Dallas-Based Investor Plans New Flexible Office Centers

Wells Fargo building to be converted to Caddo rental offices and coworking

Caddo Holdings is building new office centers in East Dallas, Flower Mound and Plano.

The Dallas Morning News
By Steve Brown | November 23, 2020

A North Texas building owner is constructing a series of flexible office projects designed for a pandemic environment.

Caddo Holdings owns multiple Dallas-area office and industrial buildings.

The investor is also building new flexible office centers it calls Caddo Office Reimagined.

A 42,000-square-foot office under construction in Lakewood in East Dallas will house 165 private offices.

“It’s not like a sea of cubicles or tables,” Caddo Holdings managing [director] Tim Slaughter said. “Most of them are one-person to two-person offices.

“We’ve always had a lot of demand in that neighborhood for small offices,” Slaughter said. “We think we will have a good response — we already have developed a waiting list.”

Caddo’s new office center will occupy two buildings at Gaston Avenue and La Vista that originally housed a bank. They were most recently occupied by Texas Neurology.

Construction is underway to remodel the buildings, which date to the 1960s.

“The first building was from the mid ’60s, and it’s definitely got that mid-century look,” Slaughter said. “We are working to preserve as much of that as possible.

“When we were doing the demolition we [found original] railings behind sheetrock walls,” he said. “And we found a lot of green terrazzo floors underneath the medical-grade vinyl.

Caddo Holdings plans to have the Lakewood office open early next year.

And the company is working on two more Caddo Office Reimagined locations in Flower Mound and Plano.

The Flower Mound office will be in a newly constructed building at 2201 Spinks Road.

“We are hoping to do about 10 offices in North Texas and seven in Houston,” Slaughter said. “Our five-year plan is to get it to about 20 locations in five years.”

Shared offices that have large open office and collaborative areas have suffered during the COVID-19 pandemic with the need for social distancing and worries about infection. Co-working center owners are pivoting to more private office settings to meet the needs of clients who need a safe working environment.

“It seems like the office demand is headed to the suburbs and a lot of start-up businesses,” Slaughter said. “We are hopeful this is a good model, and we have a lot of reason for optimism.

“I’m betting on the small businesses.”

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