Coldwell Banker Residential Brokerage NRT has signed a full-building lease for a new headquarters office in south Arlington, its home base since 1983.
The brokerage firm will relocate in November to 3910 W. Interstate 20, where it's leased a 4,980-sf building formerly occupied by Rattitkin Title Co. in Parkside Office Park. Coldwell Banker Residential will expand by nearly 1,800 sf when it vacates the Comerica Building at 4200 S. Cooper St., which is slated for demolition.
For Coldwell Banker Residential, it was important to stay in the I-20 corridor of south Arlington, where it's benefited from the perks of a high-profile site for 34 years. The new office offers a comparable high visibility, tucked between the Arlington Board of Realtors and Rattitkin Title's new office building and within eyeshot of I-20.
"Coldwell Banker Residential couldn't have found a more perfect location. There is a lot of residential synergy right there," says Beaux Riley, senior vice president of Arlington-based Coldwell Banker Commercial Advisors DFW.
The Parkside structure, boasting a Texas stone façade, was developed in 2007 on 2.4 acres with ample parking and easy access to I-20 and Cooper Street's premier destination for shopping and dining. Interior finish-out is underway to combine the building's two suites into one for the new tenant. Eric English of English Realty LLC represented the landlord, Parkside 20 LLC.
"We jumped into talks as soon as this building became available," says Riley, who also negotiated the lease termination for the lessee of record, NRT Texas LLC, which was a referral from Coldwell Banker's corporate office.
Coldwell Banker Residential Brokerage NRT is part of the real estate network of New Jersey-based Realogy Holdings Corp., a global franchisor of some of the most recognized brands in residential and commercial brokerage.
NRT Texas LLC, dba Coldwell Banker Residential Brokerage, has leased a 4,980-sf office building on 2.4 acres at 3910 W. Interstate 20, Arlington, from Parkside 20 LLC. Beaux Riley of Coldwell Banker Commercial Advisors DFW represented the tenant. Eric English of English Realty LLC represented the landlord.
Founded in 1992 as SCM Real Estate Services Inc., Coldwell Banker Commercial Advisors DFW is a full-service commercial real estate firm providing clients with expert advice and strategies customized to their particular needs. Our services include investment sales, project leasing, property management, tenant representation.