DALLAS – JUNE 13, 2019 –CBRE announces that three professionals have been named recipients of awards from NAIOP North Texas, an organization dedicated to connecting commercial and industrial real estate professionals. CBRE’s Jeff Ellerman, Phil Puckett and Rick Kessler won the Best Office Lease of the year for AT&T Global Headquarters.
“AT&T’s decision to extend their lease in Downtown Dallas for the long-term and invest in creating a dynamic urban green space and vibrant retail district was one of the most significant and high profile real estate transactions of 2018,” said Mr. Ellerman. “It was instrumental in the sale of Whitacre Tower and it reinforced that downtown is still appealing to investors and major corporations.”
Mr. Ellerman, Mr. Puckett and Mr. Kessler represented AT&T in their lease renewal negotiations for One AT&T Plaza, the company’s global headquarters. AT&T occupies the entirety of the 37-floor, 965,813 square foot building, located in the center of Dallas CBD. The lease renewal keeps AT&T in the building through 2030 and paves the way for them to begin construction on AT&T Discovery District, a $100 million urban tech campus connecting AT&T’s six buildings with green space, restaurants and retail.
“Working with AT&T on such an important decision for their company was extremely gratifying,” said Mr. Puckett. “Their decision to stay in Downtown Dallas is not only huge for their company, but the investment they are making in the surrounding community will change the downtown landscape for generations to come.”
NAIOP is a national organization comprised of over 17,000 commercial and industrial real estate professionals in all 50 states. They are focused on providing members with educational opportunities, facilitating communication between professionals, fostering business opportunities and promoting effective public policy.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.