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Billingsley Acquires & Renovates Building on Dallas Tollway

Posted on June 8, 2012

Billingsley has awarded Jones Lang LaSalle the exclusive leasing assignment at fifty/fifty Quorum (5050 Quorum), a 133,799-square-foot, Class A office building located on the west side of the Dallas North Tollway.

“We are proud to represent such a reputable owner as Billingsley,” Jeff Eckert, Senior Vice President of Landlord Leasing said. “Billingsley is an established, proven owner in the Dallas market that repeatedly demonstrates the ability to reposition its buildings through superior customer service and enhancements to its properties.”

Building renovations to the lobby, build-out of new pre-finished suites and a new tenant conference center are slated were completed in May. Additional amenities include on-site property management, covered parking and proximity to Addison Airport, Love Field and DFW International Airport.  Most notably, the building has great access to and visibility from the Dallas North Tollway and building top signage available.

According to Jones Lang LaSalle research, Far North Dallas remains among the top three submarkets leading the industry’s recovery.  “This year Far North Dallas will account for 1.1 million square feet the positive net absorption in Dallas, which is 70 percent of the market,” Research Manager Steve Triolet said.  “The Upper North Tollway is one of the hottest micro markets and as demand continues to increase, it’s spilling over into Quorum/Bent Tree.”