DALLAS, TX – July 21, 2014 Trammell Crow Company, along with its joint venture partner, Principal Real Estate Investors, announces UBS, a Switzerland based global firm providing financial services in over 50 countries, has signed a 27,948 square foot lease at Legacy Tower. UBS will relocate from its offices at the Spectrum and 5950 Sherry Lane in Dallas to the 12th floor of Legacy Tower late this year. This new location will serve as the Company’s Far North Dallas Wealth Management Office.
“We look forward to moving into Legacy Tower and continuing to help our clients here in North Texas, being the firm of choice for high-net worth and ultra high-net worth families,” Chris Gerrish, Managing Director with UBS.
Phase I of Legacy Tower features a 13-story, 342,033 square foot, Class AA office tower located at the southeast corner of the Dallas North Tollway and Legacy Drive. It is served by a 1,200 car, six-level parking garage, which connects to the building lobby via an enclosed, air conditioned walkway. The building features efficient floor plates, green space and a two-story building lobby with a main entrance that opens to The Shops at Legacy. The building is pre-certified LEED® Gold.
”UBS has been a long-term tenant of TCC developed buildings in DFW, having leased space at 5950 Sherry Lane and at Legacy Circle,” said Denton Walker, Senior Managing Director with Trammell Crow Company’s Dallas-Fort Worth Business Unit. “We are excited to welcome UBS to Legacy Tower and providing them with Class AA space and proximity to restaurants, retail, and much more.”
Dennis Barnes, Senior Vice President, Celeste Fowden, First Vice President and Hunter Lee, Associate, with CBRE Dallas represented the landlord in the transaction and Executive Vice Presidents Mike Wyatt and Bill McClung with Cushman & Wakefield represented UBS. “UBS chose to consolidate and grow in Legacy Business Park because of its rich amenity package, quality of the development, and its blue chip tenant base,” added Mike Wyatt. “Legacy Tower is not only the premier Class A multitenant building in the Park but the best location within the entire development. Their employees can walk to restaurants and truly experience the “live, work, play“ theme that companies want as an extension of their corporate cultures. It’s a fantastic location and I am excited for Chris Gerrish and his team of advisors.”
About Principal Real Estate Investors
Principal Real Estate Investors manages or subadvises $50.5 billion in commercial real estate assets. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.
About Trammell Crow Company
Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of March 31, 2014, Trammell Crow Company had $5.0 billion of projects in process and $1.8 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development, or providing incentive-based fee development services.
Trammell Crow Company is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). For more information visit www.TrammellCrow.com.
