Corporate Realty Retained as Asset Manager for Dallas Skyscraper

by • April 11, 2014 • Awards & Recognition, News, Property ManagementComments (0)1601

Photo via Onemainplacedallas.com

Photo via Onemainplacedallas.com

Last month we reported that New Orleans-based KFK Group acquired the One Main Place skyscraper in Dallas’ Central Business District for an undisclosed sum.

CanalStreetBeat has now learned that Corporate Realty has been tapped to serve as the skyscraper’s asset manager.

Elie Khoury, the principal owner of KFK, along with Corporate Realty acting as asset manager for both the management and leasing of the building, plan a complete redevelopment and repositioning of the building.

One Main Place is a 32-story building with more than 1 million square feet of office space, 65,000 square feet of retail space, 660 space parking garage, and a 20,000-square-foot plaza that connects the building to Dallas’ pedestrian tunnel network.

Michael J. Siegel, President of Corporate Realty, will lead the asset management efforts.  Siegel said “We are extremely excited to be involved with this project. Dallas is a dynamic market. The CBD of Dallas is being redeveloped much like the CBD of New Orleans, and we are thrilled to be a part of KFK’s efforts with this exceptional building.”

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