Canada real estate giant opens Dallas office

One of the largest commercial real estate companies in North America with a long tradition in Dallas has opened a new office here.

Toronto-based Cadillac Fairview Corp is owned by the Ontario Teachers’ Pension Plan and manages over $ 36 billion worth of real estate in the Americas and the United Kingdom.

The Canada-based real estate giant has just acquired a 50% stake in one of North Texas’s largest development companies, KDC.

And now Cadillac Fairview is opening an office in the uptown neighborhood of Dallas.

“We can confirm that Cadillac Fairview has rented space on 2000 McKinney Avenue in Dallas,” a company representative said in an email. “As part of our growth strategy, we are building a dedicated US real estate team based in Dallas.

“Your focus will be on operating and expanding our presence in the region, as demonstrated by our existing investment in Lincoln Property Co.’s residential platform and the recent acquisition of a 50% interest in KDC.”

Four decades ago, Cadillac Fairview was very present in Dallas with its US office located here.

The company developed three high-rise office buildings in downtown Dallas and other projects in the suburbs.

Buildings in downtown Cadillac Fairview included the 60-story Comerica Bank Tower on Main Street and the 1700 Pacific Tower.

The developer sold his property in the area a long time ago.

Cadillac Fairview, however, was an investor in residential projects in the USA at Lincoln Property Co., based in Dallas

And this week, Cadillac Fairview announced a new venture with Dallas developer KDC to set up an $ 800 million fund to fund new mixed-use projects.

KDC has developed huge offices in North Texas for companies like Toyota, JPMorgan Chase, State Farm Insurance, and others.

And KDC is currently working on two mixed-use skyscrapers in the Uptown neighborhood of Dallas.

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