FRISCO, TX - June 16, 2006 - Craig Hall, founder and chairman of Hall Financial Group, announced today that AmerisourceBergen Specialty Group, a leading provider of specialty pharmaceutical services, has leased approximately 214,000 square feet at Hall Office Park in Frisco, Texas, for its new Group Headquarters. AmerisourceBergen Specialty Group is a subsidiary of AmerisourceBergen, a Fortune 27 company headquartered in Valley Forge, PA, and one of the largest pharmaceutical services companies in the world, servicing both manufacturers and healthcare providers in the pharmaceutical supply chain.
To accommodate AmerisourceBergen Specialty Group’s space requirements, Hall Financial Group is completing 3101 Gaylord Parkway, a three-story, 127,000 square foot office building currently under construction, and will build out and deliver another 80,000+ square feet in an adjacent second building with a 9,000 square foot customized connection between the two that will house the company’s main reception area and conference rooms.
“AmerisourceBergen Specialty Group’s continued growth and space limitations in its current location prompted us to seek a new office within the Dallas/Fort Worth region,” said Steven H. Collis, President of AmerisourceBergen Specialty Group. “After careful evaluation, we selected Hall Office Park and look forward to calling Frisco, with its terrific blend of business and lifestyle advantages home. The city offers an educated workforce, affordable housing and ample hotel options for visiting clients and partners.”
More than 350 associates from the Specialty Group and its ASD Healthcare and ICS divisions will move to 3101 Gaylord Parkway and the building’s connecting extension from its current space-limited location in Addison, Texas around the first of next year. Occupancy in the second building is expected to take place as the group grows over the next few years.
“Part of what we are doing at Hall Office Park is not just building office buildings, but creating an environment where our tenants’ employees can be happier and ultimately more productive,” said Craig Hall. “They can have lunch outside surrounded by lakes and art, and enjoy the benefits of on-site child care, a bank, a fitness facility and an accredited university. We hope and expect that AmerisourceBergen Specialty Group will prosper and grow and that we will continue to serve their needs as we continue to expand the park.”
"This complex transaction was especially significant in that it involved multiple relocations,” said Randy Garrett, principal of the Tenant Advisory Services Group with Transwestern Commercial Services. “Even though the search began quite awhile ago, the timing was ultimately ideal for all parties. AmerisourceBergen Specialty Group was able to secure a prime office location in a beautiful, premier business park in one of the finest cities in North Texas.”
“We are pleased that AmerisourceBergen Specialty Group will soon join the ranks of other industry leaders who have chosen Frisco as a crucial site for their businesses,” said James L. Gandy, president of the Frisco Economic Development Corporation. “As part of a corporation ranked #27 on the Fortune 500 list, AmerisourceBergen Specialty Group has earned a national reputation as an essential partner in specialty pharmaceutical success. The company’s selection of Frisco as the site for its headquarters reaffirms the fact that Frisco is an ideal location to work, live and play. We proudly welcome them to our city and look forward to a long and prosperous relationship.”
Jean Farris, director of leasing, handled negotiations on behalf of owner and landlord, Hall Financial Group. Randy Garrett, principal of the Tenant Advisory Services Group with Transwestern Commercial Services in Dallas, and Dan Knudson, executive vice president with GVA Daum Commercial Real Estate in Newport Beach, CA, represented the tenant.
About Hall Office Park
Hall Office Park is Hall Financial Group’s signature, award-winning 162-acre development, master planned for three million square feet of Class A office space. Today, more than 154 companies with 6,800 employees call Hall Office Park home. Thirteen architecturally distinct office buildings have been completed or are nearing completion, two are under construction and more are planned. Uniquely centered in one of the fastest growing regions in the nation, Hall Office Park is located on the Dallas North Tollway at the Gaylord Parkway exit, one-half mile north of SH 121. Just 25 minutes from DFW Airport and downtown Dallas, this multi-tenant development is near a host of sporting and entertainment venues and retail, restaurant and residential options. Hall Office Park combines upscale lifestyle amenities with artistic beauty and features more than 165 important pieces of contemporary art throughout the grounds and within building lobbies. Part of The Hall International Collection is the Texas Sculpture Garden, recognized as the largest private collection of its kind ever assembled and made available to the public. For more information, visit www.hallofficepark.com and www.texassculpturegarden.org.
About Hall Financial Group
Founded in 1968, Hall Financial Group is owned by Craig Hall and family. Diversified holdings include active operations in commercial real estate development, ownership and management; software application development, principally for the insurance industry; structured finance lending for real estate and other areas; vineyards and wineries; and oil and gas. In addition, the company maintains a portfolio of more than $1 billion of stocks, bonds and venture capital investments in a broad range of industries, currently including a significant ownership position in American Airlines (AMR). For more information, visit www.hallfinancial.com.
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