Assignment

Trimont was engaged by a large U.S. based fund manager to provide asset management and servicing on $31 million of subordinate loans.

Asset

International Plaza is a class-A office building complex located in North Dallas, TX. The complex contains three 13-story buildings, which were all completed in 2001 and 2002. The buildings, which contain a total of 1.1 million sf of rentable area, share a 1.1-acre central courtyard with visitor parking and extensive landscaping. The complex is located in an area with excellent access to highways, hotels, and shopping centers. Trimont was involved in Tower III of the project; a 352,000 sf office building with a fitness center, conference center, and on-site cafe.

Insights

  • The complex includes well known tenants such as JP Morgan, Nike, Xerox, and Duke Realty.
  • The property management company offers potential tenants the ability to lease “virtual office space” in
  • the building. This option allows tenants to lease certain offices and boardrooms for up to 16 hours per month.