Business

DFW Airport to lease out headquarters building

Star-Telegram

Dallas/Fort Worth Airport plans to lease out its headquarters building and two other office towers as it prepares to move its staff into its new Southgate Plaza headquarters.

“We will now bring employees who are at 10 different sites into one consolidated headquarters,” CEO Sean Donohue said.

Workers are expected to begin moving into the building, at the south end of DFW, in March.

The airport board approved a 60-year lease with Dallas-based Menyon Capital Partners, which will manage the three properties and sublease space to other companies. The leases still require the approval of the Dallas and Fort Worth city councils.

DFW expects to generate more than $1 million in annual revenue from leasing the buildings and adjacent parking lots. It will also receive $1.6 million in annual revenue by retaining the leases for rooftop antennas and parking garage space, said John Terrell, DFW’s vice president of commercial development.

The business center towers have 115,440 square feet of rentable space, and the administration building has 73,155 square feet. Menyon Capital also has the option to tear down the administration building and construct a new office complex.

Separately, the board re-elected Lillie Biggins as chairwoman, Sam Coats as vice chairman and Francisco Hernandez as board secretary. Biggins, who is president of Texas Health Harris Methodist Hospital Fort Worth, has served on the board since 2005. This will be her second consecutive year as chairwoman.

The airport also said it served 5.2 million passengers in December, up 8.7 percent from the same month last year. The increase was partly due to the major ice storm that hit DFW Airport in December 2013, canceling thousands of flights over several days.

Andrea Ahles, 817-390-7631

Twitter: @Sky_Talk

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