Nebraska Furniture Mart

Berkshire Hathaway Goes Big on Commercial Office Space for Grandscape

(BRK.A), (BRK.B)

While some question the fate of both retail and commercial office space, Berkshire is continuing to go all in on its ambitious commercial real estate development, Grandscape.

The 433 acre Grandscape, which is home to its Dallas-Fort Worth Nebraska Furniture Mart, will be teaming with Dallas-based developer Cawley Partners to add a multi-phase office development totaling more than 1.5 million square feet.

The new Class AA office development joins the sprawling Grandscape mixed-use development, anchored by Nebraska Furniture Mart and Scheels. The planned office development includes three, 500,000 square foot 17-story buildings.

Grandscape is a master-planned lifestyle center featuring more dining, retail, and entertainment venues than anywhere in the DFW metroplex.

“Our team has traveled all over the world to bring in the best mix of experiences to Grandscape, and we are very excited that corporate America will now have the opportunity to enjoy it on a daily basis,” says Jeff Lind, President of Grandscape.

“Grandscape has already raised the bar for engaging dining, entertainment, and family experiences, and corporate users are going to gravitate to this dynamic project,” says Bill Cawley, CEO of Cawley Partners.

Designed by Steven Janeway, Principal at Hoefer Wysocki, the offices are thoughtfully configured in relation to the larger mixed-use development and the post-Covid work environment. “Our team put considerable energy into designing a destination that would continue to elevate the landscape while being a timeless icon.” says Rob Welker, President and National Commercial Practice Leader at Hoefer Wysocki.

© 2020 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.