Byron McCoy, a partner with Younger Partners, has filled up three buildings totaling 92,941 square feet of space in the past six months. The three fully occupied buildings are Metrocrest II Business Centre at 3033 Kellway Drive in Carrollton, Texas; 1200 Commerce Drive in Plano, Texas and 3365 Regent Boulevard in Irving, Texas.
“Everyone is feeling it; these are tough times to make a new deal,” McCoy said. “But the timing was right for these deals. The tenants wanted to be in these specific areas, and we have very responsive owners who defer to their leasing teams’ market expertise and recommendations.”
3365 Regent Boulevard, which McCoy leases with Younger Partners broker Garrett Marler, was filled because the location was just what the tenant needed. That deal was brokered with Younger Partners broker Tanja McAleavey representing the tenant.
Metrocrest II reached full occupancy with some organic growth of an existing tenant, as well as other leases (totaling 17,181 square feet.) The owners weren’t afraid to invest in improving the building and the rental rates were competitive to make a deal.
The transaction at 1200 Commerce worked out because the owner made the right moves to help the tenant get into a great space for its specific needs. That tenant will be moving in at the end of October. McCoy has leased this building for 17 years. This is the third time he’s gotten this building to 100 percent occupied during this period.
“We did some creative leasing deals and I have some great owners who maintain the buildings well and are willing to tackle obstacles that might give some tenants a reason to pause,” McCoy said. “Plus, I’m pretty tenacious and don’t want to let a possible deal slip away.”
