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Tektronix Purchases Leed Gold Certified Building
19 Nov, 2009, Dallas
DALLAS, TX - November 19, 2009 - Tektronix Communications, a leading worldwide provider of
Network Intelligence and Communications Test Solutions, has purchased Wilcox Center 190, a
185,000-square foot office building located at 3033 Highway 190 in Plano, Texas. Mike Wyatt,
Bill McClung and Randy Thompson from the Dallas office of Cushman & Wakefield of Texas,
Inc. (C&W) represented Tektronix Communications in the selection and negotiation process.
Bill Cawley, Buddy Tompkins and Seth Thatcher of GVA Cawley handled negotiations for the
ownership group, WDS 190 LP.
Wilcox Center 190 is a 3-story LEED Gold Certified office building with floor plates of 62,000-64,000 square feet and prominent signage on President George Bush Highway. More than 20% of the structure was built using recycled materials. This facility is a good cultural fit for Tektronix Communications in their desire to gain efficiencies and footprint by transitioning from a vertical office space to a horizontal layout, said Mr. Wyatt, an executive director within C&W's Brokerage Services group. It is one of the best examples of right-sizing we have seen in this market.
The building is currently in shell condition awaiting tenant finish, which will be coordinated by Mr. Thompson. This project involves far more than people moving from one place to another, said Mr. Thompson, senior director and area leader within the firm?s Client Solutions Group. It involves the transformation of how Tektronix Communications works and supports a new culture of collaboration vital to their continued success.
Tektronix Communications is expected to relocate approximately 475 employees from its current location in Richardson, Texas, where it leases approximately 241,000 square feet, to the new headquarters building in Plano. Interior finish construction should be complete during the second quarter of 2010.
Wilcox Center 190 is a 3-story LEED Gold Certified office building with floor plates of 62,000-64,000 square feet and prominent signage on President George Bush Highway. More than 20% of the structure was built using recycled materials. This facility is a good cultural fit for Tektronix Communications in their desire to gain efficiencies and footprint by transitioning from a vertical office space to a horizontal layout, said Mr. Wyatt, an executive director within C&W's Brokerage Services group. It is one of the best examples of right-sizing we have seen in this market.
The building is currently in shell condition awaiting tenant finish, which will be coordinated by Mr. Thompson. This project involves far more than people moving from one place to another, said Mr. Thompson, senior director and area leader within the firm?s Client Solutions Group. It involves the transformation of how Tektronix Communications works and supports a new culture of collaboration vital to their continued success.
Tektronix Communications is expected to relocate approximately 475 employees from its current location in Richardson, Texas, where it leases approximately 241,000 square feet, to the new headquarters building in Plano. Interior finish construction should be complete during the second quarter of 2010.
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Cushman & Wakefield is the world's largest privately-held commercial real estate services
firm. Founded in 1917, it has 230 offices in 58 countries and 15,000 employees. The firm
represents a diverse customer base ranging from small businesses to Fortune 500 companies. It
offers a complete range of services within four primary disciplines: Transaction Services,
including tenant and landlord representation in office, industrial and retail real estate;
Capital Markets, including property sales, investment management, valuation services,
investment banking, debt and equity financing; Client Solutions, including integrated real
estate strategies for large corporations and property owners, and Consulting Services,
including business and real estate consulting. A recognized leader in global real estate
research, the firm publishes a broad array of proprietary reports available on its online
Knowledge Center at www.cushmanwakefield.com.
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