DALLAS, TX - Officials with PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced that the firm was awarded the leasing assignment for Coit Central Tower in Dallas.
Owned by RPD Catalyst's Catalyst Fund I, Coit Central Tower is centrally located in the thriving Dallas/Ft Worth metroplex on Coit and Central Expressway near LBJ Freeway. The 246,955 square-foot, 13 story, class A office building will undergo noteworthy enhancements including a fitness center, conference area, highly visible monument sign, directional signage, improved landscaping and a high-end motor court to welcome visitors and guests with a refined touch.
Catalyst Fund I was formed to acquire 0 million in value-add, opportunistic and niche-market investments in office, retail, industrial and mixed-use properties, actively targeting Dallas/Ft. Worth for acquisitions. "The diversified economic base, business-friendly atmosphere and educated, growing population continue to make Dallas very attractive to us," said Scott Dew, President of Catalyst Fund 1.
PMRG's Nathan Durham, senior vice president, will lead the leasing team at Coit Central Tower
About RPD CATALYST, LLC
Since its founding in 1999, RPD Catalyst has acquired office, retail and industrial properties in 18 major markets across the U.S. Its current portfolio includes 2.4 M. square feet in 16 properties with an estimated value of more than 0 M. . RPD formed Catalyst Fund I in 2007 to pursue opportunities for both cash-flow and mid-term returns for its investors. So far, in addition to purchasing Coit Tower in 2008, Catalyst Fund I has acquired a historic office building in the heart of downtown Minneapolis for renovation and is developing two LEED-certified office buildings in the Huntsville, Alabama area.
For further information about Catalyst Fund 1 LLC, please visit www.rpdcatalyst.com or contact Ms. Lori Benjamin at 310.557.1311 Ext. 105 or firstname.lastname@example.org.