Dallas commercial real estate broker Tracy Fults starting his own firm

By STEVE BROWN / The Dallas Morning News Longtime Dallas commercial real estate broker Tracy Fults is stepping out with a new independent company of his own.

September 04, 2008

Longtime Dallas commercial real estate broker Tracy Fults is stepping out with a new independent company of his own.

Mr. Fults has left his job as senior director with Cushman & Wakefield of Texas to head Fults Commercial.

The firm will handle building leasing and tenant representation as well as acquisitions and dispositions. The focus will be on the area's huge office market.

Mr. Fults - who's been considering the move for some time - thinks the timing is right. "There is a lot of change taking place and restructuring of people," he said. "I believe that it's a time to be smaller in size, thus enabling our group to focus 100 percent of our time on our clients' needs and not be concerned with where we fit into a large conglomerate."

He's looking for more professionals to help build the fledgling firm.

"I'm talking to some seasoned veterans right now and rising stars trying to find some people to come join me," Mr. Fults said Thursday.

Several years of mergers have reduced the number of major players in the North Texas real estate market and have prompted a game of musical chairs among professionals in the brokerage business.

But instead of switching to a new company, Mr. Fults decided to start his own.

The Fults name was once one of the most recognized brands in the Dallas real estate market. Mr. Fults' father - the late Jerry Fults - ran his own highly respected brokerage company between 1981 and 1999, when he sold out to a California buyer.

Tracy Fults was an executive director with the old Fults & Associates before joining Cushman & Wakefield in 2002.

While at Cushman & Wakefield, he worked on Comerica Bank's headquarters relocation lease in the Comerica Bank Tower in downtown Dallas.

Fults Commercial, LLC. | 12222 Merit Drive, Suite 150, Dallas, Texas 75251 | 972.503.5100 | fults.com