CEO Jud Pankey formed Prescott Group. Current president Vance Detwiler joined as a principal, and Prescott acquired the first set of assets: three office buildings (7515 Greenville Avenue, 6300 Ridglea Place, Two Mission Office), and two land parcels of 404,000 square feet for a price of $25 million, along with a portfolio of residential assets.
Exceeded 1.5 million square feet of office space after closing a multi-city, multi-asset portfolio including 6060 North Central Expressway. Prescott Group acquired 110 West 7th Street, a 28-story, 521,854 square foot office building in Tulsa, Oklahoma.
Expanded to Houston and acquired 5959 Corporate Drive, a four-story, 567,333 square foot office building that serves as the prototype for Wiredzone.
Acquired Harbour Pointe Technical Center in Seattle â€” a four-story, 334,758 square foot building in Seattle, Washington.
Sold 7515 Greenville and 6300 Ridglea Place. Formed the Highpointe Group, a telecommunications company.
Acquired Walnut Glen Tower, an 18-story, 464,289 square foot office building from the publically traded Real Estate Investment Trust (REIT).
Purchased Summit Office Park, a twin office building, totaling 240,910 square feet. Secured $36 million in public-private finance and broke ground on a 70-acre urban infill redevelopment named Lake Highlands Town Center.
Launched the first multi-family development and completed The Shelby, a 55-unit mixed-use development with 3,700 square feet of retail.
Initiated construction on The BLVD, a 417-unit, mixed-used development near Southern Methodist University and the DART light rail at Mockingbird Station. Began a venture with Dyck Oâ€™Neal â€” who controls a portfolio of debt and serving platforms â€” to begin purchasing both residential and commercial mortgages.
Completed The BLVD and commenced vertical construction of Haven at Lake Highlands and Chenal Pointe at the Divide. Finalized an off-market recap of 1.4 million square feet of office in Houston, Tulsa and Seattle. Completed the sale of Johnson Square and Crestwood Place Apartments that resulted in an aggregate return of more than 50%.
Refinanced $33.2 million in debt of office and multi-family properties located in Dallas and Fort Worth. Completed the final closing of the telecommunication company, HighPointe Group to Global Tower Partners.
Acquired 2727 Turtle Creek Boulevard, an office building with prime positioning in the Turtle Creek and Uptown corridor. Sold The Shelby and Summit Office Park.
Announced the development of Tower 27, a 15-story innovative office building at 2727 Turtle Creek Boulevard. Sold 6060 North Central Expressway, 6080 North Central Expressway and The BLVD.