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Charles Schwab Sublets 60,000 SF at Heritage Commons II

Bank and Brokerage Firm to Increase Presence in Northern Texas
January 18, 2018
Charles Schwab Corp. (NYSE: SCHW) has subleased 59,500 square feet at the Heritage Commons II building located at 13601 Heritage Pky. in Fort Worth, TX.

Heritage Commons II is a 114,710-square-foot, two-story office property completed in 2008 as part of the Alliance Center business park. The building boasts sustainable design features and on-site property management, and sits within five minutes of Highways 114 and 170, and roughly 20 minutes from DFW Airport.

The triple-net lease is most likely a temporary hold for San Francisco-based Charles Schwab while the bank and brokerage firm's new $100 million, 700-acre regional office campus in north Tarrant County is under construction. That project, which is being constructed within Hillwood's Circle T Ranch development, is slated to deliver early next year.

Mike Cleary and Blake Lloyd of CBRE represented the original tenant in the space, with Steve Aldrich of Hillwood Properties, while Kyle Jacobs of Rubicon Commercial and a representative from Aquila Commercial represented Charles Schwab Corp. in the transaction.
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