Capri Capital Selects Service Firms for Preston Center Properties
29 Mar, 2010, Dallas, TX
Cushman & Wakefield Joins CAPSTAR Commercial to Manage/Lease Buildings
Capri Capital Partners LLC, a multi-billion dollar global real estate investment and development firm, has selected Cushman & Wakefield of Texas, Inc. and CAPSTAR Commercial to manage and lease, respectively, two of the company's high profile assets - Preston Commons and Sterling Plaza - located in Dallas' prestigious Preston Center. Cushman & Wakefield began the new management assignment of both properties on March 1, while CAPSTAR Commercial continues the leasing responsibilities it has provided for the two buildings the past five years.
"These two assets are excellent properties in the best location for high profile tenants," said Frank Ventura, Director, Client Solutions for Cushman & Wakefield of Texas, Inc. "We could not be more excited about this management opportunity."
"This is one of the preferred submarkets in Dallas," added Bret Bunnett, President, CAPSTAR Commercial. "These two buildings are well built, with good architecture, and layout well for both large and small tenants."
Preston Commons is a three-building, Class A office complex totaling 421,721 square feet, located at 8111 Preston Road. The complex is currently 78% leased.
Sterling Plaza, located at 5949 Sherry Lane, is a 305,080-square foot Class A office building that is currently 81% leased.
Cushman & Wakefield currently manages more than 9.3 million square feet of office property in Dallas/Fort Worth. Nationally, the firm is engaged in property and facility management for clients totaling more than 256 million square feet and globally that total surpasses 441.2 million square feet. CAPSTAR Commercial currently represents more than 15 million square feet of office product for lease in Dallas/Fort Worth and Houston.
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