Bisnow on Billingsley Company’s new “Boat House” Apartments Go Afloat

Construction is underway on the first phase of apartments and rental townhomes called The Boat House on Billingsley Co’s Austin Ranch (west of the Dallas North Tollway and south of SH 121). The multifamily project will feature 526 units scheduled to open in February. The second phase includes 650 units scheduled to start in February 2016, says Billingsley Co’s Lucy Billingsley (here, second from top with her family). This area has always been a mecca for growth, she says. Billingsley has built 3,000 apartment units and seven commercial buildings in Austin Ranch before Nebraska Furniture Mart even announced its move to North Texas.

“We knew it was flowing up from the south, but we never knew it would come from all four directions at once,” she says. Billingsley has owned this land for more than 30 years. Lucy tells us The Boat House has some cool features including the party shed, the workout dock, and the leasing center, which are all wooden boathouses hanging over Painted Lake. The retail corners of nearby Windhaven and Plano Parkway will have new retailers announced soon, she says, and the southeast corner will have a large dog park and beer garden.
Read complete article at http://www.bisnow.com/commercial-real-estate/dallas-ft-worth/2600-multifamily-monday/

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World Affairs Council Honors Lucy Billingsley with the H Neil Mallon Award

Lucy-Billingsley_141121Congratulations to our very own Lucy Billingsley on getting the 2013 H. Neil Mallon Award!!

Founded in 1951 by H. Neil Mallon, the late chairman of Dresser Industries, the World Affairs Council strives to educate and engage Americans on global issues. For the past 30 years, the organization has presented the Mallon Award to someone who has succeeded in promoting the international focus of North Texas. Past recipients include Stanley Marcus, Ray L. Hunt, President George H.W. Bush, Ross Perot, Ross Perot Jr. and Trammell Crow.

For more information, visit http://www.dfwworld.org/mallon

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Billingsley to Build Spec Office Building at Cypress Waters

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Billingsley Company announced the construction of a new speculative office building and four-lane roadway at Cypress Waters, the company’s 1,000-acre mixed-use development in the North Dallas Freeport area.

Scheduled for three stories and totaling 150,000 square feet, the building is the company’s first office building in Cypress Waters. Billingsley’s plan is to create a corporate business park environment that meets or exceeds the expectations of users currently in the market. Their philosophy is to replicate the successes of their previous developments (International Business Park and Austin Ranch) by moving quickly to meet current market demand.

“It’s no secret the market is very active and there are several users in need of large office space with large parking ratios. In Las Colinas alone we are currently tracking over seven million square feet of deals and / or corporate relocations,” said Marijke Lantz, Senior Vice President of Investments and Build to Suit. “The majority of those deals require parking ratios of 5/1,000 or more. Cypress Waters can certainly accommodate their needs for quality buildings and space for parking.”

Billingsley hired Younger Partners to market Cypress Waters for both the speculative and build to suit market. Moody Younger added, “Cypress Waters is in the heart of the region’s preferred location for Fortune 500 companies.  The current market dynamics set up very well for Cypress Waters; there are limited big block vacancies and transaction momentum increases daily. I expect this combination to result in rapid lease up for both speculative and build to suit projects.  Cypress Waters’ excellent freeway access and proximity to DFW Airport will enable corporate users to readily tap the entire DFW workforce and easily connect to other markets around the globe. These factors combined with on-site amenities like the 362-acre lake create one of the most attractive corporate environments in North Texas.”

The new 150,000 square foot office building is scheduled to break ground July 2013 and will be complete July 2014.

In conjunction with constructing the office building, Billingsley is also breaking ground on one of the development’s major infrastructure projects: Cypress Waters Boulevard. Cypress Waters Boulevard is a four-lane thoroughfare that will serve as the main entrance to the development from IH 635. Bookended by grand sculpture and lined with three parks, the boulevard will connect the retail, office, and multifamily components of the development and will terminate at Cypress Waters’ future town center. Construction will begin April 2013 and the road will open October 2013.

Also opening in 2013 is the first phase of The Neighborhoods of Cypress Waters – a multi-family community containing 3 neighborhoods. Scotch Creek opens June 2013, followed closely by Parsons Green, then Sycamore Park apartments will open in the Fall. The three neighborhoods feature 1, 2, and 3-bedroom apartments and townhomes and will total 637 units.

“We are pursuing opportunities for users that want to create their own campus,” said Lucy Billingsley, Partner. “This incredible land is situated at the crossroads of Dallas and Fort Worth. Located on top of the airport at LBJ and Beltline Road and next to SH 121 and SH 161 — this is a tough location to beat. We have a huge canvas on which to create a stunning office campus, and we are raising the bar on design and amenities for this area of the city.”

About Cypress Waters

Cypress Waters’ 1,000 acres will become a high-density community of up to 4,000,000 SF of office space, 400,000 SF of retail space, over 10,000 residences and three schools. Located in the City of Dallas and in the Coppell Independent School District, Cypress Waters offers a premier address and the best school system to its citizens. Cypress Waters will join Legacy and Las Colinas as leading suburban developments in the southwest and in the nation.

The Offices of Cypress Waters will be a sustainable, mixed-use suburban corporate campus in the heart of one of the fastest growing cities in the nation. With two substations, significant sources of water, and several fiber providers, the property has tremendous business infrastructure already in place. The abundance of land gives corporations the flexibility to grow organically over time. The campus will reflect 21st century corporate values: environmentally sophisticated buildings, extensive natural landscaping, pedestrian trails and streets, freeway and lakeside restaurants. Cypress Waters will represent the lifestyle and values of Generations X, Y, and Z thereby enhancing the brands of our corporations.

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Billingsley Acquires & Renovates Building on Dallas Tollway

Billingsley has awarded Jones Lang LaSalle the exclusive leasing assignment at fifty/fifty Quorum (5050 Quorum), a 133,799-square-foot, Class A office building located on the west side of the Dallas North Tollway.

“We are proud to represent such a reputable owner as Billingsley,” Jeff Eckert, Senior Vice President of Landlord Leasing said. “Billingsley is an established, proven owner in the Dallas market that repeatedly demonstrates the ability to reposition its buildings through superior customer service and enhancements to its properties.”

Building renovations to the lobby, build-out of new pre-finished suites and a new tenant conference center are slated were completed in May. Additional amenities include on-site property management, covered parking and proximity to Addison Airport, Love Field and DFW International Airport.  Most notably, the building has great access to and visibility from the Dallas North Tollway and building top signage available.

According to Jones Lang LaSalle research, Far North Dallas remains among the top three submarkets leading the industry’s recovery.  “This year Far North Dallas will account for 1.1 million square feet the positive net absorption in Dallas, which is 70 percent of the market,” Research Manager Steve Triolet said.  “The Upper North Tollway is one of the hottest micro markets and as demand continues to increase, it’s spilling over into Quorum/Bent Tree.”

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New Tenant in Billingsley’s Gramercy Center

Billingsley Company is proud to announce that Wingspan Portfolio Advisors, LLC is the newest tenant of its recently remodeled Gramercy Center South office building. Wingspan, an award-winning diversified servicing company, is leasing the entire building, which totals nearly 135,000 square feet.

The move into 18451 N. Dallas Parkway was accomplished in short order. When Wingspan had a client contract that required 500 people to be up and running in a new office immediately, Billingsley negotiated the deal and executed the lease in just eight business days.

“We pride ourselves on being able to suit every client’s needs, even when there’s a major deadline involved,” said company partner Lucy Burns. “Thanks to our strong existing relationships with JLL and Peloton, which made the brokering and transition smooth, we set a record with our eight day deadline so our clients could enjoy their new space.”

Brooke Armstrong at Jones Lang LaSalle and T.D. Briggs at Peloton Commercial Real Estate brokered the deal.  Billingsley acquired the building in northwest Dallas along with Gramercy Center North in July 2011. The conveniently located, high grade properties total 250,000 square feet, with energy conserving designs, ample parking, prime security, and lab and data center space. The pair of buildings was previously called Landmark I and II before Billingsley rebranded them as Gramercy Center North and South.

The two-story class A office buildings, which are visible from the Dallas North Tollway, are ideal for tenants requiring efficiency and access. Gramercy South is surrounded by 11.3 acres of land.

“We appreciate that Billingsley understood our tight deadline. Our business is all about service, and it’s clear that Billingsley is dedicated to the same. Our demand involved a short deadline that required some careful maneuvering, and we’re thrilled to be able to move into such a great space that fits our requirements,” said Steven Horne, CEO and president of Wingspan.

Wingspan Portfolio Advisors is an award-winning diversified servicing company that meets the needs of banks, investors, mortgage insurers, and real estate agents throughout the U.S. The 1,700-employee company applies advanced servicing techniques to assist the mortgage industry in every aspect of delinquent loan servicing.

“We value our long-standing business relationship with Wingspan and are honored whenever we have a chance to work with such a respected company,” said Burns.

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Celebrate Earth Day in Dallas

Earth Day Dallas is an annual festival seeking to elevate environmental awareness and change the way North Texans think, live and work. But most of all, it’s family-friendly fun!!

The event is April 21-22, 10am-6pm, at Fair Park in Dallas, where you will have access to over 600,000 square feet of indoor & outdoor events

And the best part – admission is FREE!! You can’t beat that!

Click here to view the schedule of events. Entertainment and programming includes:

  • The Eco-Expo will showcase green initiatives of corporations, small businesses, non-profits, government groups, hospitals, universities and more.
  • Green Talk Speaker Series with topics including water, global warming, gardening and the future sustainability of North Texas
  • Artfully Green Film Series
  • Family Zone featuring Radio Disney and hands-on environmental activities
  • Live music at the Band Shell featuring Amos Lee
  • Home & Garden Workshop corner demonstrating composting, rainwater harvesting, and green money-saving tips
  • Earth Yoga
  • Picnic for the Planet: Help break the world’s record for the largest, simultaneous global picnic!
  • DFW Truck Farm 5K Fun Run
  • Live BMX shows
  • Dallas Urban Debate Alliance environmental, student debates
  • Dance Performances
  • Gardening, cooking, and money-saving live demonstrations
  • The Children’s Corner will entertain kids with music, zoo animals, arts-and-crafts, short plays and educational demonstrations.

Additional attractions include The Dallas Aquarium, The Museum of Nature and Science, Texas Discovery Gardens, African American Museum of Life and Culture, The Women’s Museum: An Institute for the Future and the Texas Museum of Automotive History.

Fair Park will charge $10 for parking. We encourage you to avoid he hassles of parking altogether & take the Green Line to the Fair Park Station.

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Ron Skipper Joins Billingsley Team

Billingsley is happy to announce the appointment of Ron Skipper as Senior Property Manager. In this role, he will be responsible for overseeing our portfolio of properties, managing tenant relations and attracting new tenants.

“Ron is a strong leader with outstanding communication skills, an admirable sense of organization, and an ability to build meaningful relationships and handle whatever comes his way,” says company partner Lucy Billingsley.

Skipper previously served as Senior Vice President of Asset Management for Equastone, where he directed the company’s real property operations for the southwest U.S. He was also in charge of leasing and management of 5 million square feet of properties in Dallas, Houston, San Antonio, Austin, and New Orleans. His role on the restructuring team and ability to manage the bottom line provided a strong foundation for the company’s successful leasing program.

Prior to his time at Equastone, Skipper served as Senior Property Manager for The Crescent, where he oversaw daily operations and management. The Crescent, a 1.2 million square foot complex, includes offices, retail space, and a parking garage. Skipper also managed capital improvement and developed and implemented a customer service program.

“Property management is a big responsibility, and I’m honored to be chosen for this major role,” said Skipper. “Billingsley is well respected within the real estate community, and I’m pleased to join the team and be part of the business’s ongoing legacy.”

Skipper gained a unique client perspective that continues to help him provide great tenant service when he managed assets for more than 5 million square feet with Electronic Data Systems. In this role, he oversaw Trammell Crow property management and a leasing division of Jones Lang LaSalle. He also managed and tracked $50 million in capital projects and leasing capital.

Before moving to Dallas, Skipper worked with Hines Interest in Houston. There he managed Williams Tower, Penzoil Place, and One and Two Shell.

Skipper graduated with a Bachelor of Business Administration from Texas State University. He is currently a member of BOMA Dallas and IREM. He is also a Texas Real Estate licensed broker and has his CPM designation.

“The role of senior property manager is vital to Billingsley’s continued success and upstanding reputation.We’re pleased to have him join the Billingsley family and have absolute confidence that he will do a fantastic job.” said Billingsley.

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