BREAKING NEWS

Major Warehouse Lease Signed

Unilev Taps Stream Realty

58 Cities Drop Off Million-Dollar Home List

RNR Real Estate Briefs – HOU, AUS, DAL & more

Offices For Energy Transition

Partners Buys Former Hartman Properties

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Dallas Galleria Office Towers Getting $19 Million Renovation

by Realty News ReportMarch 21, 2016
Share0
Rendering of Dallas Galleria Towers Terrace
Rendering of Dallas Galleria Towers Terrace.

DALLAS – CBRE Global Investors has launched a $19 million renovation of the Galleria Office Towers, a 1.4 million, three-building office complex connected to the Westin Galleria Hotel in Dallas, near the LBJ Freeway.

A CBRE Global Investors fund bought the Dallas buildings, which were developed by Hines, from Cannon Commercial in 2015 for about $300 million. The assets were built in 1982-1991.

CBRE handles leasing at the Dallas Galleria Office Towers, which have MetLife, Merrill Lynch and Ryan Cos. as key tenants.

A notable renovation is a new parking system that will be the first of its kind at an office building in North America. The system includes license plate recognition technology that provides easy in and out access, electronic signs that display the number of spaces available on each level and overhead LED lights to alert drivers of open spots on each row, similar to what DFW Airport is implementing at their on-site parking garages.

Additional improvements in the works include new tenant lounges at each building, which will include a wine bar, collaborative co-working space and coffee bar, as well as a spacious outdoor courtyard. Each building will have multiple conference centers that can also serve as event space. An expansion of the state-of-the-art fitness center, which will be twice its current size, is also underway. Renovations to the lobbies, common corridors, restrooms and elevator cabs are also planned.

“We are bringing a new energy to this timeless property that will redefine the way tenants work,” said Celeste Fowden, a senior vice president with CBRE’s office leasing group. “CBRE Global Investors has committed to significant capital improvements that will completely revitalize this iconic Dallas property, and the location is central to everything that’s happening in the Dallas area right now.”

Ms. Fowden, Shannon Brown and Kenzie Killgore with CBRE’s Dallas office are the exclusive leasing agents for the Galleria Office Towers, on behalf of CBRE Global Investors, an independently operated affiliate of CBRE Group, Inc.  The properties are also managed by CBRE under the direction of general manager Pam Baker.

March 21, 2016

Share0
previous post
The Sweet Spot in Houston’s Multifamily Market
next post
Khoshbin Sells Another Houston Property

Related posts

Major Warehouse Lease Signed

Realty News ReportMarch 22, 2023

Unilev Taps Stream Realty

Realty News ReportMarch 21, 2023

58 Cities Drop Off Million-Dollar Home List

Realty News ReportMarch 20, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact