Compass Dallas has signed a lease for three floors at 6220 Gaston Ave., the former Faulkner Tower building. The tower is across the street from Lakewood Shopping Center in the heart of Lakewood with a pretty neat view of the Lakewood Country Club golf course.
According to the landlord, Carl Anderson, the three floors of office space will be more than enough room for 120 agents. And the Compass name will be on the Lakewood landmark.
Anderson, along with his brother, Chris, have been churning dirt in East Dallas since 2013 when they founded Larkspur Capital. Besides their Knox-Henderson properties, the dynamic duo had been eyeing 6220 Gaston Ave. for years. But the building was practically empty, a ghost save for a few month-to-month tenants and the owner’s personal offices on the seventh floor.
“We worked a quick deal in December, closed in July and just started demo work,” says Anderson.
And don’t be surprised if you drive by today and see the entire building tented.
“Asbestos abatement starts tomorrow,” Anderson told me on Saturday.
Larkspur has big plans for this building, starting with new windows: $1 million is slated for all new, energy-efficient windows, plus new electrical and HVAC.
“How often can you transform an entire area with a single building,” says Anderson. “No money had been put into this building for decades.”
He plans to add contemporary elements to the building, painting the exterior white, painting the exposed concrete beams grey, giving the windows a blue tint. The lobby will be a sea of white marble awash with LED lights.
Compass loved where we are going with the design, said Anderson, and the company was amazing to work with.
“They have an extremely sophisticated network across the country,” says Anderson. “They even have an entire team dedicated to site selection. Compass is clearly here for a long, long while.”