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Colliers Facilitates Sale of Corporate-Owned Campus

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230,000 SF Traded in 190 STEM Corridor

Colliers announced the sale of a corporate-owned two-building office campus in Dallas, Texas. Creighton Stark and Chris Boyd of Colliers Dallas-Fort Worth and Cory Sovine of Colliers Milwaukee represented the seller. The approximate 230,000 SF suburban campus was acquired by Capital Commercial Investments.

 

Located at 17655 & 17657 Waterview Parkway, the Waterview 190 campus maintains a strong suburban presence along the 190 STEM Corridor, located across from the University of Texas at Dallas, and equidistant between CityLine (State Farm Headquarters) and Legacy (Toyota North America Headquarters).

“Waterview 190 is indicative of the bullish office investment environment in North Texas, whereby investors and their capital stack can successfully execute the business plan and achieve returns difficult to find in other US office markets,” said Boyd, senior vice president at Colliers.

Waterview 190 serves as a flagship asset for one of DFW’s most active and proven   submarkets. The property constitutes a rare, well-designed and institutionally maintained vacant asset, immediately ready for occupancy.

“The level of activity we received for this campaign was unprecedented. We had several groups targeting full price offers, but ultimately our client awarded it to the group that gave them the highest surety of close.  Investors from all over the globe have recognized North Texas as their top consideration for harvesting their capital,” said Stark, executive vice president at Colliers.


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Creighton Stark

Executive Vice President

Dallas

Creighton Stark is an executive vice president with the Capital Markets group of North Texas. With more than 22 years of experience in commercial real estate, Creighton oversees the institutional investment sales and re-capitalization of office properties.

Creighton has the reputation as a leading investment advisor, with extensive experience in almost every aspect of office capital markets. He has well-established working relationships with several major institutional clients including New York Life, Lincoln Financial Group, UBS, TriGate Capital, Angelo Gordon, CrossHarbor Capital and many others.

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Chris Boyd

Senior Vice President

Dallas

Chris provides a unique and powerful perspective to the Capital Markets advisory team given his ownership perspective of investments and acquisitions of 20 plus years, by working extensively on institutional and private equity transactions in the Dallas-Fort Worth commercial real estate market, as well other major markets such as Chicago, Houston, San Antonio and Austin. Prior to joining Colliers in 2016, he was the Director of Acquisitions for a capital investment firm, and during his career, has acquired or overseen $2.5 Billion of nationwide investment properties. Chris has handled institutional portfolios with an estimated worth of $100 million to $500 million including all major commercial property types including office, industrial, hotel and hospitality properties and distressed debt in conjunction with principals, equity and debt capital partners.

Chris brings an institutional foundation, private equity/entrepreneurial experience, deep local market knowledge, and a true ownership perspective to clients’ acquisition, asset management and disposition investment objectives. His previous investment roles with companies include UBS, Behringer, First Industrial Realty Trust, investment startups and Joint Venture sponsors, plus their respective debt and equity partners utilized for optimal business plan execution.

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Cory Sovine

Senior Vice President | Retail

Milwaukee

Cory has worked in various capacities of commercial real estate since 1999 and has been a broker and retail specialist since 2006.  He has represented and advised tenant clients across the retail spectrum transacting deals  from "mom and pop" retailers  locally in Wisconsin to national accounts with Kohl's and Lands' End closing deals from Boston to Miami to Hawaii.  Currently in the state of Wisconsin he exclusively represents a number of national and local tenants with sub-specialties in boxes, F&B and dispositions.

Cory also has worked extensively as a landlord representative with local and institutional clients performing various duties from leasing to investment sales including dozens of REO sales on behalf of clients such as LNR, BMO Harris and PNC. 

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