Triad Enters Third-Party Leasing with Prescott Realty Group.Business Editors DALLAS--(BUSINESS WIRE)--Feb. 16, 2001 Triad Properties of Texas, Ltd. was selected to be the third-party leasing agent for Prescott Prescott, town, Canada Prescott (prĕs`kət), town (1991 pop. 4,512), SE Ont., Canada, on the St. Lawrence River, opposite Ogdensburg, N.Y. Fort Wellington, built during the War of 1812, is now a military museum. Realty's Dallas Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. properties, which include two WiredZone brand properties. The agreement more than triples Triad's inventory from 1 million square feet to approximately 3.5 million and strengthens Triad's foothold foot·hold n. 1. A place providing support for the foot in climbing or standing. 2. A firm or secure position that provides a base for further advancement. foothold Noun 1. in the full-service full-ser·vice adj. Associated with or offering complete service: full-service gasoline pumps; full-service banks. real estate market. "We have had great leasing success in 2000 and as a result our portfolio is substantially occupied," said Lance Sallis Sallis can refer to:
Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. relationship with Prescott." Triad of Texas was formed in 1998 by Triad Properties Corporation as an affiliate company. Since 1994, Triad has acquired and developed more than 6.0 million square feet of office and industrial space throughout the Southwest and Southeast. At inception, Triad Properties of Texas, Ltd. acquired 850,000 square feet of commercial-office space, expanded its property to approximately 1.0 million square feet, and substantially leased this portfolio prior to signing on with Prescott. Triad of Texas attributes its success to its effective implementation of a strategic office and industrial property marketing plan which consists of a full-service, hands-on hands-on adj. Involving active participation; applied, as opposed to theoretical: "We're involved in hands-on operations, pulling levers, pushing buttons" Arthur R. Taylor. , and focused approach to tenant representation, investment sales services, and third party management and leasing. Leasing efforts are headed up by John Hoctor, TRIAD managing director - leasing, he can be contacted at 972/233-1606. "Triad's encompassing, strategic approach and broker relationships will provide us with a distinct competitive edge," said Vance Detwiler, WiredZone managing director - principal. "We are encouraged by the manner Triad tackles each assignment, its broad knowledge and outstanding track record." The Prescott portfolio includes two WiredZone brand buildings. The brand specializes in providing a net-centric community in a Class A office environment. The Waterview building, 18325 Waterview Pkwy, consists of 224,000 square feet and the 1300 Mockingbird mockingbird: see mimic thrush. mockingbird Any of several New World birds of a family (Mimidae) known for their mimicry of birdsong. The common, or northern, mockingbird (Mimus polyglottos) can imitate the songs of 20 or more species within 10 building, 1300 W. Mockingbird Lane, consists of 153,000 square feet. Other buildings in Prescott's Dallas portfolio include: -- 7515 Greenville, 7515 Greenville Ave.--121,000 square feet -- Forest Green, 11910 Greenville Ave.--197,000 square feet -- LBJ Park Centre, 3003 LBJ Freeway-- 379,000 square feet -- 6060 Central, 6060 n. Central Expressway--224,700 square feet In 1996, Prescott Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Group was established in Dallas as a private holding company. Prescott has acquired more than 3 million square feet of office space in Texas, Oklahoma and Louisiana Louisiana (ləwē'zēăn`ə, l  ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. and has
underwritten more than $2 billion in deals and closed 16 transactions
totaling $250 million. It's WiredZone brand commercial proprieties
cater to bandwidth-intensive, high-tech and telecommunication telecommunicationCommunication between parties at a distance from one another. Modern telecommunication systems—capable of transmitting telephone, fax, data, radio, or television signals—can transmit large volumes of information over long distances. tenants. About TRIAD Properties of Texas, Ltd. Triad Properties of Texas, Ltd. is a subsidiary of Triad Property Corporation and is a fully integrated real estate company specializing in acquiring, managing and leasing quality-office and industrial properties in Texas. Triad Properties of Texas, Ltd. was formed in 1998 as a result of a merger with Sallis Commercial Real Estate, Inc. About Prescott Realty Group Dallas-based Prescott owns or controls more than 6 million square feet of office space in Texas, Oklahoma, New Jersey, Washington and Louisiana. Prescott was formed in 1996. Under the leadership of President Jud Pankey, Prescott has underwritten more than $2 billion in real estate transactions, as well as closing 16 transactions worth approximately $250 million. About WiredZone Holdings, L.P. WiredZone is a network of technology centers designed to meet the unique needs of bandwidth-intensive operations. WiredZone buildings recreate the traditional workplace into a net-centric community where people, machines and bandwidth are virtually connected. The real estate portfolio comprises 1.3 million square feet of WiredZone space in Dallas, Houston, New Jersey, Seattle and Tulsa, Okla. Additions to the portfolio soon will be announced in Phoenix, Denver and Atlanta. WiredZone Holdings is a joint venture between Apollo Real Estate Advisors, L.P., and Prescott Realty Group. The WiredZone name and logo are service marks of Prescott Realty Group. WiredZone - Bandwidth's Landlord(TM). |
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