Atlanta, June 09, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, today announced that it has secured the corporate relocation for 55,000 RSF of Builders FirstSource, a Fortune 500 company, to 6031 Connection Drive, part of the larger Las Colinas Connection project. With the relocation of Builders FirstSource, this brings an additional Fortune 500 company to the Irving - Las Colinas area.
“We are thrilled to welcome Builders FirstSource to Las Colinas Connection,” said Damian Miller, Piedmont’s Senior Vice President – Southwest Region, “6031 Connection Drive provides them the opportunity to access some of the area’s best talent and design space to meet their needs while additionally offering their employees a modern workplace focused on wellness, productivity, and efficiency.”
“We’re proud to reaffirm our commitment to Texas with the relocation of our corporate headquarters to Las Colinas,” said Dave Flitman, President and CEO of Builders FirstSource. “The new office provides our team members with an exceptional work environment and offers flexibility for us to expand our team to meet growing business needs. Most importantly, the space strengthens our ability to collaborate and be more efficient as we continue providing industry-leading service and solutions to professional home builders and remodelers.”
Las Colinas Connection provides tenants with a differentiated setting featuring outdoor seating areas and nearby walking trails. The property is WELL Health-Safety Rated and features a newly renovated lobby and common areas, updated fitness center, enhanced conference center, and a modern grab-and-go market. This location provides direct access to Highway 114 and 161 George Bush Freeway, DFW Airport, and over 60 nearby amenities located within 1.5 miles of the building. It also serves as home to companies such as Gartner and Epsilon and continues to attract corporate users for their headquarter needs.
“Builders FirstSource is the perfect tenant for Las Colinas Connection. The property has always served as a home to corporate headquarters, so adding an additional headquarters to the roster was a huge win for ownership and the City of Irving. We are grateful to the Colliers team for providing the opportunity,” said Sarah Kennington of Thirty-Four Commercial.
“Builders FirstSource is a growing company, with quality services and products that are in high demand throughout the country. On behalf of the City of Irving, we thank the company for choosing Irving-Las Colinas for its new corporate headquarters,” said Irving Mayor Rick Stopfer. “We look forward to building a partnership and integrating Builders FirstSource and its employees into the community soon.”
“We’re excited to welcome Builders FirstSource, a quality Fortune 500 corporate headquarters to our community,” said Beth A. Bowman, President & CEO of the Greater Irving-Las Colinas Chamber of Commerce and the Irving Economic Development Partnership. “This relocation is another testament to Irving-Las Colinas’ reputation as the Headquarters of Headquarters. With access to a large, highly-skilled workforce, ease of connectivity and innovative transportation options, various housing choices and desirable amenities, we’re certain Builders FirstSource will enjoy in its new home, in Irving-Las Colinas.”
Travis Ewert and Billy Vahrenkamp with Colliers represented Builders FirstSource in the transaction. Sarah Kennington and Bryce Jackson with Thirty-Four Commercial along with Joel Pustmueller with JLL represented Piedmont Realty Trust.
About Piedmont Office Realty Trust
Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in the Sunbelt. Its approximately $5 billion portfolio is currently comprised of approximately 16 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody’s (Baa2). Piedmont is a 2022 ENERGY STAR Partner of the Year. For more information, see www.piedmontreit.com.
About Thirty-Four Commercial Founded in 2017 by Sarah Hinkley Kennington, Thirty-Four Commercial, Inc. is a Dallas based commercial real estate firm. Thirty-Four Commercial focuses on Class A office leasing, brokerage, and property management. Combining their relationships in the local market with their expertise in office leasing, Thirty-Four Commercial provides expanded opportunities for their business partners and clients. From marketing a building, finding the ideal corporate location to representing their clients in all facets of a lease negotiation, they are engaged in each step of the process. Delivering focused resilient efficiency, Thirty-Four’s services put the client first. For more information about Thirty-Four Commercial Inc., please visit www.thirty-four.com.
About Builders FirstSource About Builders FirstSource Headquartered in Dallas, Texas, Builders FirstSource is the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling. We provide customers an integrated homebuilding solution, offering manufacturing, supply, delivery, and installation of a full range of structural and related building products. We operate in 42 states with approximately 565 locations and have a market presence in 47 of the top 50 and 85 of the top 100 MSA’s, providing geographic diversity and balanced end market exposure. We service customers from strategically located distribution and manufacturing facilities (certain of which are co-located) that produce value-added products such as roof and floor trusses, wall panels, stairs, vinyl windows, custom millwork and pre-hung doors. Builders FirstSource also distributes dimensional lumber and lumber sheet goods, millwork, windows, interior and exterior doors, and other building products.
About Colliers Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and $57 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
Anyone positioning their portfolio for a recession could be making a big mistake.
The Oracle of Omaha regularly buys back Berkshire Hathaway shares too.
Now, will this be enough to stabilize prices, the next few hours will tell, but there are still many questions, especially about the solvency of many crypto projects and firms. Elon Musk, the CEO of Tesla , and one of the biggest influencers in the world gave his support on June 19 to the crypto industry and more particularly to the meme coin Dogecoin. "I will keep supporting Dogecoin," Musk tweeted to his nearly 99 million followers on June 19.
After a deeply oversold condition in S&P 500, here is a silver lining for the looming stock market crash. Failure of this silver lining could result in …
Since hitting their respective all-time closing highs within the past seven months, the well-known Dow Jones Industrial Average, benchmark S&P 500, and growth-dependent Nasdaq Composite have lost 19%, 24%, and 34% of their value, as of June 16, 2022. Although big declines in the stock market can be worrisome, historical data shows that buying during these dips is a genius move. The key to success, aside from buying stakes in innovative, high-quality businesses, is allowing time to work its magic.
Legendary investor Warren Buffet has been active over the past few months, surprising Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) followers with his significant stake in Activision Blizzard (NASDAQ: ATVI), initiating new positions in names like Citigroup (NYSE: C) and Paramount Global (NASDAQ: PARA) (NASDAQ: PARA.A), and significantly increasing positions like Formula One Group (NASDAQ: FWON.A) (NASDAQ: FWON.K) and Floor & Decor (NYSE: FND). At first glance, Floor & Decor, trading at 23 times earnings, may not look like your textbook Buffett stock, but it's the one I am most bullish on today.
In this article we present the list of Louis Navellier is Buying These 10 Energy Stocks in 2022. Click to skip ahead and see the Louis Navellier is Buying These 5 Energy Stocks in 2022. ConocoPhillips (NYSE:COP), Phillips 66 (NYSE:PSX), and Devon Energy Corporation (NYSE:DVN) represent some of the biggest purchases of energy stocks made by […]
Considering where Zoom shares are trading now, even Ark's bearish scenario implies plenty of upside ahead.
Insiders who purchased Annaly Capital Management, Inc. ( NYSE:NLY ) shares in the past 12 months are unlikely to be...
(Bloomberg) -- Most Read from BloombergPutin Gets Unexpected Pushback From Ally Over War in UkraineBitcoin, Ether Bounce Off Lows After Record-Breaking RoutPutin May Win in Ukraine, But the Real War Is Just StartingUS Rejects China’s Claims Over Taiwan Strait as Concerns GrowSergey Brin Seeks Divorce, Joining Gates and Bezos in SplitSaudi Arabian shares closed at the lowest level in about six months, leading declines in Middle East markets, following the global sell-off last week and oil’s plung
Futures loom as Bitcoin broke lower over the weekend. Here's what to do as the bear market intensifies. Tesla rival BYD is setting up.
Warren Buffett is one of the all-time greats when it comes to finding winning investments in challenging markets. Through recessions, periods of high inflation, wars, pandemics, and other tough market conditions, the Oracle of Omaha has guided his conglomerate Berkshire Hathaway -- and its impressive stock portfolio -- to market-crushing performances, and inspired generations of analysts and investors along the way. With a nod to Buffett's incredible track record, three Motley Fool contributors have singled out a few stocks in the Berkshire Hathaway portfolio that they think look like great buys in this wild market.
In this article we present the list of 10 Stocks Donald Yacktman is Selling in 2022. Click to skip ahead and see the 5 Stocks Donald Yacktman is Selling in 2022. Huntsman Corporation (NYSE:HUN), Oracle Corporation (NYSE:ORCL), and Cisco Systems, Inc. (NASDAQ:CSCO) were a few of the prominent stocks that value investing legend Donald Yacktman was […]
Vinny Zane has a taste for life — and an appetite for risk. The 38-year-old teacher and father of a 2-year-old son on Brooklyn’s Coney Island got into crypto in 2017 with $4,000 worth of Bitcoin, and jumped into NFTs, or non-fungible tokens, last year. “It was a learning curve for me,” he told MarketWatch.
Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Five Below Inc. recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings.
“Avoid acting out of emotion and not logic. A knot in your stomach is not a good sell signal!” Emerson Ham III, a senior partner at the wealth management firm Sound View Wealth Advisors, told Fortune.
Retail stocks have taken a beating, but inflation, supply chain woes, and other cost concerns don't tell the full story.
Since hitting their all-time closing highs, the widely followed Dow Jones Industrial Average, benchmark S&P 500, and growth stock-fueled Nasdaq Composite (NASDAQINDEX: ^IXIC) have respectively tumbled by 17%, 22%, and 33%. There's no question that the velocity and unpredictability of downward moves during a bear market can weigh on investors' psyche. This makes corrections and bear markets the opportune time to put your money to work.
‘Bitcoin has already broken down [and is] now seeing significant downside follow-through,’ says Katie Stockton of Fairlead Strategies. Bitcoin believer Yves Lamoureux of Lamoureux & Co., though, thinks ‘bitcoin is fine.’
Does the market have it all wrong with Tesla? Here's what investors need to know before buying shares of the EV king today.