CBRE: 60M SF in DFW
|Sitting down with CBRE managing director Blair Oden reveals many gems: for one, Blair’s first boss was CBRE Americas prez Mike Lafitte. Not a bad way to start off a career.|
CBRE is the largest property management and leasing firm in Dallas,managing about 40M SF and touching almost 60M SF through leasing and management. So you can take Blair's word when he says, "We've just come through one of the toughest years in the history of DFW real estate. We expect '10 to be a year of recovery. With a lot of stress in the market, that creates opportunity."
|CBRE leases The Colonnade (featured here last week). The 1.1M SF three-building project on the Tollway started off 2009 at 68% leased; it finished at 80%. Blair calls it a great success story. CBRE Investors owns the complex and spent $5M developing it. “The end-of-the-year goal line deal was signing the Hilton regional headquarters,” Blair tells us. More specifically, that's a 52k SF lease at Colonnade III, serving as Hilton's commercial services center.|
CBRE is also marketing 250 & 290 East John Carpenter Freeway complex, on a 15-acre site with three multi-story buildings totaling 539k SF in Las Colinas. Owned by Behringer-Harvard, it has been repositioned and redeveloped with potential for a corporate HQ or as a shared facility with multiple tenants, Blair tells us. When not listing, leasing, or leading, Blair golfs, trains for his annual fall marathon, and chases his three kids around athletic fields. His next goal? Returning to the New York Marathon; he started two years ago before a stress fracture stopped him in mile 16.