(DALLAS, Texas) November 3, 2016 — Billingsley Company, one of Dallas’ most active and well-regarded real estate development companies, announced today that OCC, the world’s largest equity derivatives clearing organization, will be moving its local corporate campus from Keller to Cypress Waters, a 1,000-acre development that spans the cities of Dallas, Coppell and Irving.
OCC will occupy 46,500 SF in the latest 250,000-square-foot office space located on Cypress Waters Boulevard, next door to One Source Virtual’s new headquarters and Signet’s new Repair Center. The building is currently under construction, set to open in March 2017. OCC plans to move into the space sometime in the second quarter of 2017.
OCC Executive Chairman and CEO Craig Donohue said: “We developed a corporate real estate strategy that ensures that our Texas colleagues enjoy best-in-class quality work space. The Cypress Waters location will allow our team to foster greater collaboration through an increased number of meeting rooms and open spaces, and the enhanced work environment will provide greater support for the culture we are building together as part of our mission to support market participants.”
“Our goal was to not build an office park, but rather to build a community where employees have a wealth of amenities right outside their door,” said Marijke Lantz, SVP, Investments and Build to Suits, Billingsley. “Working in a rich environment where people enjoy coming into the office has become an important part of what drives recruiting and retention. Seeing this come to life at Cypress Waters is really resonating with companies like OCC. And now that construction has also started on the lake front retail, office and residential, OCC will soon have even more of a thriving neighborhood for their employees to enjoy.”
Lucy Burns, Partner, Billingsley, added “Quality of life, quality of schools, quality of homes and the quality and care put into planning the extras in our community like parks, trails, trees, and artwork all come together to forge the vision we have for Cypress Waters. Our next big ‘Coming Soon’ announcement is going to be a wonderful park just outside OCC’s front door. Billingsley’s goal is to continue to enrich the area in order to attract even more great companies to the region.”
Lois Durkin of global real estate strategy and services firm Holly Duran Real Estate Partners LLC represented OCC in this transaction, with local support from Robert Deptula of Transwestern. The OCC project team also includes architect Perkins+Will, engineer Environmental Systems Design, Inc. and general contractor Balfour Beatty Construction for their office interiors.
About Cypress Waters
Cypress Waters’ 1,000 acres will become a high-density community of up to 4,000,000 square feet of office space, 450,000 square feet of retail space, over 10,000 residences, and three schools. Located in the City of Dallas and Irving and in the Coppell Independent School District, Cypress Waters offers a premier address and the best school system to its citizens. Cypress Waters will join Legacy and Las Colinas as leading suburban developments in the southwest and in the nation.
The Offices of Cypress Waters is a sustainable, mixed-use suburban corporate campus in the heart of one of the fastest growing cities in the nation. With two nearby substations, significant sources of water, and several fiber providers, the property has tremendous business infrastructure already in place. The abundance of land gives corporations the flexibility to grow organically over time. The campus will reflect 21st century corporate values: environmentally sophisticated buildings, extensive natural landscaping, pedestrian trails and streets, and lakeside restaurants. Cypress Waters will represent the lifestyle and values of Generations X, Y, and Z thereby enhancing the brands of our corporations. For more information visit www.cypresswaters.com.
About Billingsley Company
Billingsley Company delivers unique insight and expertise to the art and science of commercial and residential real estate development. Founded in 1978 by Lucy and Henry Billingsley, Billingsley co-owns, designs, finances, leases, and manages their properties for the future success of their investments and the success of their tenants.
Combining their relationships in the local market with their expertise in development, Billingsley Company provides expanded opportunities for their business partners. From raw land to build-to-suit projects and fully developed communities, they are engaged in each step of the process. Delivering smart design integrated with artistic works and natural spaces, Billingsley Company’s developments are life-enhancing communities in which to work, live, play, shop and dine. For further information, visit www.billingsleyco.com.
OCC is the world’s largest equity derivatives clearing organization and the foundation for secure markets. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2016 Clearinghouse of the Year by Global Investor/ISF Magazine, OCC now provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available at www.theocc.com.
About Holly Duran Real Estate Partners LLC
Based in Chicago, Holly Duran Real Estate Partners LLC (www.hdrealestate.com) is a global real estate strategy and services firm dedicated to providing innovative, cost-efficient solutions to commercial tenants. The firm has negotiated over 16 million square feet of office, industrial and data center leases in over 65 cities, 36 states and 10 countries, managing transactions and lease portfolios for clients ranging from small professional firms to large multi-national organizations. For more than 30 years, HDREP has built its reputation on long-standing relationships, including an extensive track record of successfully representing industry leaders in the futures, options, derivatives and technology space. HDREP provides a full scope of real estate services, including brokerage, strategic advisory, investment sales, acquisitions and dispositions, development, real estate finance and analysis, real estate valuation and project management.
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