West Dallas land investor lures longtime Crescent Genuine Estate exec

A corporation that just made just one of Dallas’ most important the latest residence purchases has now recruited a substantial-profile area market chief.

The Nebraska-based serious estate investor has employed longtime Dallas home government John Zogg to serve as president of its growing southwest location.

Goldenrod Cos. acquired nearly 90 qualities encompassing the Trinity Groves progress in West Dallas. The sites are in 1 of the area’s most popular development markets.

Zogg has been with Fort Well worth-based Crescent Genuine Estate for about a few decades — most just lately as running director who oversaw redevelopment and leasing for the company’s namesake Crescent house in Uptown Dallas. Right before Crescent, he worked with the property’s developer, Rosewood Corp.

“After 35 decades I’m fired up to attempt some thing different and have a new obstacle,” Zogg claimed. “I’m heading to be seriously occupied.”

Shaped in 2005, Goldenrod has considering that acquired or developed far more than $4.3 billion in homes in various U.S. markets.

In North Texas, the firm is the developer of the planned blended-use Van Zandt challenge in Fort Worth’s cultural district. It also has obtained office environment structures in Irving and North Dallas.

The Omaha-dependent company was launched by former football star Zach Wiegert, who played for the St. Louis Rams, Jacksonville Jaguars and Houston Texans from 1995 to 2006.

The West Dallas real estate that Goldenrod obtained this month contains both vacant land and outdated industrial properties in the Singleton Boulevard corridor west of downtown.

The just-offered real estate is aspect of an pretty much 60-acre assembly designed commencing in about 2005 by traders Stuart Fitts, Phil Romano and Larry “Butch” McGregor.

Their West Dallas Investments designed the preferred Trinity Groves cafe hub located near the Margaret Hunt Hill Bridge.

The sale is a single of the premier these types of assets transactions in yrs located so close to downtown.

Zogg claimed Goldenrod strategies to develop the West Dallas sites around 10 to 15 a long time.

“It’s heading to be a big multifamily challenge,” he mentioned. “We’ll in all probability sprinkle in some workplace.

“It’s extensive-time period fantastic actual estate. You have ample land to definitely develop anything exclusive with just one of the best views in Dallas.”

Zogg joined Crescent in 1994 immediately after working for the Rosewood Property Co. and developer Hines.

He mentioned he’s leaving Crescent on fantastic conditions.

Zogg oversaw the extra than $60 million renovation of the landmark Crescent intricate, which was accomplished very last 12 months.

“The Crescent is 98% leased and we completed our renovation venture,” he stated. “There had been not a lot of difficulties remaining for me at Crescent.

“It was the fantastic time for me to consider something new.”

Nonetheless, Zogg said it is a huge change to leave Crescent just after so several many years at the organization.

“I have had an remarkable operate at Crescent,” he mentioned. “Those people today are family to me.”

Crescent Real Estate CEO John Goff claimed the organization is in personal debt to Zogg for his many years of work on the Crescent and other tasks.

“We are tremendous near and constantly will be,” Goff explained. “I am enthusiastic for him.”