Rubenstein Partners Closes First Acquisition in Dallas Market
Rubenstein Partners, a Philadelphia-based real estate investment adviser for value-added office property equity and debt opportunities, announced the acquisition of 5600 Headquarters Drive in the Legacy section of Plano, TX This is the firm’s first endeavor into the Dallas MSA.
“Favorable market dynamics have created compelling opportunities in several of the Western and Southern MSAs, including Dallas. We believe that 5600 Headquarters Drive is an exciting step that will engage our vertically integrated platform while taking us beyond our traditional markets,” said David Rubenstein, founder and senior managing principal of Rubenstein.
5600 Headquarters Drive is a 250,000-square-foot office building, consisting of three pods connected by multi-level corridors, situated on a 27-acre site. Rubenstein plans to transform and reposition the property into a modern headquarters-quality destination with improvements including renovation of the main lobby, new wing lobbies, and an upgraded amenities package consisting of new fitness, tenant lounge, conference center, and dining.
Campbell Henry and Jake Young of Lincoln Property Company will act as leasing agents for the property.
Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.
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