Wolverine Interests, Llc
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WOLVERINE INTERESTS, LLC Wolverine Interests is a Dallas, Texas based Commercial Real Estate Investment Firm led by industry veterans with a deep understanding of complex financing, master development and management expertise. Wolverine specializes in: • Mixed-Use Developments • Office Developments • Multi-Family Developments • Single Tenant Properties • Office Acquisition/Disposition • Complex Financing • Tenant Representation MIXED-USE DEVELOPMENTS Wolverine Interests specializes in office, multi-family, and master planned mixed-use developments. Over the past 40 years, our partners have developed over 8,000 multi-family units, 8 large office buildings, and master planned 3 comprehensive mixed-use projects in the DFW metroplex. Wolverine assembles the capital stack for the project in accordance to the investment strategy of the investors. From there, we facilitate the entire development process from architectural plans, to land purchase, through construction management and lease-up, to asset management. Wolverine’s success stems from our vision to create communities that provide optimal live/work/play experiences for the end user. FRISCO SQUARE - 60 ACRES Frisco Square is similar to a European village; a pedestrian-friendly urban environment in Frisco, Texas. Designed by David M. Schwartz; whose work includes the American Airlines Center in Dallas, the Ballpark in Arlington, and the Bass Performance Hall in Fort Worth; along with O’Brein, Boka & Powell whose notable work includes The Star in Frisco. The development encompasses office, retail, multi-family and municipal product located on over 60 acres in one of fastest growing cities in the United States. Located right off the Dallas North Tollway and across the street south of Toyota Stadium; home of FC Dallas soccer club. Frisco Square is comprised of over 300,000 sf office, 200,000 sf retail/restaurant, 1000 multi-family units, Frisco City Hall, Cinemark theater, Forest Park Hospital, and Grace Church. ADDISON CIRCLE - 40 ACRES Principals of Wolverine were the master-planner, developer and operating partner of Addison Circle located in Addison, TX along the Dallas North Tollway. They were the visionary and developer of over 1,300 multi-family units with 300,000 sf of class A office and 50,000 sf first floor retail/restaurant space. The project was completed in phases in 1993 – 2001 and sold a couple years later after it was fully leased. They negotiated a favorable incentive package with the city of Addison which jumpstarted the project and created additional value for their stake holders. MUTI-FAMILY DEVELOPMENTS Over the past 30 years, Wolverine has developed over 8,000 multi-family units. Our team was on the leading edge of the "wrap concept" and we are known for developing best in class properties. We handle every aspect of a project from conception, to land acquisition, to design, to finance, to development and ultimately lease-up. UPTOWN DALLAS - 2,000 APARTMENTS The principals of Wolverine Interests developed many of the first multi-family complexes in the Dallas Uptown submarket through the 1980’s – 90’s. Their gamble to be the first movers in uptown paid off huge as tons of restaurants, retail, office and other multi-family quickly followed their lead to build out uptown to what it has become today. They were the local originator of the multi-family “wrap” product which wraps the complex around the parking garage, thereby maximizing efficiency of the building. All of their multi-family complexes in uptown were sold soon after they leased up. DOWNTOWN PLANO - 750 APARTMENTS Jim Leslie and partners helped kick started downtown Plano with the development of three multi-family complexes comprising close to 750 units. His team worked with City officials to provide the urban lifestyle and boost needed to further activate the old historic downtown area. The project included the land acquisition, overall design and development, all financing and ultimately the sale of the properties once fully occupied. SHOPS AT LEGACY - 1,500 APARTMENTS Principals of Wolverine Interests developed the initial multi-family complexes in what is now known as the Shops at Legacy, Plano, TX. They were the early visionary of what the Shops could become and realized the first component necessary was to get people living there before the shops and restaurants could be successful. Their multi-family development was the spark needed for Shops at Legacy to evolve into the beautiful live, work, play atmosphere it has become today. They made the site selection, financed, developed, leased up and later sold the first Legacy multi-family complexes in 1995 – 2003. INVESTMENT & AQUISITIONS Wolverine represents buyers of all asset types throughout the DFW metroplex. Our principals’ experience through the highs and lows of DFW’s real estate cycles over the last 35+ years earns us credible perspective of when, where, and how to invest in Dallas commercial real estate. We understand each of our client’s specific investment criteria and tailor an investment plan considering our knowledge of the market today as well as taking in to account our thesis of how the market will move in the future. Wolverine is active in the market daily to locate the best deals available and narrow in on optimal terms achievable for our clients. We pride ourselves on being creative outside the box thinkers regarding financial structure of our investments, and we are always open to investing our own equity alongside our clients. PARKWAY CENTER I, II & III Three separate office acquisition: 87,500 sf, 156,000 sf & 157,000 sf of Class A Office buildings totaling over 400,000 sf, located in Plano, TX. Acquired by Wolverine Interests in joint venture with investment group in 2018 & 2019. These properties are currently managed by Wolverine Interests and enjoy high occupancy. POINTS AT WATERVIEW 203,000 sf of Class A Office located in Richardson, TX acquired by Wolverine in 2018. This property is managed by Wolverine Interests. BRIARGROVE PLAZA 128,620 sf Class A Office located in Dallas, TX acquired by Wolverine in 2017. This property is managed by Wolverine Interests and has been 100% occupied since acquisition. PROPERTY MANAGEMENT Wolverine provides class A office property management throughout the DFW metroplex. Our team handles everything on-site including building maintenance, accounting, capital projects, annual budgeting, and tenant relations. We go to great length to keep tenants in our buildings happy and comfortable as if they were guests at a high-end hotel. When tenants’ leases are coming up, our goal is for our management services to stand out as a major influence in their consideration to renew their lease. Low tenant turnover is just one of the aspects of our management’s primary focus of pushing maximum value to the bottom line for our owners. Our senior property management team, led by Bill Riley, is based out of our 550,000 sf 250/290 E John Carpenter building. We use VTS software to manage our assets which provides: • Pipeline management to improve deal conversion rates, close deals faster and decrease downtime. Leverage real-time market and tenant data. Generates critical reports with a single click. • Tenant relationship management to better manage tenant relationships by tracking portfolio-wide contact leases and interaction in one place. Accelerates new leasing by leveraging in-place tenant relationships across portfolio. • Portfolio analytics that streamline portfolio reporting and revenue forecasting. Reduces portfolio risk with encumbrance tracking and alerts. • Real-time leasing updates from brokers to JV partners. Updates available in-app and via automated email alerts. SINGLE TENENT DEVELOPMENT & ACQUISITION CVS PHARMACY Wolverine Interests provided: • Specialized Financing Program for national portfolio of retail sites including over 1,000 CVS sites. • Ownership WHATABURGER Wolverine Interests provided: • Development • Construction • Ownership • Financing services provided for a portfolio of quick service restaurants across the South. BACKYARD BURGER Wolverine Interests provided: • Development • Construction • Ownership • Financing services CORITHIAN COLLEGE Wolverine Interest provided: • Built to Suit program for student housing and specialty educational and technical facilities in Missouri and Florida. • Development & Construction • Financing & Ownership JIM LESLIE - Managing Principal "Jim has been a leader and on the front edge of commercial real estate development for close to 40 years. Known as a financial wizard and creative thinker, Jim has helped shape the Dallas market for decades." Jim Leslie serves as a Managing Principal for Wolverine Interests. With nearly 40 years of experience in the real estate and financial markets, Mr. Leslie is recognized for successfully pairing creative real estate development with his intense understanding of capital markets. After completing his MBA at University of Michigan in 1979, Jim moved to Dallas and began his career at Coopers and Lybrand where he became a CPA and led an audit team. In 1982, Jim joined Roger Staubach as a founding member of The Staubach Company and served as their CFO where he designed, recapitalized, and launched the strategic plan of pioneering the tenant representation industry. Jim quickly became President of TSC and grew the company from 5 people in one Dallas office to over 1,200 employees across 50 offices worldwide. In 1991, Jim formed the Financial Services Division of TSC and initiated over $3 billion of financing for clients