Like many workplaces around the world, the Monument Group closed its West Lake Hills office in mid-March last year.
The future was suddenly uncertain as the global coronavirus pandemic struck. None of the 15 employees in the Texas-based communications firm had any way of knowing when they would return to their desks.
Just before the pandemic, the company had purchased new office furniture and finished outfitting the 8,000-plus square feet of space it owns in Austin, fully expecting to beef up hiring.
That staff expansion was put on hold.
Scott Dunaway, a partner in the firm, emailed his employees. It was March 13, 2020.
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Mesquite business park goes to New York investor
Kohlberg, Kravis, Roberts & Co. recently made another industrial buy in southern Dallas County.
Dallas-based Urban Logistics Realty also developed the Urban District 30 business park in Mesquite.(Stream Realty )
A New York-based investor has snapped up a new Mesquite business park.
A unit of global investment firm Kohlberg, Kravis, Roberts & Co. acquired ownership of the first phase of the Urban District 30 industrial park.
Ground was broken in January 2020 for the five-building, 980,000-square-foot industrial project near Interstate 30.
Urban District 30 is a project of Urban Logistics Realty and a private real estate equity fund advised by Crow Holdings Capital. The development was projected to create almost 500 jobs.
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Meet The Leaders (And Projects) Furthering North Texas’ Resilient Commercial Real Estate Market
In a year of unprecedented challenges, the Dallas-Fort Worth real estate community powered through with notable projects and deals.
By
Bianca Montes and Christine Perez
Published in
D CEO
April
2021
Portraits by Sean Berry, Headshots and Project Images Courtesy of Companies
North Texas commercial real estate players have survived some huge downturns over the years, from transformative tax-law changes to energy crises and tech busts. Those challenges pale in comparison to the pervasive COVID-19 pandemic that took hold in early 2020.
Retail stores and office buildings emptied, and with no historical frame of reference, no one knew what to expect or how to plan for the future. Local industry professionals responded in true resilient form, closing deals, developing new projects, and stepping up to support a community in need.