Past Headlines > Addison Circle One Added to Dallas portfolio

Franklin Street Properties Corporation has awarded the property management assignment for Addison Circle One to Price Edwards & Company. The property is a 300,000 square foot Class AA building located in the 80-acre urban district known as Addison Circle. Franklin Street Properties acquires real estate properties across the United States and syndicates and manages an unleveraged, direct investment vehicle for wealthy investors. FSP’s portfolio currently consists of 33 properties exceeding 4.5 million square feet in 13 states.

The building was previously selected by the Dallas Business Journal as the winner of the prestigious award “Best New Office Development of 1999”. The property is 100% leased, despite intense market competition in the North Dallas office market. Champion Partners and The Staubach Company have selected Addison Circle One for their corporate headquarters, and J.D. Edwards, Morgan Stanley Dean Witter and McLeod Communications have regional offices in the building. Other tenants include SystemWare, Countrywide Mortgage, and Dalcor.

Office amenities include Class AA lobby finishes, state-of-the-art HVAC and mechanical systems, enhanced electrical load capacities, garage parking and Dallas North Tollway frontage.

Addison Circle One is part of the Addison Circle master planned development, which includes office, retail, restaurant and multifamily projects in a park-like setting lined with shops and cafes. The development will eventually include 3,500 multifamily units, 50,000 square feet of retail space and 2 million square feet of office space.

The on-site staff includes Chandra Sanders (manager), David Irving (chief engineer), Pancho Rodriguez (building engineer), and Nicole Allen (administrative assistant). Project supervision is the responsibility of John Myers, CPM®, Senior Vice President.