Coldwell Banker Commercial First Equity recently finalized a lease transaction for nearly 52,000 square feet of office space in downtown Amarillo. The lease, valued at over $5,000,000, was signed for Class A office space at 701 S. Taylor Suites, a prime location easily accessible from I-40 and I-27. Rachel Shreffler of Coldwell Banker Commercial First Equity represented the lessor, 1908 Properties, LLC, while the tenant, undisclosed at this time, intends to use the space for approximately 330 employees across multiple suites.
“We’re excited to see how the addition of over 300 people will invigorate this area and the local economy,” said Shreffler. “This long-term lease has added substantial value to the building and we anticipate positive growth and development in the surrounding area.”
In other news, Education Credit Union (ECU) has welcomed two new professionals to its Senior Management Team. Michelle Wilson joins as the Senior Vice President of Human Resources, bringing 28 years of experience in the public school system and higher education. Ty Cox has been appointed as the Chief Financial Officer, with over 24 years of experience in banking. Both individuals bring a wealth of knowledge and expertise to their respective roles, enhancing ECU’s leadership team.
Governor Greg Abbott has appointed Sonja Clark, the site leader of Bell Textron’s Military and Commercial Aircraft Assembly and Delivery Center in Amarillo, to the Aerospace and Aviation Advisory Committee. Clark’s extensive experience in leadership roles within the aerospace sector and her involvement in various community organizations make her a valuable addition to the committee, which aims to support Texas’ economic development efforts in the aerospace and aviation industries.
The Amarillo Association of Realtors is reminding its members and consumers of upcoming practice changes following the National Association of Realtors’ Settlement Agreement. Effective August 17, 2024, offers of compensation will be prohibited on Multiple Listing Services (MLSs), and agents working with buyers must enter into a written buyer agreement before touring a home. These changes aim to enhance transparency and consumer choice in real estate transactions, ensuring a fair and competitive market for all parties involved.
Lastly, West Texas A&M University will host a Back-to-School Job Fair on August 29, providing companies with an opportunity to recruit student employees for part-time positions on and off-campus. The event aims to connect students with potential employers early in their college careers, fostering stronger community connections and networking opportunities. Area recruiters interested in participating must register by August 15 to secure a spot at the fair, which will coincide with the start of the 2024-2025 school year at WT.
Overall, these recent developments in the business and education sectors in Amarillo highlight the city’s growth and commitment to fostering economic opportunities and professional development for its residents.
