Firm Selected to Lease Mercer Crossing Office Space, Part of a 1,200-acre mixed-use developmentDALLAS, TX, April 14, 2009 – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it has been selected as the leasing agent for the 1.8 million square feet of Class A office space at Mercer Crossing, a 1,200-acre mixed-use development.
Included in the assignment are Fenton Centre, (top left photo) Browning Place (middle right photo) and Hickory Centre.
Comprising two seven-story office buildings, Fenton Centre is located at 1501-1507 LBJ Freeway and offers nearly 700,000 square feet of rentable space.
Located at 1601–1607 LBJ Freeway, Browning Place consists of three eight-story office buildings offering a total of 627,312 square feet of rentable space.
Hickory Centre is comprised of one eight-story and two four-story office buildings, offering approximately 425,000 square feet of rentable space. Plans exist to expand the complex with the addition of two Class A office buildings, adding approximately 300,000 square feet to the development.
“This is a great win for Grubb & Ellis, and our team is enthusiastic to provide Mercer Crossing’s management team with a superior level of service,” said Kathy Permenter, managing director, Agency Leasing in Grubb & Ellis’ Dallas office.
Comprising two seven-story office buildings, Fenton Centre is located at 1501-1507 LBJ Freeway and offers nearly 700,000 square feet of rentable space.
Located at 1601–1607 LBJ Freeway, Browning Place consists of three eight-story office buildings offering a total of 627,312 square feet of rentable space.
Hickory Centre is comprised of one eight-story and two four-story office buildings, offering approximately 425,000 square feet of rentable space. Plans exist to expand the complex with the addition of two Class A office buildings, adding approximately 300,000 square feet to the development.
“This is a great win for Grubb & Ellis, and our team is enthusiastic to provide Mercer Crossing’s management team with a superior level of service,” said Kathy Permenter, managing director, Agency Leasing in Grubb & Ellis’ Dallas office.
“Set inside a beautiful corporate park, Mercer Crossing offers a variety of leasing prices in its Class A buildings. The development is in a prime location and provides tenants with quality services and onsite amenities.”
Mercer Crossing (bottom left photo) is located between the George Bush Turnpike and Interstates 35 and 635. Onsite amenities include restaurants, banking, a jogging trail, and a fitness center. Onsite management is also provided, as well as a 24-hour courtesy officer.
Overseen by Regis Property Management, the total office product of Mercer Crossing is currently 63.5 percent leased.
Overseen by Regis Property Management, the total office product of Mercer Crossing is currently 63.5 percent leased.
Permenter’s leasing team includes Russ Johnson, senior vice president, and Heather Densmore Shover, vice president, all with Grubb & Ellis’ Dallas office.
Contact: Damon Elder, 714.975.2659, damon.elder@grubb-ellis.com
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