Alternative investment management firm Behringer recently announced that it will relocate its corporate headquarters. Not moving too far, the sponsor of real estate programs and closed-end funds will stay in Addison, Texas.
Behringer signed a 10 year lease for space in Tollway Center, a 200,000 square-foot, six-story office building located at 14300 Dallas Parkway.
“Tollway Center will offer our team a state-of-the-art, amenity-rich, open-office environment that fosters open communication and reflects our company’s innovative and entrepreneurial identity, today and into the future,” commented Jason Mattox, chief operating officer at Behringer.
Behringer is currently headquartered at 15601 Dallas Parkway which is just over a mile down the road from Tollway Center. The company expects to move into its new headquarters by Q3 2016.
“Addison was the right home for Behringer in 2004 and continues to be vital to our success due to the city’s business-friendly atmosphere, its growing residential base, which has allowed many of our employees to enjoy a fantastic work-life balance, and our existing fluency with the city,” added Mattox.
Addison Mayor Todd Meier commented, “We are very proud that Behringer has been in Addison since 2004, and we are now excited that they have decided to establish even stronger roots in our community. Their investment in, and commitment to, Addison is a testament to our strong, vibrant business environment. We know that they will continue to be successful here.”
Tollway Center is being developed by Cawley Partners. The building will feature an open-air rooftop terrace, fitness center, and an indoor café.
“We couldn’t be more excited to welcome Behringer to Tollway Center,” said Bill Cawley, CEO of Cawley Partners. “From a developer’s perspective, you can’t ask for more than to kick off the leasing on a brand-new building than with an anchor tenant like them.”
For more Behringer related news be sure to check out their Directory listing here.