ultimate work/play/live environment," said Mike Ogden, Transwestern principal and managing senior vice president of property and facilities management. "Our team of experienced professionals is eager to take on the complex needs and requirements of this unique project."
The first phase of development is scheduled for completion in June 2015. State Farm will begin using the CityLine facility in Richardson beginning in late 2014, with employees beginning to occupy the facility throughout 2015.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com and follow us on Twitter: @Transwestern.
KDC, one of America's leading commercial real estate development and investment companies, provides a full range of commercial real estate services including corporate build-to-suit development, acquisitions, corporate facility project/construction management, project financing, asset and land management, and marketing and leasing. KDC is headquartered in Dallas and has offices in Atlanta, Austin and Houston, Texas, and Charlotte, N.C. For more information, please visit kdc.com.