Page 6 - Michael Baker - Market Overview - 02-2020
P. 6

WHY NOW?                                                                                                           RELEVANT EXPERIENCE











                                                                                                                               GRANITE TOWER          FREEPORT OFFICE CENTER       8950 CYPRESS WATERS     THE POINT AT LAS COLINAS


                  TIMING


                  •  Time is currently on Tenant’s side

                  •  With a 2021 expiration, the landlord will engage especially with the current
                      vacancy
                                                                                                                              4055 Valley View Lane        4609 Regent Blvd        8950 Cypress Waters Blvd   300 E John Carpenter
                  •  Movement in ownership could be impactful to negotiations                                                    SignifyHealth               WageWorks               Confidential Client        LeHigh Hanson
                                                                                                                                 150,000 RSF                 150,000 RSF               150,000 RSF               100,000 RSF




                                                                                                                           ONE PANORAMA CENTER              PARK WEST               BROWNING PLACE               PARK WEST 1


                  MARKET DYNAMICS

                  •  Leverage opportunities still exist with a 2021 lease expiration


                  •  While the occupancy rate in the building is low, high demand exists for
                      space in this submarket
                                                                                                                              7701 Las Colinas Ridge         Park West               1603 LBJ Freeway          1503 LBJ Freeway
                                                                                                                                  MultiView               Confidential Client           Medestar                   VMWare
                                                                                                                                  70,000 RSF                 50,000 RSF                25,000 RSF                 25,000 RSF
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