- Irving – Las Colinas Chamber of Commerce
Accesso, a fully integrated investment manager and operator of multi-tenant office buildings, today announced that it has signed a lease with The Michaels Companies, Inc. to occupy 123,740 square feet of space at Royal Ridge III in Irving, Texas – it will be the property’s sole tenant. The location will serve as the corporate headquarters for Michaels, a Fortune 1000 company that has been a fixture in Irving since 2002.
Abbey Rowsey, Director, Asset Management and Special Projects for Accesso, said, “We are excited to welcome Michaels to the Accesso family and are honored it selected Royal Ridge III for its corporate headquarters. Michaels is a first-class organization focused on bringing people together, and like us, is a strong contributor to the communities it serves. The leasing process – from initial conversations to signed agreement – was completed within an efficient timeframe, and I personally commend the teams at both Accesso and Michaels and their brokers for how diligently they worked to make this important lease come together despite the unique challenges posed by COVID-19.”
Royal Ridge III is a modern and engaging Class A office property situated on John Carpenter Freeway (119,000 cars per day) with a layout designed to foster a creative, collaborative work environment. Conveniently located near the Dallas/Fort Worth International Airport and numerous flagship hotels, the building features 10-foot ceilings and large glass windows that allow for natural light to permeate throughout.
Irving Mayor Rick Stopfer said, “Michaels has been an extremely valuable corporate citizen in our community for almost 20 years. Not only does the company provide quality jobs for our residents, but its focus on good stewardship, volunteerism and promoting opportunities for its workforce to be a part of the Irving community is invaluable. We look forward to continuing our strong partnership with the company and its team into the future.”
In preparation for Michaels arrival, Accesso implemented a number of health and safety measures at the property to help mitigate the spread of infectious diseases. These protocols include adding more hand sanitizing stations and leveraging the Blue Box™ HVAC cleaning technology, which filters out harmful bacteria and toxic pollutants to ensure the system is properly circulating the highest-quality air.
Irving Economic Development Partnership President & CEO Beth A. Bowman commented, “Continued access to our highly-skilled workforce, central location, as well as business-friendly environment remain critical priorities to our business-industry as they evaluate real estate options. Our team is focused on leveraging that unmatched suburban location to enhance the tax base of our community. We are proud this Fortune 1000 headquarters will continue to remain at home, in Irving-Las Colinas.”
JLL’s John Brownlee and Michael Williams served as the leads broker for Accesso, while Jamie Jennings of Stream Realty Partners and Damian Rivera of ESRP represented Michaels.
Accesso is a full-service, vertically integrated commercial real estate investment manager, owner and operator that aims to provide superior returns to its U.S. and international individual and institutional investors. Accesso’s focus is on acquiring office properties in non-gateway metropolitan statistical areas, representing the fastest growing metropolitan cities and premier suburban submarkets throughout the U.S. Accesso’s property portfolio includes 35 office properties covering 15.6 million square feet. Its affiliate, Accesso Services LLC, provides proactive, cost-efficient property management services with an owner’s mindset. Accesso Partners LLC is headquartered in Hallandale Beach, FL, and has offices in Atlanta, Charlotte, Chicago, Dallas, Houston and Minneapolis.
About the Irving Economic Development Partnership
The Irving Economic Development Partnership is a public/private strategic collaboration of the Greater Irving-Las Colinas Chamber of Commerce, City of Irving, Irving Convention & Visitors Bureau, Las Colinas Association and private business industry investors. The Partnership’s efforts include fueling business growth, promoting new capital investment, creating high-quality jobs and improving Irving-Las Colinas’ quality of life. For more information, visit www.irvingchamber.com.
ICR For Accesso
Megan Kivlehan, Matthew Chudoba or Greg Michaels