{"id":1004091387,"date":"2014-02-16T22:52:45","date_gmt":"2014-02-17T06:52:45","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=240044"},"modified":"2022-03-04T13:41:08","modified_gmt":"2022-03-04T21:41:08","slug":"cheddars-becomes-first-office-tenant-at-cypress-waters","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cheddars-becomes-first-office-tenant-at-cypress-waters\/","title":{"rendered":"Cheddar\u2019s Becomes First Office Tenant at Cypress Waters"},"content":{"rendered":"

By Amalia Otet, Associate Editor<\/em><\/p>\n

Billingsley Co. announced plans to break ground on a new office building at Cypress Waters, \"\"<\/a>its 1,000-acre master-planned development that straddles Dallas and Irving. The new compound will serve as the Cheddar\u2019s Casual Caf\u00e9 corporate headquarters.<\/p>\n

To be located on Ranch Trail and Interstate Highway 635 in Irving, the single-story building will offer 31,450 square feet of build-to-suit office space. Construction is expected to be complete in late May, and Cheddar\u2019s will have the ability to further expand the footage to accommodate future growth, according to Citybizlist<\/em><\/a>.<\/p>\n

\u201cBillingsley takes pride in our established history of delivering superior spaces and services. We were able to meet a very tight move-in schedule and are happy to show off our speed to market,\u201d commented Marijke Lantz, senior vice president of investments and build-to-suit.\u201cIt\u2019s exciting to see the office zone of Cypress Waters take shape. We are thrilled to have Cheddar\u2019s as our first office tenant.\u201d<\/p>\n

Jim Montgomery and William Mason of Swearingen Realty Group LLC represented Irving-based Cheddar\u2019s Restaurants.<\/p>\n

\u201cAs Cheddar\u2019s continues to expand nationwide and our support center increases to support 150 restaurants in 28 states, it was clear we needed a headquarters that could accommodate our growing team,\u201d said Rick Payne, Cheddar\u2019s senior vice president of administration & purchasing, in a statement for the press. \u201cOur new space at Cypress Waters will offer an open, collaborative design flow, a test kitchen for R&D and a training wing.\u201d<\/p>\n

Several projects are currently underway at the Cypress Waters complex, including a 188,440-square-foot, three-story speculative office building at 8951 Cypress Waters Blvd., as previously reported by Commercial Property Executive<\/em><\/a>.<\/p>\n

At full build-out, Cypress Waters will include as much as 4 million square feet of office space, 45,000 square feet of retail space, more than 10,000 residences, as well as three schools and a lakeside town center.<\/p>\n

Rendering of Cypress Waters<\/a> via Billingsley Co. official website<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Billingsley Company announced plans to break ground on a new office building at Cypress Waters, its 1,000-acre master-planned development that straddles Dallas and Irving. 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