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News release

Dallas, TX

Energy firm relocating headquarters to Allen

Verado Energy, Inc. secures new office at One Bethany East in Allen

​Dallas, March 12, 2018 – JLL announced today the successful negotiation of a new office lease for Dallas-based Verado Energy's new headquarters. One Bethany East in Allen, Texas, will serve as the domestic oil and natural gas production company's new base of operations.

"Our Verado team is thrilled to have its headquarters at One Bethany at Watters Creek," said Christopher Graham, CEO of Verado Energy, Inc. "The exceptional building and location provide all the amenities we were looking for to enable our team to grow and excel in an enjoyable environment."

One Bethany East is the first phase of One Bethany at Watters Creek, a 17-acre, multi-phase, corporate office park in Allen, Texas by owner/developer Kaizen Development Partners. The recently completed 125,000-square foot, Class A office property offers a conference center, training room, tenant lounge, fitness center and large, 570-space structured parking garage.

One Bethany at Watters Creek is located within walking distance of a diverse mix of shops, restaurants and high-quality apartments in the Watters Creek mixed-use development. The office park is planned for a mix of multi-tenant Class A office buildings and single-tenant build-to-suit Class A office buildings designed to meet the needs of larger tenants in a campus environment.

"Verado Energy's relocation to One Bethany East is a testament to the growing appeal of One Bethany at Watters Creek and the city of Allen as a premiere destination for innovative, forward-thinking companies to do business," said Derrick Evers, CEO and Managing Partner of Kaizen Development Partners. "We are delighted they selected One Bethany East as their new corporate home and applaud the hard work and commitment from everyone who made this possible."

Verado Energy, Inc. is the most recent company that has decided relocate to One Bethany East. JLL announced video game development company Boss Fight Entertainment was relocating their headquarters to the new development in December.

One Bethany at Watters Creek will also include high-tech firm NETSCOUT'S new regional corporate office, which broke ground in August, and the Delta Hotels by Marriot Dallas-Allen and Watters Creek Convention Center opening December 2018.

JLL Senior Vice Presidents Chris Doggett and Blake Shipley negotiated the 8,900-square-foot office lease on behalf of Kaizen Development Partners. Doggett and Shipley are leading the leasing and marketing efforts for the property. Fischer Company's Sharon Friedberg represented Verado Energy in the transacation.

"Kaizen Development Partners has delivered a fantastic office solution in One Bethany at Watters Creek that's meeting the increasing demand of growing companies across North Texas," said Doggett. "One Bethany's in-house, cutting-edge amenities, variety of nearby shopping and dining options, and accessibility to quality labor put Verado Energy in a great position for long-term growth. We're proud to welcome them to One Bethany East."

Allen Economic Development Corporation and the City of Allen were instrumental partners to the office park's development.

For leasing information on One Bethany at Watters Creek, please contact Chris Doggett at +1 214 438 6390 or by email


About Allen Economic Development Corporation

The Allen Economic Development Corporation (AEDC) is funded through a citywide half-cent sales tax and charged with facilitating company relocations and assisting the expansion of existing businesses, which creates jobs and generates additional tax revenue to the community. Today, Allen's total ad valorem tax base exceeds $8.5 billion. Recently, the AEDC was instrumental in recruiting CyrusOne, a premier global data center REIT, with their 340,000 square foot facility opening in 2018.  To learn more, visit


About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit