One Summerside Place

ONE SUMMERSIDE PLACE - DALLAS, TX

Tipton was awarded the management and leasing assignment for the One Summerside Place office building in North Dallas in 1991. The building was a Class "B", two story suburban office building located in the Far North Dallas market area, approximately 1 block west of Preston Road. The building was owned by the Resolution Trust Corporation ("RTC") and was part of a commercial portfolio that they were trying to position for a sale. The building was 65% occupied at the time. Tipton accomplished the following within the first 10 months of our takeover of the management and leasing of the property:

CONCLUSION - Tipton's ability to quickly address physical deferred maintenance resulted in a long-term renewal by the building's anchor tenant. That was the catalyst that led to additional leasing successes which took the buildings occupancy to a level where the property was successfully marketed and sold. The improvements were completed and the sale consummated on behalf of our client much sooner than they had originally planned or anticipated.