Younger Partners created a new platform to acquire retail properties: Younger Partners Investments. It will target retail properties from lifestyle to neighborhood centers in the Dallas-Fort Worth Metroplex. Along with this new division comes the hire of Micah Ashford to lead the charge.
“We feel like retail is one of the most disrupted sectors of commercial real estate,” says Younger Partners Co-Founder Moody Younger. “While we can relate to the tough times COVID-19 has created for many, we are confident in the resilience of Texas and we are excited to make this investment in the future of retail and our region. The opportunity to add talent like Micah made the decision to launch this new platform an easy one for us.”
Ashford is coming off a two-year hiatus from a 20-year career as a partner at Dunhill Partners, a leading commercial real estate firm in the Southwest that focuses on retail shopping centers.
Younger Partners Co-Founder Kathy Permenter says the new division has been part of the partners’ long-term strategy. “With the market going through dramatic changes as the result of the COVID-19 pandemic, this is a good time to do it. I started my career in retail, and it continues to interest me. I look forward to investing in this sector,” she says.
Younger says three key factors played a role in why retail was the logical choice for the investment line. First, it doesn’t conflict with Younger Partners’ existing service lines. Additionally, he believes opportunities will emerge in retail and value can be created. Finally, Ashford’s availability to lead the team was the clincher.
You can reach Micah Ashford at email@example.com or 214-238-8016 (office) and 214-215-3871 (mobile.) For more information on her joining Younger Partners, see her new hire press release here.
Younger Partners Co-Managing Partner Kathy Permenter made her radio debut Aug. 23 on KRLD CEO Spotlight, hosted by David Johnson, on KRLD 1080-AM. Kathy talked about the newly released third edition of The Book, which details the historical landscape of North Texas real estate. Listen to the interview here. #YoungerPartners#WhatWeAreMadeOf#MadeOfLeaders
A who’s who of commercial real estate leaders gathered Wednesday at Turtle Creek Park for a celebration honoring the release of the third edition of “The Book.” Filled with stories of perseverance and innovations, “The Book” highlights the developments and the legendary figures whose extraordinary vision and real estate prowess shaped North Texas. Among the eight-member team who worked on “The Book” are Younger Partners’ Robert Grunnah and Kathy Permenter.
See what Steve Brown has to say about it in the Dallas Morning News.
Congrats to Younger Partners Co-Founder Kathy Permenter on her NTCAR Stemmons Service Award nomination. We are so incredibly proud of her achievements both professionally and within the community she serves. She was nominated along with Venture’s Mike Geisler, Fischer & Co’s Sharon Friedberg & Citadel Partners’ Scott Morse. Congratulations to the 2018 winner, Scott Morse. Here’s a wrap up of the Younger Partners team at the event at the Dallas Country Club.
The Younger Partners team is humbled to finish in the Top 10 of in the medium category of the Dallas Business Journal’s 2018 Best Places to Work. Thanks to our leadership & the entire team for making this a Best Place to Work. #dfwworks #bptw #teamwork #togetherwewin See the full rankings here.
The BPTW event was deemed “DFW’s biggest company picnic” at the Dr Pepper Ballpark Center in Frisco with colleagues and families invited to join in corn hole, giant Jenga, the hula hoop hustle, among other fun and games.
The Younger Partners leasing team of Kathy Permenter, Trae Anderson, and Sarah Savage signed 30,544 square feet of leases at Republic Center, 325 N. St. Paul St in Downtown Dallas.
Among the leases:
- Smith Clinesmith, LLP/Clinesmith Law Firm leased 11,213 square feet. The tenant was represented by Jayson Montoya at NAI Robert Lynn.
- HealthMark Medical Group, LLC leased 10,034 square feet. The tenant was represented by Conor McCarthy at JLL.
- Constellation New Energy, Inc. leased 6,502 square feet. The tenant was represented by Bret Hefton and Graham Shelby at Avison Young.
- Addison Group (Bridgepoint Consulting) leased 1,594 square feet. The tenant was represented by Nick Gray at Kevo Commercial.
- Phlox Capital Management leased 1,211 square feet. The tenant was represented by Oliver Day at Altschuler and Company.
“Republic Center is located in the heart of Downtown, adjacent to public transportation and the soon-to-be Pacific Plaza Park,” says Ms. Permenter. “Republic Center’s occupancy is well above the CBD average and office-users are taking notice. Later this summer, the American Institute of Architects will be moving in on the bottom two floors.”
?The very best among DFW #commercialrealestate are being honored at the #NTCAR #HallOfFame event tonight including Dallas Cowboys’ Jerry Jones & KDC Development’s Toby Groves. Our own Kathy Permenter & Robert Grunnah serve on the HoF committee.?
Here’s a variety of shots from the Hall of Fame members with inductees, the Hall of Fame committee, Younger Partners brokers and some Dallas Cowboys, too.
Younger Partners was awarded the Dallas Business Journal Best Real Estate Deal of 2017 for Neighborhood Impact for the AIA Dallas & Dallas Center for Architecture lease at Republic Center. YP’s Kathy Permenter, Trae Anderson and Sarah Savage represented Republic Tower. Solender/Hall’s Eliza Solender represented AIA. #DallasBRED?
For the full list of DBJ winners, click here.
YP is honored to be among the DBJ Best Real Estate Deals of 2017 finalists in the neighborhood impact category for the American Institute of Architects Dallas Chapter and Dallas Center for Architecture lease at Republic Center.
YP’s Kathy Permenter, Trae Anderson and Sarah Savage represented Republic Center. Solender/Hall’s Eliza Solender represented AIA. The long-term lease is for 13,708 square feet of office, exhibition and meeting space on the building’s first two floors, connected by an interior staircase. Located in the heart of the city center near public transportation, the space in Republic Center has high street-front visibility and pedestrian traffic, and is directly across from what will be a special new outdoor space, Pacific Plaza. #DallasBRED
Link to the announcement here.
Moody Younger & Kathy Permenter set the bar high for other leaders. Thanks for all you do! Happy #bossesday to two of the best in the biz!
Congrats to YP’s co-founder Kathy Permenter for being named one of four 2017 Stemmons Service Award finalists. She shares the nomination honors with Carey Cox Company’s Bill Cox, Venture Commercial’s Mike Geisler, and Transwestern’s Nora Hogan.
The Stemmons Service Award is NTCAR’s premier event and is presented annually to honor a member of brokerage community who best exemplifies the highest standards of a commercial real estate professional. Each year NTCAR recognizes one of its members with the Stemmons Service Award, an honor presented to the NTCAR member who best exemplifies the highest professional standards of a commercial real estate broker. This prestigious award is conferred on the professional who has earned the respect of his or her peers, and is an active and productive broker who successfully resolves the intricacies of bringing two parties together in a real estate transaction. The event is scheduled for Jan. 25 at Dallas Country Club.
Changemakers at three DFW firms are transforming the business—and gaining market share.
Running a commercial real estate firm in Dallas-Fort Worth is not for the faint of heart. Firms here are at the top of their game, and the competition is fierce. But in a market as big and active as North Texas, there are bountiful opportunities, too. “So much of it comes down to hustle,” says Moody Younger of Younger Partners. “If you have good people and work hard and are honest with clients, you’ll get your share.”
Younger and Kathy Permenter, co-founders of Younger Partners, are part of a new leadership class in Dallas real estate, a group that also includes David Pinsel at Colliers International and Steve Everbach at Cushman & Wakefield of Texas Inc. All have been in their current positions for about two years. Younger and Permenter run their own shop; Pinsel and Everbach were both brought in to turn around the DFW offices of their respective companies. All have proven they have the mettle it takes to compete. Here are some of their strategies.
Restaurant chain Cheddar’s Casual Cafe is moving its headquarters to developer Billingsley Co’s new Cypress Waters office park.
The company will relocate to a new 31,450 square foot office project that will start in late May at on Ranch Trail and Interstate 635.
All the stars aligned for both the buyer, Caddo Holdings, and the seller, Granite Properties, to get what they wanted out of the sale of the 261k SF Preston Plaza. Full article.
Billingsley Company, one of Dallas’ most active and well-regarded real estate development companies, is making progress on construction of 6111 West Plano Parkway in International Business Park. Complete article.
Men’s fashion retailer J. Hilburn has rented space in a North Dallas office tower for its home office. The company leased 26,000 square feet in the Park Central 3 building on LBJ Freeway.
Brant Landry of E. Smith Realty Partners negotiated the lease with Nora Hogan, Robert Deptula and Natalie Snyder of Transwestern and Kathy Permenter and Sean Dalton with Younger Partners. J. Hilburn is currently located at 2601 W. Mockingbird Lane in Dallas.
“Park Central 3 is allowing J. Hilburn to take the next step in our company growth plan,” said co-founder Veeral Rathod. “Our new corporate headquarters provides a cohesive work environment and an efficient layout.” Complete article.