Tuesday, October 16, 2018

 

TXU ENERGY

Dallas, TX

 

Situation

When TXU made the decision to relocate its energy trading group to Dallas, the firm stipulated lease execution and construction completion within six months.  C&W successfully met the firm's targeted schedule and negotiated benchmark concessions in what was considered a major leasing victory in the Downtown Dallas market.

Approach 

  • Executed a swift and thorough analysis of the market for properties that could accommodate the square footage and time constraint requirements.
  • Located properties to accommodate the construction of a 3,000 square foot opening between two floors to serve as a trading area, extensive space option requirements and extensive parking requirements.
  • Orchestrated a competitive environment among the cities of Plano, Addison and Dallas.
  • Delivered the most competitive property to meet the unique needs of TXU.
Results
  • TXU successfully relocated the Houston employees into BankOneCenter, two weeks ahead of schedule.
  • At the time of the transaction, C&W strategically negotiated a lease concession of one year’s free rent, setting a new benchmark in the Dallas CBD.
  • Both TXU and the City of Dallas were winners in this transaction.  TXU achieved its stated objectives and the Central Business District of Dallas gained one of the largest relocation tenants during 2000.
  • TXU subsequently retained C&W to handle an immediate, additional 150,000-square-foot requirement in Dallas.