After 28 years in the same location in downtown Dallas, Tom Hicks, founder of Hicks Holdings, thought it was time to look into alternative locations for the family office. The office, specializing in opportunistic private equity, real estate, and sports and entertainment investments in the United States and South America, needed to maintain a prestigious address in a prominent Dallas location and wanted unparalleled views of downtown Dallas. SASCO provided the right solution – negotiating a 17,500 square foot lease comprising the full 50th floor of Chase Tower in downtown Dallas. SASCO identified the space, negotiated the lease agreement and assisted in the planning and oversight of the office finish out.
After becoming a stand-alone public company following its initial public offering, WhiteWave Foods sought to reestablish its corporate headquarters in downtown Denver, Colorado. SASCO identified a suitable office location and negotiated a lease of 41,500 square feet of space located at 1225 17th Street Plaza. SASCO also assisted with the selection of the architects, coordinated construction services, finish out and relocation services.
WhiteWave Foods, one of the country’s leading beverage companies, turned to SASCO following its decision to consolidate multiple offices and establish a new corporate headquarters and R&D facility.
SASCO conducted market analysis, assisted WhiteWave with its site selection and negotiated the lease of over 170,000 square feet in Broomfield, Colorado.
SASCO has also represented WhiteWave in its acquisition or lease of multiple agricultural sites, regional sales offices and manufacturing facilities throughout the country.
“SASCO is that rare outside service provider that truly integrates as part of your company’s team. Whether the deal is large or small, you can rely on SASCO to be available 24/7 to help you find cost-effective and efficient business solutions. There isn’t an outside service provider I would recommend more highly.”
Roger Theodoredis – General Counsel, WhiteWave Foods
SASCO represented Quaker State following its decision to relocate its Pennsylvania corporate headquarters to be closer to its key operations.
SASCO conducted market analysis, assisted with site selection and negotiated Quaker State’s lease of over 150,000 square feet of space in the Las Colinas Urban Center in Irving, Texas.
SASCO also represented Quaker State in the sale of all excess real estate facilities following its acquisition and integration of the Specialty Oil Companies.
SASCO represented the purchasers in acquiring multiple parcels of land through over 100 separate transactions, ultimately assembling over 14 acres of land in the historic State Thomas District in Dallas, Texas.
The State Thomas District is now a mixed-use residential/commercial district in the heart of the vibrant, upscale Uptown area. Over 9,000 residential units and the largest remaining collection of Victorian residential structures in Dallas make up this historical district.
“Our land acquisitions in State Thomas required in-depth knowledge of the market and a long-term, big-picture perspective. SASCO brought all of that – together with a strategic sense of how to deal with multiple owners and handle difficult negotiations. We couldn’t have done it without them.”
John Heikenfeld – Former Chief Financial Officer, Lenhdorff USA
Burlington Northern, one of the country’s top transporters of intermodal freight and coal, turned to SASCO to represent it in connection with the renegotiation of the lease of its corporate headquarters, located in Continental Plaza in downtown Ft. Worth.
SASCO has also assisted Burlington Northern with various leases throughout the country, including the restructure of a major lease in Naperville, Illinois, a suburb of Chicago.
SASCO represented Comerica Bank in the lease to First USA/Bank One of 300,000 square feet of a portion of the 50-story Thanksgiving Tower in Dallas, Texas. SASCO then represented the landlord in its sale of its minority interest in the building.
Due to the minority ownership position and the complex condominium structure of this property, this transaction required highly sensitive negotiations and dealings with multiple parties, including the investment arm of the government of Singapore.
“SASCO and its principals are always a step ahead – they can figure out the best strategy on any deal, no matter how complex. If you want a competitive advantage – you want SASCO on your side.”
Joe R. Goyne – Chairman and Chief Executive Officer, Pegasus Bank
SASCO represented Texas American Bancshares in the restructuring of 18 bank facility leases throughout Texas, including its largest facility located in the 64-story Williams Tower adjacent to the Galleria in Houston, Texas.
These restructurings, which resulted in significant cost reductions and improved terms, were completed over a period of three years. The restructuring of these leases represented a critical component in the plan to stabilize the bank’s operations.
SASCO represented the purchasers in aggregating over 23 acres of land in the prestigious Uptown area of Dallas, Texas. This required negotiations with over 40 different owners over a period of four years.
This area of land assembled – now known as the Quadrangle – is one of Dallas’ most distinguished and original mixed use properties, featuring office buildings, restaurants, retail, and entertainment venues.
Freese and Nichols, one of the oldest and largest engineering firms in the Southwest, turned to SASCO to handle the relocation of its corporate headquarters to Ft. Worth, Texas. This relocation was only the third move the firm had made in its 100+ year history.
SASCO negotiated the firm’s lease of the 82,000-square-foot facility as well as two subsequent renewals. SASCO continues to handle real estate planning and leasing for the firm’s local offices throughout Texas.
“I can’t say enough about the tremendous help Harold and SASCO have been to us over the years. They began doing our real estate work over 20 years ago and continue to do so today. That’s due to their incredible work ethic, dedication, knowledge of the market, and absolute commitment to excellence – both personally and professionally.”
Robert L. Herchert – Chairman, Freese and Nichols, Inc.