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23,217 SF Direct Lease
“Our experience with Citadel Partners has been exceptional. Their attention to our needs, and their deep understanding of the Metroplex commercial market gave us great comfort every step of the way to our new office. Their unwavering focus on our build-out in the face of supply chain issues never left us wondering where we stood on the project schedule. ACRE is happy to have Citadel Partners working on our behalf and highly recommend them to anyone seeking new commercial space in Dallas and beyond.”
After years of growth, ACRE decided to co-locate certain facilities to improve operations and speed customer response times and accommodate robust workforce growth. ACRE chose to consolidate its northeastern U.S. business operations in Dallas-Fort Worth. Company leaders wanted a large existing office/flex industrial space. Most industrial properties are warehouse-intensive, which made it difficult to find an available facility that would permit the heavy office component while staying within zoning regulations and remaining a reasonable commute for employees. Relocation efforts were further challenged by seeking space in a submarket with a 5.2% vacancy and in an accelerated time frame, as ACRE’s existing lease was set to expire in six months. While navigating these and other hurdles, it was imperative to find solutions that were also within the client’s budget.
We identified Plano Commerce Center II as a suitable site in a prime location that met ACRE’s needs. This new development (owned by Dallas-based Provident Realty Advisors) allows for heavy office use under the city’s Research/Technology zoning. The site also met the fast-tracked relocation timeline. Citadel Partners achieved an 82% savings to the client in total occupancy costs over the life of the lease in comparison to the next best alternative. Citadel Partners’ comprehensive real estate strategy improved the client’s bottom line and maximize long-term investment value.
