Koch Industries, IDI Logistics and Roscoe Property Management are relocating to the 22-story office tower in the second half of 2019
DALLAS (May, 2018) – Koch Industries, IDI Logistics and Roscoe Property Management announced their Dallas offices will move to The Union at 2300 North Field Street, Dallas, TX 75201. Koch Real Estate Investments, the real estate investment and acquisition arm of Koch Industries Inc, a large, privately-owned multi-national company, will lease approximately 5,095 square feet in the project’s office tower. IDI Logistics, a leading developer and manager of logistics real estate in the U.S, will lease 2,841 square feet, while Roscoe Property Management (RPM), a full-service multi-family property management company, will lease 2,566 square feet. With these new tenants, The Union office tower is over 90% leased.
Koch Real Estate Investments, the capital partner for the development of The Union, will be moving to the office tower in July 2019. “Our belief in this project started three years ago when we partnered with RED Development to build this best-in-class building,” says Jake Francis, President of Koch Real Estate Investments. “Upon The Union’s completion, we decided to move our office to the development to provide for our continued growth and support for our employees. The Union’s prime location and cultivated amenity set drew us in and we’re excited to relocate this summer.”
IDI Logistics will also be relocating their regional Texas market office to The Union this summer. “As a state-of-the-art developer of modern logistics facilities, the unparalleled amenities and quality development of The Union aligns well with the IDI Logistics vision,” says Tim Moore, Senior Vice President and Regional Director for the Central Region. “The excellent location in the heart of Dallas also provides important proximity to our business partners, and the services provided on site will benefit not only our employees but our guests as well. In addition, the new office space will allow IDI Logistics to add additional personnel as we continue to expand our business throughout the region.”
Roscoe Property Management (RPM) will be moving their new DFW office to The Union in the fall. The company chose the development because of the location convenience for clients, and the live-work-play environment it provides for employees. “The amenities and lifestyle offered at The Union supports RPM’s culture of being an employee-focused and progressive management company; all wrapped in a well-designed and professional building,” says Jason Berkowitz, President of RPM.
“We are looking forward to welcoming great companies, Koch, IDI and RPM, to The Union’s office tower,” says Mike Ebert, Managing Partner at RED Development. “All three companies were looking for a place that provided for both their clients and employees, and our development, complete with a state-of-the-art office tower, luxury apartment complex and variety of unique restaurants, does just that.”
Current notable office tenants at The Union Dallas include: HBK Capital Management, a global alternative investment management firm; Akin Gump Strauss Hauer & Feld LLP, an international law firm; Primoris Services Corporation, one of the largest publicly traded specialty construction and infrastructure companies in the U.S.; Streetlights Residential, a design-focused multifamily and mixed-use developer; Weaver, a national top-40 accounting firm providing comprehensive tax, assurance and advisory services; MedProperties Realty Advisors, LLC, a private-equity firm focused exclusively on investing in healthcare real estate; Hudson Way Capital Management, a private investment management firm; Transwestern, a privately held real estate firm specializing in agency leasing, occupier solutions, capital markets, asset services and research; TH Real Estate, an affiliate of Nuveen (the investment arm of TIAA) and one of the largest real estate investment managers in the world; Black Creek Group, an experienced real estate investment management and development firm with a 25-year history of approximately $18 billion of investments; and Salesforce, a global leader in CRM.
For more information, visit TheUnionDallas.com and follow @TheUnionDallas on Facebook and Instagram.
About The Union Dallas
The Union Dallas includes a 31-story residential tower with 309 apartments and a 22-story office tower with a shared amenity deck, both situated above a 60,000 square-foot Tom Thumb urban grocery store, restaurants, and above- and below-grade parking. Overall, the project is designed to connect the many elements of nearby Dallas neighborhoods, with an energetic, 24/7 mix of uses in a sustainable, distinctive setting that features an engaging, open-air central plaza designed by the renowned Texas landscape architect OJB.
About RED Development
A wholly integrated commercial real estate company, RED Development maximizes asset value and performance for its high-quality retail and mixed-use portfolio that comprises 35 properties totaling 19 million square feet in 11 states. For more than 20 years, RED has been a preferred partner for national retailers and investors. The company also works with third-party property owners seeking RED’s expertise in remerchandising and repositioning properties to improve profitability and appeal. A privately held company headquartered in Phoenix, AZ with corporate offices in Dallas and Overland Park, KS, RED builds on its development capabilities as an active acquirer of existing properties. For more information, visit REDDevelopment.com.
About Koch Industries
Based in Wichita, Kansas, Koch Industries, Inc. is one of the largest private companies in America, with estimated annual revenues as high as $110 billion, according to Forbes. It owns a diverse group of companies involved in refining, chemicals, and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control systems; electronics, software and data analytics; minerals; glass; automotive components; ranching; commodity trading; and investments. Since 2003, Koch companies have invested nearly $105 billion in growth and improvements. With a presence in 60 countries, Koch companies employ nearly 130,000 people worldwide, with about 67,000 of those in the United States. From January 2009 to present, Koch companies have earned more than 1,300 awards for safety, environmental excellence, community stewardship, innovation, and customer service. For more information, please visit www.kochind.com/.
About IDI Logistics
IDI Logistics is a leading developer and manager of logistics real estate in the U.S. The fully-integrated logistics platform has a long track record of speculative development, build-to-suits and value-add acquisitions. In its 30-year history, IDI Logistics has developed more than 100 world-class business parks and 750 warehouses totaling over 200 million SF throughout North America. For more information, please visit www.idilogistics.com.
About Roscoe Property Management
Roscoe Property Management (RPM), is a full-service multi-family property management company. RPM collaborates with real estate investors, partnerships, and institutional clients, to manage each property based on the specific client’s needs. RPM has extensive experience managing quality suburban, urban, and luxury multifamily buildings. Our mission is to enhance our clients’ investments and create quality living environments for our residents. In addition to property management, RPM offers comprehensive pre-acquisition due diligence services, and project management supervision services. For more information, please visit www.rpmliving.com/.