Kaizen Development Partners breaks ground on One Bethany West in Allen

JLL selected as exclusive leasing partners for Class A office project One Bethany West in Allen

May 03, 2019

DALLAS, May 3, 2019 – Kaizen Development Partners announced the ground breaking for One Bethany West at Watters Creek in Allen, Texas today. BOKA Powell is the architect for the project and Balfour Beatty is serving as the general contractor.

JLL’s Blake Shipley and Chris Doggett are leading the marketing and leasing efforts for the eight-story, 200,000-square-foot, spec Class A office property.

“One Bethany West provides access to both a highly-educated workforce and one of the most competitive, pro-business environments in North Texas,” said Derrick Evers, Managing Partner/ Chief Executive Officer, Kaizen Development Partners. “Its location and accessibility within this thriving community, paired with its unique blend of on-site and nearby amenities, will establish One Bethany West as one of the premier business destinations in our region for perspective tenants.”

On-site amenities will include a tenant lounge, conference center, fitness center, men’s and women’s locker rooms with shower facilities, and a golf simulator.

One Bethany West will also provide tenants and guests immediate access to the new Watters Creek Convention Center and Delta Hotels by Marriott Dallas Allen, which features the new Stampede 66 from renowned celebrity Chef Stephan Pyles. The property is located across from Watters Creek, which offers a variety of popular restaurants, retail and shopping options.

The Allen Economic Development Corporation (AEDC) is also pleased to support the project.

“Allen has a reputation for partnering with tenants on relocations to buildings like One Bethany West,” said Daniel Bowman, CEO of the AEDC. “We expect corporations will recognize the incredible amenities and walkability this project offers.”

One Bethany East at Watters Creek was completed last year, as was development on cybersecurity and business intelligence provider NETSCOUT Systems, Inc.’s new regional research and development office at One Bethany at Watters Creek. According to JLL Research, over 736,000 square feet of Class A office space was absorbed in the US 75 North submarket in 2018, 19.6% of the market total, driven in part by companies interested in accessing nearby quality labor pools and the surrounding infrastructure.

One Bethany West is scheduled to deliver Q1 2020. Two additional development sites are currently available in One Bethany at Watters Creek for potential build-to-suits.

For information on leasing opportunities at One Bethany West or the available sites at One Bethany at Watters Creek, please contact Blake Shipley at +1 214 438 6118 or blake.shipley@am.jll.com, or Chris Doggett at +1 214 438 6390 or chris.doggett@am.jll.com.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com

About Kaizen Development Partners

Kaizen Development Partners (KDP) is a commercial real estate developer specializing in office, mixed- use, and healthcare developments. KDP brings unencumbered creativity, marketplace knowledge and strategic vision to the built environment. Over the past ten years alone, the principals at KDP have developed approximately 2 million square feet of institutional quality projects valued close to $1 Billion. KDP is rooted by senior-level principals committed to delivering extraordinary value and service through innovative thought leadership, effective market positioning, conservative risk management, and hands-on project management.  For further information, visit www.kaizendp.com.

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. The AEDC was instrumental in bringing over $500 million in projects to completion in 2018 including the relocations of NETSCOUT Systems, BossFight Entertainment, a world-class independent game development studio, financial services firm Credit Union of Texas and the expansion of WatchGuard Inc., the leading provider of mobile video solutions for law enforcement.  To learn more, visit www.AllenEDC.com.