News & Insight

the-harbor

January 5th, 2017 by

Rockwall, TX – January 5, 2017 – PegasusAblon has completed the purchase of The Harbor, a 130,000 SF dining and retail lakefront park property. This center is recognizable by its tremendous visibility from the I-30 bridge over Lake Ray Hubbard. It is situated between the hills of Rockwall and the lakefront park on the water’s edge, surrounded by the newly upgraded Hilton Hotel.

“The Harbor is one of the few outstanding lakefront properties within a quick 30 minute drive from most of DFW. It has sunset dining, a public waterfront amphitheater with the Rockwall summer concert series, fountains, and a public tie up boat marina. We intend to infuse life and activity into this outstanding Rockwall centerpiece on Lake Ray Hubbard,” said PegasusAblon principal Michael Ablon. “For PegasusAblon, the acquisition of this project sits at the heart of its focus on experience economy-based real estate; creating, developing and owning real estate that caters to tenants who are delivering products to their customers that cannot be purchased on the internet – where the experience is the product.”

The Harbor is over 80% leased and includes entertainment, shopping and dining tenants. The property’s unique location on the shore of Lake Ray Hubbard provides for a prime shopping destination and cultural and entertainment experience.

“This is an outstanding restaurant and retail property, and with the hands-on ownership and capital improvements that are coming, we expect to bring great new tenants to the Harbor property before summertime,” said Jim Ziegler, Managing Director of Retail Investments. “We are pleased to have Cinemark, Gloria’s Restaurant, and a depth of current tenants to work with moving forward.”

Read more from the Dallas Morning News


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© Royce Bishop Photography

November 13th, 2016 by

The Dallas Business Journal has released it’s 2016 list of Top Commercial Property Managers in Dallas/Fort Worth. Companies were ranked by the total local commercial square feet managed. PegasusAblon is honored to rank among the top 25 with 2.6 million square feet managed locally in Dallas/Fort Worth.

 

To view the complete list, click here

bisnow-millennials

September 26th, 2016 by

From Bisnow.com:

WHY IS DALLAS ATTRACTING MILLENNIALS? IT IS ONE ITSELF

Texas attracts new and relocating business for many reasons—including its Central Time Zone, no income tax, strong employee market and pro-business policies. PegasusAblon principal Mike Ablon says Dallas is killing it in the office market for another key reason: Dallas isn’t just a city filled with Millennials, Dallas is a Millennial. Hear more from Mike and many other office experts at the Dallas State of Office event on Sept. 29.

Read more on Bisnow.com

bptw-group-photo

September 26th, 2016 by

PegasusAblon is honored to have been named #3 on the 2016 Best Places to Work – Micro Companies list from the Dallas business Journal. We were so lucky to compete among over 460 other DFW companies! Congratulations to all of the other finalists.

Read more from the Dallas Business Journal

i-30 traffic

August 30th, 2016 by

From dallasbusinessjournal.com

Special Report: Fixing Dallas’ Highway System

Proposed Fair Park redevelopment shows potential benefits of I-30 upgrade.

Taking a side

When Mike Ablon began buying up properties in the Dallas Design District, he knew accessibility to the artsy neighborhood fronting the Trinity River was paramount.

It took time, but, with the help of city and community leaders, Ablon and other stakeholders helped bring greater accessibility from the Dallas North Tollway to Oak Lawn Avenue, which was an important step in connecting the Design District to the rest of Dallas.

The access also helped push the Design District to the forefront. It is now one of Dallas’ hottest neighborhoods undergoing significant transformation.

“When you put the on- and off- ramp at Oak Lawn and look at what happened to Old Parkland and the Design District, those wouldn’t have happened without that help,” said Ablon, the founding principal at Dallas-based PegasusAblon. “It’s about improving a city’s fabric and tying it together.”


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The Terraces Crane Blast Cover

March 21st, 2016 by

The cranes are up and construction is underway for the Terraces at Douglas Center in Dallas!

The Terraces is a 170,000 SF office building designed for the 21st century user. So-named for the terraces which grace the highest floors, its unique design treats upper floor tenants to expansive views of North Dallas. From the high-touch lobby and service-based security and concierge program, the Terraces is a new interpretation of the modern office. Designed to accommodate well-established and entrepreneurial firms alike, it’s Preston Center’s best building at the best location.

To view a time lapse of the construction, click here.

For more information about Douglas Center, click here.

Check back for more updates as construction continues!

Mike Ablon

February 29th, 2016 by

From D Magazine:

The Dallas 500 is a special edition that celebrates the most influential leaders in North Texas. It’s produced by the editors of D CEO (named the country’s best regional business magazine for the past three consecutive years) who have spent nearly a year doing research and interviews. Unprecedented in scope, The Dallas 500 provides an engaging, personal look at the people who have made Dallas-Fort Worth such a powerful economic force.

Michael Ablon is featured as a real estate leader for the 2016 edition. Here is the excerpt from his interview:

“After working his magic on the Design District, Mike Ablon is now turning his attention to Preston Center and Frisco. Although he has had a string of successes, he says he’s just getting started. ‘I enjoy the overlaying of the evolving American culture over classical architecture and business,’ Ablon says. ‘Done properly, this requires highly disciplined creativity. I hope to become very good at this over the next 20 years.'”

Congratulations to Michael Ablon and the rest of the honorees!

A at FS Magazine

February 4th, 2016 by

Coinciding with the first move-ins at PegasusAblon’s newest project, Ablon at Frisco Square is featured this week in Frisco STYLE magazine as part of the “Heart of Frisco.” Read the full article in the online edition of the magazine here. For more information about the beautiful new property, check out the website here.

Exterior 9-web

December 23rd, 2015 by

HOUSTON, Texas (December 23, 2015)—Houston-based private equity firm Lionstone Investments and Dallas-based developer PegasusAblon announced that they have sold Dallas’ iconic Ross Tower on behalf of an institutional investor who has owned the property since 1999.


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fochstreet2

October 21st, 2015 by

DALLAS, Texas –October 21, 2015– PegasusAblon announced today that it has arranged the purchase of the Foch Street Warehouses on behalf of the buyer, Lionstone Investments. Located at 921 and 1001 Foch Street in Fort Worth, the 136,297 square foot retail center is currently 90% leased.


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