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Thirty-Four Commercial professionals provide up-to-date market news and proprietary information covering the Greater Dallas area.
Check back regularly to see what’s new and important to know in the local commercial real estate industry.

FEBRUARY 16, 2026

  • Nasdaq is in leases to occupy approximately 20K SF at Victory Commons One on the 7th floor. When signed, the building will be approximately 95% leased.
  • The Texas Stock Exchange is finalizing a 42K SF lease at Bank of America Tower at Parkside on one and a half floors. When signed, the building will be 56% leased.
  • Blake Waltrip is joining CBRE to head their DFW Tenant Advisory group. He was formerly with JLL.
  • Colliers is finalizing a lease to relocate from 26K SF at 17Seventeen McKinney to approximately 29K SF at International Plaza III.

FEBRUARY 9, 2026

  • Brewer Attorneys & Counselors is expected to lease a full floor at Knox & McKinney. They will be relocating out of Comerica Bank Tower, but will need to execute a short-term renewal to make the timing work.
  • Fifth Third Bank is rumored to be in leases for 90K SF at 8300 Douglas.
  • WellTower REIT executed a lease to occupy 110K SF at 8300 Douglas. The starting rate is $81/SF NNN.
  • Vinson & Elkins is expected to lease 110K SF at Lincoln’s proposed Uptown development site, 2500 Cedar Springs. Lincoln is rumored to be willing to relocate it’s office from 8111 Douglas to obtain construction financing to kick-off the development.
  • Capital Commercial is giving the Exxon Mobil campus back to the lender. The lender on the project is Beal Bank.
  • CBRE Global Investors is taking pitches from investment sales teams for Sherry Lane Place. The 301K SF building is 99% leased and is quoting $57/SF NNN.
  • Lincoln is rumored to have been awarded The Colonnade with Cross Ocean providing the equity. The 1,061,213 SF project is approximately 76% leased today.
  • The Tennyson is in leases with two different tenants to occupy the remaining 73,000 SF of vacancy. Upon execution, the 281,000 SF building will be 100% leased.
  • Pinnacle Tower has been awarded to Vanderbilt Office Properties. The 550,000 SF building is 88% leased today.
  • The Apex I at Legacy is in leases for approximately 60K SF with Project Mindstorm. Upon execution, the building will no longer have any full floor vacancies available.

FEBRUARY 2, 2026

  • Peyton Hall will be leaving Cushman & Wakefield to join Robbie Baty at HPI. 

JANUARY 26, 2026

  • Analytical Partners signed at 2100 McKinney with a $55/SF start rate. The tenant is relocating from 2401 Cedar Springs.
  • Cawley Partners is putting Harwood No.1 in front of large tenants but is positioning the asset as a short-term play. They are planning to build 4 floors of spec suites that are set to deliver by October 2026.
  • Provident Realty Advisors is updating the renovations Piedmont made at One Provident Place. Provident Realty Advisors purchased the asset from Triumph Financial for $63M ($245/SF).
  • TPG is spending $60M on renovations on Harwood 2,3,6,7, & 10. Harwood 7 is getting a full lobby renovation, adding a café, and an amenity floor on the 10th floor. Harwood 6 is getting an amenity floor on the 12th floor.
  • PNC Bank signed a lease on the 11th floor at the Tower at Hall Park. The comp is as follows: 7,798 SF, 89 Months, 5 Months Abated, $47.50 NNN Start Rate, 2.5% increases, $85.00/SF in TIA.
  • Hershey (https://www.thehersheycompany.com/) expanded onto the 16th floor at The Tower at Hall Park. The comp is as follows: 16,261 SF, 65 Months, 5 Months Abated, $47.75 NNN Start Rate, 2.5% increases, $60.00/SF in TIA.

JANUARY 19, 2026

  • JJ Leonard will join Partners’ leasing team to head their landlord representation practice. He was formerly with Stream.

JANUARY 12, 2026

  • Lincoln is expected to begin pursuing a re-cap of both 8111 Douglas and its multifamily counterpart through JLL. The 211K SF office tower is 100% leased.
  • Developmental Ventures Group is expected to bring Tower 2600 to the market sometime this month. The 229K SF building is stabilized and guiding to 9%+ cap rate.
  • Newmark will be bringing One West Village to the market in 2Q2026 on behalf of OIive Mill and TPG. The 245K SF building is 67% leased and is anchored by Wing Stop.
  • Crescent will be bringing 2401 Cedar Springs to the market in 2Q2026. The 208K SF building is 67% leased and is anchored by JLL who will likely represent Crescent on the sale.
  • Newmark is marketing Churchill Tower for sale on behalf of TXRE for $44M ($158/SF) at a 10.5% cap rate. The 277K SF building is approximately 92% leased.
  • Preston Park Towers has hit the market via Newmark. TerraCap is selling through a lender-driven short sale.
  • Lauren Halstedt has left JLL and will join Newmark’s Office Leasing team.
  • Cousins Properties is partnering with TCC for the 2401 McKinney development where Morgan Stanley is reportedly focused for a 500k lease.
  • Benchmark Mortgage leased 24K SF at Legacy Town Center II. The comp is as follows: 24,000 SF, 144 months, 11 months free, $30/SF NNN start, approximately $40/SF in TI + furniture. Lease commences 1/1/27 with potential top-of-building signage.
  • Vertical Partners is closing on its first asset – Coit Central Tower – on February 2nd for approximately $57/RSF. The 246,995 SF building, currently owned by ATCAP Partners, is approximately 54% leased.
  • Williams Square has been awarded to Vanderbilt Office Properties.
  • Highwoods closed on The Terraces at Douglas Center for $110M ($606/SF). The 181,274 SF building is 98.2% leased today.

JANUARY 5, 2026

  • Arctos Partners, who currently offices in 17K SF in Weir’s Plaza, is finalizing a lease for approximately 60K SF on the top two floors of Trammell Crow’s Knox/McKinney development. Jones Day is also considering either renewing at Harwood No. 3 or leasing approximately 70K SF on three floors at the Knox/McKinney project. The start rate is rumored to be $90/SF.

DECEMBER 22, 2025

  • Robbie Baty is joining HPI to lead their Dallas Tenant Advisory team. He was formerly a Vice Chairman at Cushman & Wakefield.

DECEMBER 15, 2025

  • Balfour Beatty signed a 10yr lease for 30K SF at One Victory Park. The comp is as follows: $39.00/SF NNN, 132 months, 12 months abated, $140/SF TIA, 2.5% annual increases.
  • Hunton Andrews Kurth LLP is in the market for 50K SF. Their existing 150K SF lease at Fountain Place expires on 6/30/28. They’ve shortlisted 2828 N Harwood, Trammell Crow Center, 2000 McKinney, and Dallas Arts Tower. A renewal is still in play as well.
  • Cawley Partners is under contract to purchase Harwood No.1 from First United Bank for $32M ($303/SF).

DECEMBER 8, 2025

  • Northwood Investors sold 8070 and 8080 Park Lane to DFW land Holdings for $23M ($101/SF). The buildings are 73% and 62% leased respectively.
  • Planet Lending took the entire 75K SF Javelin Energy sublease on floors 4-6 at Interlink in Las Colinas.
  • CBRE is representing the City of Dallas for their 600K SF office requirement with immediate timing; they are considering a relocation out of City Hall. They are evaluating existing options and are contemplating breaking up the requirement into two buildings.
  • Morgan Stanley is in leases at Fountain Place for 350K SF for a five-year term at $40/SF NNN for their temporary office requirement. They are focused on the former Tenet Healthcare space. They will continue to evaluate new construction opportunities for their long-term 800K SF requirement.

DECEMBER 1, 2025

  • AT&T to potentially give back space and Dallas City Hall would backfill it — AT&T has term thru 2033
  • Palo Alto Networks is back to the drawing board for their 200K SF requirement after deciding against purchasing 5000 Headquarters. 
  • A 250 – 300K SF requirement rumored to be Charter Communications is kicking off soon. They are currently in 750 Canyon and will be consolidating several offices across DFW.  
  • WellTower REIT in leases for 100K at $79 NNN at 8300 Douglas and HBK is in leases for 75K SF at $78/SF.  
  • Fifth Third Bank (formerly Comerica) toured TCC and DAT on (12/1) with their new CEO Kurt Farmer.
  • One Source in market for 50-75K SF – being run by Conor McCarthy. They are currently in 9001 Cypress Waters.
  • Martin Marietta in leases at Williams Square for 20K SF.
  • Marsh Insurance, in the market for 35K SF, is down to TCC and OVP. 
  • Humana signed a 28K SF expansion at the Tower at Hall Park.

NOVEMBER 17, 2025

  • Bosch/Johnson Controls signed a 5yr full-floor deal at the Quadrangle. They are quoting low $40s NNN at the building today.
  • TRT Holdings is under contract to purchase St Paul Place for approximately $25M. The building was most recently purchased in 2023 by Jonas Woods for $62M. The building is currently 70.7% leased.

NOVEMBER 10, 2025

  • Weil Gotshal renewed their approximately 52,000 SF lease at The Crescent for 10 years. The starting rate was $55 NNN/RSF with $90/RSF in TIA.
  • Stream retained the Fifth Third Bank office requirement following its acquisition of Comerica Bank. The search is no longer for a regional HQ, but the bank is looking to establish a major Dallas presence with 130 to 150K SF, considering options in the Arts District and new construction.
  • Raymond James is reportedly in the market for a 250,000 SF regional HQ under a code name. C&W is representing the tenant.

NOVEMBER 3, 2025

  • Balfour Beatty is in leases to occupy approximately 40K SF at One Victory Park. They’re relocating from 3100 McKinnon due to the planned redevelopment of the building. Upon execution, the deal will bring One Victory to 70% leased and leave a block of 100K SF in the lower stack. The current quoted rate at the building is $45.00/SF NNN.
  • Bank of America is under contract to sell Lake Vista Three and Four to Trammell Crow to be converted to industrial. Bank of America foreclosed on the previous owner, the Aztec Fund.
  • Rocket Mortgage is focusing on taking 30K SF in Cypress Waters. They will be downsizing from 100K SF in Lake Vista One.
  • Trammell Crow Company’s Knox & McKinney project is moving forward on a speculative basis and is expected to begin construction early next year. TCC plans to finalize its loan before the end of the year. The project’s general contractor, DPR, is currently in the market for a construction office.
  • Hospitality Solutions signed a 40,000 SF lease at Granite Park 6, taking the entire 14th floor and half of the 15th floor.

OCTOBER 27, 2025

  • PGIM sold the note for Harwood No. 3 to TPG for $65M ($310/SF). PGIM had a remaining loan balance of $70M.
  • Walnut Glen Tower is under contract to Real Capital Solutions for $32.5M ($70/SF). The 465,000 SF building is currently 78% leased, however it’s largest tenant Marsh McLennan Agency, will be relocating to the Galleria Office Towers in 2026.
  • Macki McKim will re-join JLL’s Office Investment Sales platform after stepping away from the team and pursuing opportunities on the principal side of the business.

OCTOBER 21, 2025

  • Milam Real Estate Capital terminated its contract to acquire Tollway Plaza North & South. They had the two-building, 378,617 SF complex under contract for $90.5M ($239/SF).

OCTOBER 13, 2025

  • Texas Stock Exchange toured the market on Monday (10/13). Their office requirement will be approximately 30 – 40K SF. 
  • Oaktree Capital is bringing the Centrum to the market through JLL. Pricing guidance is approximately $100M ($250/SF). The 400K SF building is 80% leased.
  • Partners is taking pitches to sell Legacy Place East and West. The 312K SF building complex is 79% leased on average.
  • New York Life is bringing Pinnacle Tower to the market through Eastdil. Pricing guidance is approximately $170M ($300/SF). The 550K SF building is 91% leased.

OCTOBER 6, 2025

  • Presidium is relocating from 3100 McKinnon and is finalizing a lease at 2828 N Harwood. The comp is as follows: 8,000 SF, 130 months, 10 months abated, $51/SF NNN, 3% annual increases, $90/SF TIA.

SEPTEMBER 29, 2025

  • Crow Holdings is finalizing the acquisition of the condos adjacent to Old Parkland East, with plans to build an additional campus totaling approximately 300,000 square feet of office space. There are also rumors that the expansion could feature a social club component.
  • The comp for FTI Consulting is as follows: 132 Months, 12 abated, $43.50 NNN, 2.75% increases with $80/SF in TIA 
  • Franklin Street Properties is liquidating all of its assets and will no longer exist as of February 2026.  

SEPTEMBER 22, 2025

  • Comerica Bank sent RFPs to One Victory Park, Harwood 3, 2828 Harwood, Trammell Crow Center, Dallas Arts Tower, Fountain Place, 23Springs and proposed new developments for 150K SF. Comerica is located at Comerica Bank Tower with a November 2028 expiration.
  • Stream Realty Partners has renewed their two floor, 45K SF lease at Trammell Crow Center, with the new term running through 2037.
  • Yardi is rumored to be signing a 10-year lease on the remaining 71,000 SF of the Liberty Mutual sublease. The deal has a starting rate of $39/SF NNN with $70/SF TIA.
  • Bank OZK is rumored to be providing speculative financing for Stonelake Capital Partners’ 180,000 SF office development at 2626 McKinney.
  • Critical Project Services has signed a 10-year lease for the 15th and 16th floors at Granite Park 6 with a $44/SF NNN start rate $100/SF TIA and top-of-building signage.

SEPTEMBER 15, 2025

  • JP Morgan has agreed to terms to take the top floor at The Tower at Hall Park. The deal has a starting rate of $50.50/SF NNN.
  • FTI Consulting is renewing their 15,373 SF lease on the 6th floor of Trammell Crow Center.
  • Welltower REIT has signed an LOI to occupy approximately 60K SF of Ramrock’s new development at 8300 Douglas in Preston Center. The starting rate is reportedly $80/SF NNN.
  • Newmark is expected to bring Williams Square to market next week, with pricing guidance set between $230M and $250M depending on recent leasing activity. The four-building complex is currently 73.3% leased. The building’s largest tenant is Caterpillar at 190K SF.
  • City Office REIT is bringing The Terraces at Douglas Center to the market for sale. The 180K SF building is 98% leased and notable tenants include Eagle Materials, Berkadia, and Compass.

SEPTEMBER 8, 2025

  • UBS has signed a 10-yr lease at 23 Springs for the entire 21st floor. The comp is as follows: 28,000 SF, 128 months, 8 months abated, $69/SF NNN, 2.75% annual increases, $105/SF TIA.
  • JP Morgan signed for the top floor at The Tower at Hall – starting rate is $50.50/SF 
  • FTI Consulting is renewing at Trammell Crow Center – the tenant currently occupies 15K SF on the 6th floor. 
  • Project Octopus, a 350K SF requirement focused on options in Legacy and Las Colinas, is rumored to be Caterpillar.
  • JLL’s Tenant Representation team was hired to represent Frost Bank. Their existing lease in Harwood No. 7 expires in 2030. 
  • Public Storage is under contract to purchase 2811 Internet Blvd and plans to occupy the 122,500 SF building.
  • BH Properties is under contract to purchase 8020 Park Lane, with closing scheduled for late October.
  • The comp for KDC’s 10-year lease at The Berkshire is as follows: 11,882 SF, 125 months, 5 months abated, $47.50/SF NNN, $100/SF TIA, 2.75% annual increases. The lease does not commence until October 2027.

SEPTEMBER 1, 2025

  • Lincoln’s new development in Preston Center, 8300 Douglas, is rumored to have two LOIs signed at $81/SF NNN. Lincoln previously communicated plans to go on a speculative basis this Fall.
  • HBK Capital Management appears to be zeroing in on Lincoln’s 8300 Douglas project as its primary focus.
  • Toyota is actively engaged in discussions with Crow Holdings regarding Phase II of their SouthStone Yards project in Frisco.
  • Palo Alto Networks is strongly considering a move to 5000 Headquarters. The building is currently 0% leased.
  • Public Storage is under contract to acquire a building in Hall Park, most likely located on Internet Boulevard.
  • Jones Day is set to take pitches on September 21st as it evaluates new tenant representation groups.
  • Prudential is dividing its real estate needs into two separate requirements – approximately 15,000 square feet in Uptown and 25,000 square feet in the CBD.
  • KDC has finalized a 10-year lease agreement at The Berkshire and will replace Stockdale Investment Group on the 8th floor. 
  • National Life Group is finalizing a deal to assume Reata Pharmaceuticals’ full building lease at 6100 Legacy Dr. The 328,887 SF building was a build-to-suit and is fully leased to Reata but has never been occupied by the tenant.
  • Morgan Stanley has issued RFPs to 12 options for its Dallas office requirement. They are going to separate the requirement between into Urban and Suburban hubs – approximately 150K SF in Uptown and 300K+ SF in Plano/Frisco.
  • The NYSE comp at Old Parkland East is as follows: 16,681 SF, $81/SF NNN, 124 months, 4 months abated, 3% annual increases, $105/SF TIA.
  • Tollway Plaza North & South are under contract to Milam Real Estate Capital for $90.5M ($239/SF), with closing slated for November. The two-building, 378,617 SF complex is currently 89.1% leased.

AUGUST 25, 2025

  • Humana is finalizing a full floor lease to occupy 28,674 SF at the Tower at Hall Park, bringing the building to approximately 33% leased. 
  • Colliers, in the market for 40,000 SF of space for their Dallas office, is rumored to be focused on Dallas Arts Tower. Their relocation could also provide the opportunity to lease the building.
  • The lower 14 floors of One Dallas Center are scheduled for foreclosure auction on September 2nd. The office portion of the tower is currently 65.2% leased. The upper 16 floors, which were converted to multifamily, remain under separate ownership by Invesco. 

AUGUST 18, 2025

  • Crescent Real Estate is under contract to purchase both 2100 McKinney and 2000 McKinney. Pricing guidance for the buildings are $192.5M ($550/SF) and $293M ($650/SF), respectively. 

AUGUST 11, 2025

  • Fobare Commercial is under contract on Walnut Glen Tower. The 464,289 SF building is quoting $23/SF NNN and is 78.4% leased. 

AUGUST 4, 2025

  • Quadrant Investment Properties recapitalized Thirteen Thirty-Three, replacing Federal Capital Partners with the family office of Ken Hersch as the primary equity source. The family office provided approximately $45M ($346/SF) and will relocate its office from Old Parkland to the building. Quadrant will continue to be the primary operator. The 130K SF building is approximately 19% leased.

JULY 28, 2025

  • Highmark Residential is in leases for the 10th floor at Spectrum Center and will relocate from The Crossings I on LBJ. The comp is as follows: 25,331 SF, 130 months, 10 months abated, $34.00/SF NNN, 2.50% annual increases, $100/SF TIA.
  • St Paul Place is being sold by the lender. Pricing guidance has been set at approximately $95/SF. The building is currently 70.7% leased.

JULY 21, 2025

  • Park Center (2400 Dallas Pkwy) sold to Shaddock Homes. Colliers International represented the seller, Innovatus Capital Partners. 
  • The Richards Group is marketing the entirety of its 100K SF space on the sublease market at The Stack.
  • Revantage’s ROFR on the 4th floor at The Quad was triggered and they took it. 
  • Perkins Coie signed a 10-Yr lease at the Quad for 19K SF on the 7th floor. The comp is as follows: 128 Months, 8 Abated, $61 NNN, 2.75% annual increases, $100 TIA. 
  • TPG has been awarded the Harwood portfolio. Original guidance was approximately $600M. Portfolio includes Harwood No.1, No. 2, No. 3, No. 6, No.7, No. 10, and the proposed Harwood No. 15. Does not include Harwood 14, the Swexan Hotel or other developable land sites. 

JULY 14, 2025

  • Balfour Beatty hired Harlan Davis at CBRE
  • Johnson Controls is in leases for 35K SF on the 5th floor at River Edge – Johnson Controls is represented by Robert Blount and Hudson Woods at CBRE.
  • Brewer Attorneys & Counselors is looking for 20-25K SF – they’re coming out of Comerica Bank Tower and are looking at 2828 N Harwood.
  • Texas Stock Exchange is focused on Victory Commons One for their 25K SF requirement.
  • Nasdaq is focused on the The Quad & 23 Springs for their 25K SF requirement.
  • Park Hill Engineering signed a lease for 26K SF at The Offices Three – The comp is as follows: 26,254 SF, 90 months, 6 months abated, $35.50/SF NNN, 2.5% annual increases, $100/SF TIA.
  • Parkside Uptown has a proposal for the top 2 floors at $85/SF NNN.
  • Yardi is in the market for 40K SF in Legacy – they narrowed their short list to the Liberty Mutual sublease, GP6, and Spectrum Center – they hired Randy Cooper and Wills Bauer at Stream.
  • Benchmark Mortgage signed a lease at Legacy Town Center.
  • Highmark Residential is in leases at Spectrum Center.
  • Fujitsu signed a lease at Galatyn Commons.
  • Palo Alto Networks has narrowed the options for their 200,000 SF requirement down to 5600 HQ and 5000 HQ.

JULY 7, 2025

  • The Link at Uptown is under contract to Cousins Properties for $740/SF, which will be a record office building sale in Uptown. 
  • Pegasus Bank signed a 50-Yr ground lease on the Allie Beth Allman site at 5015 Tracy St, just north of Javier’s. Pegasus will construct a new building on the site and relocate its existing retail branch from Knox Street to this location.

JUNE 30, 2025

  • Texas Capital Center, formerly known as 2000 McKinney, has been awarded to Crescent Real Estate for $293M (650/SF).
  • Unity Partners signed a lease on the top floor of Thirteen Thirty-Three. The comp is as follows: 11,698 SF, 128 months, 8 months abated, $61/SF NN, 3% annual increases, $110/SF TIA. 

JUNE 23, 2025

  • AT&T is actively in the market for 800K-1M SF. RFPs were sent to developers in Frisco and Legacy, including the former PepsiCo HQ at 5600 Headquarters.
  • Prudential is in the market for 30-40K SF as they look to consolidate their offices currently located at Dallas Arts Tower and 2100 Ross. Toured options in the CBD and Uptown. Timing is 1Q2027.

JUNE 16, 2025

  • Camco is firm on Quorum Place..$13.5M ($75/SF).
  • Interchange Office Center sold in a 1031 exchange from lender to a private land investor for $13M ($85/SF).
  • 3400 Carlisle sold to Alamo Manhattan for $17M ($222/SF). Site is expected to be used for multifamily development after 2026.
  • Capital Commercial firm on Rambler… $52M ($145/SF)
  • Shorenstein is firm on Sterling Plaza… $127M ($405/SF)…closes on 7/11.
  • Bank of America is selling Urban Towers.  Pricing guidance has been set at $50M ($60/SF).
  • 8070 & 8080 Park Lane are on the market and pricing guidance has been set at $115/SF. 8020 Park Lane with Sunoco is $215/SF…promoting it to Energy Transfer to purchase.
  •  

JUNE 9, 2025

  • PennyMac going to Amerisource – taking the entire space for 16 years, Amerisource will stay in place for ~ 1 year.
  • Palo Alto Networks is close at 5600 Headquarters.
  • Pat Madsen and Conor McCarthy have FedEx looking for 250K SFl in Legacy. Toured on (6/10).
  • Rachel Gorney/Kelly Kackley have a 350-700K SF requirement in the market – the user is Toyota.
  • AT&T is considering leasing the Park at Legacy (old JC Penney campus).
  • JP Morgan is looking for 23K SF at Ryan Tower or Tower at Hall Park.
  • Loan Depot signed a 5-Yr renewal at Plaza at Legacy.
  • Undisclosed 20K SF tenant signed at Cigna building.
  • Philadelphia Tokio Marine going to Granite Park One for 17K SF.
  • Quilling Selander going to LTC for 6K SF (hub and spoke model).
  • Deloitte signed at Tower at Hall Park for a full floor (hard option to expand on 10, taking 9).
  • Standard Insurance signed on the 11th floor of Tower at Hall Park for 21K SF.
  • Tower at Hall in leases with Brightline Insurance going on the 6th floor.
  • Humana, signed for 2 spec suites for 2-years, will contemplate expansion to full floor (signed at $50 NNN) in proposals for another spec suite at $48 NNN at Tower at Hall Park.
  • Breaking ground on 120K SF new building at Hall Park > 6 floors, 2 will remain in shell and other 4 will be all spec suites > wants to build super high-end specs and price it at $60 NNN > Beck is doing core + shell construction > 18-month build (address is 2801 Network – the garage).
  • 3011 – Craig & Frisco EDC wants to do an “innovation center” that will be an incubator.
  • Yardi toured Legacy last week (30-40K SF) – Liberty Mutual in pole position.
  • Alan Wood left JLL and went to Site Selection Group.
  • Scotia Bank is supposedly shopping incentives.
  • Ryan Tower building a floor of spec suites on the 19th floor (6 total) going to spend $85/SF – will quote $48 NNN on specs, $46 NNN on shell space.
  • Hershey signed a 25 months, 1 free, $49NNN start rate, 2.75% bumps, 3,600 SF
  • Public Storage (100K SF) looking to purchase – Bret & Torrey running point.
  • Nick Lee – 200K SF in Legacy/Frisco needs a super floor.
  • Baron Aldrine – 350K – 500K SF in Legacy/Frisco.
  • Trelix in the market for 30K SF with Scott Hobbs.
  • Johnson Controls – 30K SF with Hudson Woods looking in Uptown.
  • Firefly Park will deliver 135K SF of office and 130K SF of retail in Q2 2027 – quoting mid $40s NNN.
  • Moss Construction signed at FarmWorks One, 25K SF, $32.50 NNN, turnkey TIA, 2.75% increases, 128 Months, 8 abated.
  • Project Octopus is rumored to be Ericsson.
  • Westwood renewing at The Crescent.

JUNE 2, 2025

  • Wade College relocated from InfoMart to the Gild. The comp is as follows: 13,037 SF, 92 months (8 months base free), $24.00/SF start, $60/SF TI.
  • Weil, Gotshal, & Manges LLP hired Stream. They are currently in 23,210 SF at The Crescent. 
  • Millennium Tower’s note matures in 18 months. 
  • The Addison is with the lender or special servicer.
  • B of A is the lender for Walnut Glen Tower – expires in 12 months. 
  • Highmark Residential is down to Signature Exchange and Spectrum Center.
  • Morgan Lewis going to focus on Uptown options – signed an 18-month extension at Comerica.
  • The Retail Connection – 20K SF – contemplating options in Knox or relocation to top floor at 2525 McKinnon.
  • Nasdaq being run by Kyle Jett – 20K SF – looking in Uptown 
  • Westwood Holdings – 20K SF – focused on renewal or buildings cheaper than The Crescent.

MAY 27, 2025

  • Akin Gump is renewing their full floor lease on the 18th floor at The Union.
  • The Cypress Club at Fountain Place opened this week. Goddard Investment Group spent over $10M on the club. Tenants are given 1 membership per 4,000 RSF at a cost of $3,000 annually. 
  • Harwood International is seeking to find a new capital partner by September 1st.

MAY 19, 2025

  • Harwood No. 1 and No. 10 have loan maturities before the end of the year. Harwood has engaged Newmark to identify a minority equity partner for Harwood to recapitalize all remaining assets in the Harwood District. Blackstone toured the portfolio last week – they are likely pursuing the opportunity to become a majority stakeholder. 
  • 2100 McKinney is being marketed for sale and pricing guidance is approximately $192.5M or ($550/SF) on a 8.5% cap rate.. Eastdil Secured was retained as the exclusive sale broker despite the CBRE occupying the most space in the building. The building is currently 91.6% leased. 
  • Tollway Plaza is being marketed for sale and pricing guidance is $90M or ($240/SF) on a 9% cap rate. Newmark has been retained as the sales broker. The building was previously marketed for sale in 2023 at approximately $60M.

MAY 12, 2025

  • Welltower REIT fell out leases at The Tennyson in Legacy. They will shift their focus to options on the Lower Tollway. Their requirement is approximately 25 to 30K SF. 
  • CIM Group sold the Offices at Turtle Creek Village to De La Vega Development off-market. 
  • Sterling Plaza has officially been awarded to Shorenstein at $126.5M. Their LP equity partner is Dallas-based Paceline Equity Partners. 
  • Arden Group is in the market for rescue equity to maintain its position as the sponsor for the Colonnade. If unable to secure additional capital to buy down existing loan, it will go into receivership with Trigild and be managed by Mount Street, the special servicer.

MAY 5, 2025

  • KKR has assumed ownership of 3660 Regent. They will likely pursue a short sale. The loan balance on the asset is approximately $20M.  
  • Sherry Lane Place has a loan maturity in July 2025. CBRE Global Investors has contemplated selling the asset but will likely execute a short-term extension with KKR. 
  • The Offices at Park Lane are coming to the market for sale through JLL. The buildings are currently 87.3% leased. The retail will be marketed prior to the office. 
  • Texas Capital Center, formerly known as 2000 McKinney, is being marketed for sale and pricing guidance is $325M or ($711/SF). The building is currently 77% leased with the namesake tenant occupying almost 50% of the project. JLL is the sale broker.
  •  Jeffries, who currently occupies 10K SF at The Crescent, is in the market for 50-70K SF. Target timing is 4Q2027 or 1Q2028. This expansion comes as other financial services companies have committed to significant job growth in the Dallas market. 
  • Stream Realty was hired to represent Weil Gotschal, HBK, Vinson & Elkins and Whitley Penn in their upcoming office requirements. 
  • Wasserman is in the market for approximately 20K SFwith 4Q2025 timing. This is a new to Dallas requirement. Short-list is down to Victory Commons, One Victory and One West Village.

APRIL 28, 2025

  • HPI is in the driver’s seat to be awarded the contract for Sterling Plaza. Their partner is rumored to be Lone Star Funds. 
  • Walnut Glen Tower is coming to the market for sale through JLL. The building is currently 77% leased; however, occupancy will drop to 55% once Marsh McLennan vacates.
  • Hilti renewed its lease for 83,433 SF on floors 9, 10 & 11 at Legacy Tower.
  •  The Midea lease comp at GP6 is as follows: 26,545 SF, $40 NNN, 90 months, 6 months abated, $80/SF TIA, 2.50% annual increases.
  • Lincoln is quoting $85 NNN for pre-leasing at 8300 Douglas. They are communicating they will begin demolition in the fall.
  • Prudential/PGIM Real Estate is in the market for 40,000 SF. They currently occupy space in Dallas Arts Tower and at 2100 Ross with lease expirations in Q1 2027.
  •  KBC Advisors is reportedly under contract to purchase 3100 McKinnon from Harwood. The building is currently 53% leased.
  •  Stonelake Capital Partners is communicating they are going to go speculatively on their proposed office project at 2626 McKinney and are having construction documents re-priced by Austin Industries.
  • Benchmark Mortgage is in the market for approximately 50,000 SF in Legacy. Their short-list is down to Legacy Town Center and the Liberty Mutual sublease. They will vacate 40K SF of space at Legacy Tennyson Center 2.

APRIL 21, 2025

  • Sirius XM is evaluating moving into 40K SF at 350 Highland in Lewisville. The tenant currently occupies 58,000 SF at Freeport Business Center III. 
  • Stream has been engaged to represent Match.com on its future office requirement. They currently occupy approximately 70,000 SF the Tower at Park Lane with a 2028 lease expiration. They will survey urban markets and likely right-size to approximately 50,000 SF. 
  • Capital Commercial Investments has been awarded Rambler Park. 
  • Best and final offers were due for Sterling Plaza on (4/22). Down to Lincoln, HPI, TA/HLC and Crescent.

APRIL 14, 2025

  • Kaizen Development Partners is pursuing an office lease with JLL for 100K SF at Chalk Hill. The move would require the firm to relocate from its existing office at 2401 Cedar Springs. JLL is justifying the rent increase by providing the following project services; sourcing debt/equity financing, leasing and management services, and representing an eventual disposition. The Edition flag is secured for the hotel and condo portion of the project. 

APRIL 7, 2025

  • Chalk Hill has an undisclosed 25K SF committed
  • Perkins Coie signed for 20K 7th floor at the Quad
  • Hilti in holding pattern at Legacy Tower – holding off until more clarity on tariffs
  • Palo Alto Networks – wants to be the only tenant in the building, looking to own (considering 5100 Legacy, old Crossmark bldg)
  • Paychex – in leases for 100K SF at 8900 Freeport
  • Intuit signed a short-term renewal at their regional HQ at 5601 Headquarters drive to buy themselves more time to identify a longer-term office solution.
  • Sage Harbor Marinas signed a 35K SF lease at Signature Exchange.

APRIL 1, 2025

  • The tenant in tow with WS Development for Galleria North is Amazon. 
  • Spear Street closed on the note purchase and foreclosure on Harwood No. 4 and has taken over as the sponsor.

MARCH 24, 2025

  • John Brownlee is leaving JLL office leasing and relocating to Phoenix to work for RED Development. 
  • Lincoln Property Co. is taking over leasing and management for Ryan Tower in Legacy. LPC is replacing Ryan Companies (the developer) in the capital stack. 
  • Endeavor Real Estate is under contract to purchase Preston Sherry Plaza. The building is 165,409 RSF and is currently 93% leased. Four Rivers Capital is in the Stack with Endeavor on Preston Sherry Plaza ($489/SF).
  • Mike Dement left Alt + Co. to join K2 Construction
  • Hall Tower made a 20K SF deal with Standard Insurance Co > $96.50/SF in TIA > Hoopes/Dahlsten representing the tenant.
  • Morgan Stanley > Torrey/Bret/Cribb running > 600-800K SF requirement > taking pitches from developers.
  • HNTB signed at Ross Tower 130 months, $26.50 NNN, $95 TIA w LL work, $0.50 bumps, 38th floor.
  • Dogwood dropped 3131 McKinney.
  • Burns & McDonnell going to 3 Galleria Tower in middle stack > 2 floors (46K SF), 7-yr deal.
  • AT&T signed at Tower at Lakeside campus (7 floors in the tower).
  • Geico signed at Galatyn Commons 165K SF.
  • Fujitsu signing at Galatyn Commons.
  • Paychex in leases at 8900 Freeport > 100K SF > 3rd floor.
  • Zachary Construction in leases at 8900 Freeport  > deals at $21-22 NNN.
  • Kyle Jett Newmark running the Nasdaq deal > 10-20K SF.
  • NYSE is being run by JLL > considering options in Uptown.
  • Willkie expanded by 22K SF at The Quad.
  • In leases for a deal at $51/SF NNN at 8333.
  • Fidelity moving from Plaza at Preston Center to Preston Financial Center (doing deals at low to mid $40s NNN).

MARCH 10, 2025

  • The comp for Sally Beauty’s relocation to the Liberty Mutual sublease is as follows: 145K SF, 192 months, 12 free, $53.75 FSG, 2.5% annual increases, $100/TI.

MARCH 3, 2025

  • Ramrock will break ground on Preston Center development in early 2026 > will be 290K SF of office, 30K SF of retail, 260K SF of MF (140 units).
  • GP6 has less than 70K SF remaining. 
  • WS Development (https://www.wsdevelopment.com/) is under contract to purchase the Galleria North Tower I and is rumored to have a tenant in tow to lease the remainder of the existing vacancy, approximately 150K SF. The property is being sold at loan value which is approximately $40M ($130/SF).
  •  

FEBRUARY 24, 2025

  • Legacy West – including retail, office, multifamily, and hotel components, is under contract to Kite Realty for $800M.
  • AmerisourceBergen is re-entering the market for 30-70K SF FND requirement as PennyMac is focused on subleasing a portion of their 300K SF sublease at Austin Ranch.
  • JP Morgan has reached an agreement to lease approximately one full floor at The Tower at Hall Park.
  • Sterling Plaza is coming to the market. Pricing guidance is set at $120M ($380/SF) with a 7.5% cap rate. The building is currently 88% leased with average in place rents at $32.50/SF.
  • Wilson Elser relocated from Bank of America Plaza to Santander Tower. The comp is as follows: 19,443 SF, 128 months, 8 months abated, $23.50/SF NNN, 3% annual increases, $35/SF on existing buildout and $80/RSF on shell condition.

FEBRUARY 17, 2025

  • Hannah Mesh resigned from Harwood.
  • Fountain Place secured a 5-Yr loan extension at the end of 2024, pushing loan expiration to 2030.
  • Trinity Hunt is negotiating a lease to relocate from Harwood No. 10 to 17Seventeen McKinney.
  • Harwood must secure construction financing for Harwood No. 15 by March 1st, or Jones Day has the right to terminate their lease. Harwood has not secured a construction loan yet.
  • Integrity Marketing Group is working on an expansion at Fountain Place.
  • Disruptive Technologies is in leases for 8,000 RSF at the Crescent. They will be relocating from 4,000 SF at 2515 McKinney.

FEBRUARY 10, 2025

  • Lockton has signed a lease to relocate from 2100 Ross to the top three floors of Victory Commons, bringing the building to 50% leased. The comp is as follows: 99,801 RSF, $44.50/RSF NNN, 153 months, 9 months abated, 2.5% annual increases, $115/RSF TIA.

FEBRUARY 3, 2025

  • Marsh McLennan Agency is in leases for 100K SF at Three Galleria Tower. Tenant will be relocating from the top four floors of Walnut Glen Tower on Central Expressway. It is rumored the TI allowance would be $140/SF.
  • Brookfield Properties is in leases for 13K SF at 2000 McKinney. They most recently occupied 4,581 SF at Park District.
  • Lincoln R&D in under contract to BH Properties for approximately $114/SF ($43M).
  • Quorum Place has come to the market for sale through Newmark. Pricing guidance is $100/SF ($18.2M) which is equal to 10% cap. 
  • Galleria North Tower 1 has been awarded at $40M.

  • Matador Resources renewed in 185K SF in One Lincoln Centre. Matador Resources’s renewal was for $10/RSF less than Merit Energy’s new deal at Lincoln Centre due to Merit Energy’s $140/SF tenant improvements package.

  • Exxon Mobil is looking to purchase the Pioneer campus to terminate their existing long-term lease. Following the termination of the lease, Exxon Mobil would attempt to sell the campus.

  • The comp for Toyota Financial Services full building lease at Southstone Yards is as follows: 260,000 RSF, $44/RSF NNN, 127 months, 7 months abated, 2.5% annual increases, $72/RSF TIA, commences in May of 2025 with the option to extend the lease by 2 years to get additional TIA prior to commencement.

  • The comp for Chobani’s full floor lease at the Tower at Hall Park is as follows: 27,000 RSF, $45/RSF NNN, 130 months, 10 months abated, 2% annual increases, $96/RSF TIA.

  • Sally Beauty has agreed to terms on a 15-year 100K SF lease at the Liberty Mutual sublease.

  • Fischer purchased the old Motel 6 building for $112/SF.

  • The comp for Darling Foods’s two floor expansion at MacArthur Center II is as follows: 38,394 RSF, $16/RSF NNN, 65 months,16 months abated, $0.50 annual increases, $25/RSF TIA.

  • The comp for Farmers Insurance’s full floor lease at Interchange Office Center is as follows: 50,375 RSF, $18/RSF NNN, 66 months, 6 months abated, $25/RSF TIA. Farmers Insurance has a termination option after three years.

  • The comp for Axxess’s full floor lease at Tollway Plaza is as follows: 24,700 RSF, $27/RSF NNN, 120 months, 10 months abated, 2.5% annual increases, $30/RSF TIA.

  • Gainwell Technologies signed a lease for $29/RSF plus electric at the YPO sublease in Mandalay Tower 2.

  • The comp for Horace Mann’s full floor lease at 6275 W Plano Pkwy is as follows: 48,000 RSF, $30/RSF NNN, 128 months, 8 months abated, 2.75% annual increases, $65/RSF TIA.

  • Galleria North 1 – awarded at $40M

  • Woodside Capital Partners buying 161 Corporate Center (~$50/SF).

  • AT&T extended at 2900 W Plano – full building lease

  • Ryan Tower about to switch leasing to Lincoln

  • Anderson Merchandisers leased a full floor at The Apex I.

  • WeWork enterprise with Amazon lease backfilled McKesson space in Las Colinas.

  • Comcast for 50K SF was a 5-Yr deal (@ Liberty Mutual)

  • Vanguard was a long-term deal (@ Liberty Mutual)

  • Project Longhorn (Geico) – Doug Carignan, Christy Rhea – 150K SF looking from Lewisville to Richardson, timing is June 1 2025

  • Project P (PennyMac) – Josh White, 100K SF

  • Trinity Hunt – considering OVP, 2000 McKinney and one other option (outside of Saint Ann Court)

  • Crunch fitness HQ at River Edge – $50 NNN, 5-Year deal with must-take > needs 15K SF of warehouse with AC nearby

  • Marsh in leases at Three Galleria for 100K SF, rate ~$34 NNN (backfilling some of Ryan space)

  • K Hovnanian Homes – 29K, 5 Yr, $22 NNN, $30 TIA

  • Smith & Nephew – needs to test cadavers in space, ruled out some MT buildings

  • Lockton signed for 50K at GP6.

JANUARY 20, 2025

  • The Hershey Company signed a lease for a 3,300 RSF spec suite at the Tower at Hall Park.

  • Care.com signed a 14,000 RSF lease on the 11th floor at One West Village. The comp is as follows: 14,000 RSF, 129 Months, 9 abated (Base), $51.50 NNN, 2.75% increases, $81/RSF in TIA.

JANUARY 13, 2025

  • Real Capital Solutions has engaged Lincoln Property Company to lease the Tower at Park Lane (8750 NCX). RCS signed an agreement with LPC to represent them on agency leasing assignments nationally.
  • Pariveda Solutions is in leases for approximately 12,000 RSF at One McKinney.
  • Matador Resources renewed its lease for approximately 120,000 RSF at One Lincoln Centre.
  • 3131 McKinney has been awarded to Dogwood Commercial at a number “meaningfully higher” than pricing guidance, which was $32M. Dogwood still needs to secure equity in order to close.

JANUARY 6, 2025

  • Hilti is focused on a renewal and expansion for approximately 100K SF at Legacy Tower.
  • Kemper Insurance is in the market for 60-100K SF. Tenant currently occupies approximately 100K SF at 8360 LBJ with a lease expiration in the Summer of 2025.
  • Gainwell Technologies is focused on move-in ready options in Las Colinas, and will likely lease the YPO sublease at Mandalay Tower.
  • Chobani leased a full floor at The Tower at Hall Park.
  • Topaz Labs leased 28K SF at Village on the Parkway in Addison, bringing the office portion of the development to 100% leased.

DECEMBER 30, 2024

  • Real Capital Solutions closed on 8750 NCX (Tower at Park Lane) on 12/31. The purchase price was $66M.
  • 8750 NCX took pitches for leasing services this week.
  • JP Morgan is in the market for 30K SF in Far North Dallas and is considering Granite Park 6, The Tower at Hall Park, and Ryan Tower. This business unit needs to remain separate from their regional outpost at Legacy West.
  • Ford Motor Company will be relocating from a full floor in Granite Park Two to approximately 7K SF at the Star Phase IV.
  • The Dallas Morning News Plano printing facility at 3900 W Plano Pkwy is under contract for $43.5M and the buyer is expected to close on (2/1/2025).

DECEMBER 9, 2024

  • Trinity Hunt who occupies approximately 17K SF at Harwood No. 10, fell out of leases on the top floor at McKinney & Olive due to the Greenberg Traurig lease and is currently in leases at Saint Ann Court, but the deal is in jeopardy due to a pending loan maturity. Tenant is in search for approximately 25K SF.

  • Legacy Knight signed a 7K SF lease on the 3rd Floor of Maple Terrace. Tenant is relocating from approximately 3,500 SF at Parkland Knight. Mitsui Fudosan is also taking 6K SF on the third floor.

  • Care.com signed at 15K SF lease at One West Village. The rental rate is rumored to be north of $50 NNN.

  • Andrew Levy has left his role as a Senior Managing Director in JLL’s Capital Markets group and has joined Endeavor Real Estate Group.

DECEMBER 2, 2024

  • Carrington Coleman, Meadows Collier Reed, and QSLWM are in leases at Dallas Arts Tower for a total of approximately 115K SF of leases. Carrington Coleman and Meadows Collier Reed will both be relocating from Bank of America Plaza due to the recently announced plans to convert the tower to hotel/multi-family use and pressure to improve their offices. Additionally, QSLWM will be relocating from Bryan Tower as the building undergoes a complete conversion to multi-family use.
  • Fortis Property Group remains the recorded owner of Dallas Arts Tower, however the loan was refinanced by Starwood Property Trust in 2021, and they are expected to foreclose on the existing operator to own the property outright. The basis reset will allow Starwood to execute on the multi-million dollar renovation plans previously announced and provide increased concession packages for tenants in the market. 
  • Todd Savage resigned from his role as Senior Managing Director of JLL Capital Markets.  
  • The remaining 2 buildings at The Campus at Legacy (5340 & 5360 Legacy Dr.) sold to Nexpoint for $58M ($161/SF). 
  • Caroline Leary is resigning from JLL. 
  • Provident Realty Advisors purchased the 808K SF Lakeside Campus in Richardson from Trigild for $32.4M ($40/SF). Newmark represented the seller. The two-building campus is anchored by RealPage, which occupies 412K SF.

NOVEMBER 11, 2024

  • A full building user leased Southstone Yards, Crow Holdings’ 241K RSF new development in Frisco. The tenant is undisclosed as they have yet to announce internally, but a press release will be released this week. Its a great return to office story, and the transaction took 44 days from start to finish.
  • Energy Transfer/Preston Commons closing tomorrow (11/15) – Dan Harris is repping them, not sure on closing price yet.
  • Galleria North Tower II fell out with Matador resources back in the market with 150K SF.
  • Preston plaza traded at $55/SF – confirming buyer
  • 5000 / 5050 sold to Quorum – $70/SF to Capco
    • Now quoting $26+E – Spec suites going up, putting no capex into the building
  • 8080 NCX is wrapping up renovations to their lobby, fitness center, conference, and café to be done January / February 2025
  • Lakeside Campus closed in Richardson $40/SF – Newmark repped the seller. Tracking down buyer.

NOVEMBER 4, 2024

  • Lockton Companies’ FND and Uptown/CBD requirements are focused on Granite Park Six for two floors (50K SF) and Victory Commons for +/- 100K SF. They are currently in 100K SF at 2100 Ross and 22K SF at Legacy Town Center.
  • Andrew Levy resigned from JLL to join the principal side. He will announce his new role soon and stay at JLL through the end of the year.
  • CBRE is representing Project Lion, which is focused on the McKesson sublease for approximately 150,000 SF. The requirement is a 1,000-seat, plug-and-play space, ready by January 1, 2025.
  • 8750 NCX, currently owned by CBREI, is under contract to Real Capital Solutions for $71M ($140/SF) at an approximately 13% cap rate. The 508K SF building is currently 80% leased.

OCTOBER 28, 2024

  • Sally Beauty fell out of leases for 117K SF at Southstone Yards and circled back to the finalists, including Frisco Station. They also recently completed the sale of their former headquarters building at 3001 Colorado Blvd to the City of Denton for $46M ($286/SF).

OCTOBER 21, 2024

  • Greenberg Traurig signed a lease to relocate from 35K SF on the 51st and 52nd floors of Dallas Arts Tower to 49K SF of former Sidley space on the 19th and 20th floors of McKinney and Olive, which maintains the building’s 99% occupancy. The comp is as follows: 49,402 SF, 152 months, 8 months base abated, $58.00/SF NNN, 2.75% annual escalations, $75.00/SF in TI.
  • AMN vacated two floors at 8840 Cypress Waters to relocate to 55K SF on the 5th and 6th floors at 2999 Olympus.
  • Allstate is downsizing from their 500K SF Freeport campus to 50K SF at 3300 Olympus.
  • Highgate renewed at the Summit at Las Colinas. The comp is as follows: 31,000 SF, 120 months, 12 months free, $21.00/SF start rate, $0.50 annual increases, $70.00/SF in TI.

OCTOBER 14, 2024

Uptown/CBD Comps

  • The Quad
    • 4th-7th floors are available
    • Most activity is 25,000-40,000 SF
    • 90% of deals are coming from outside of Uptown or DFW
    • All 7 retail locations are leased (all F&B)
    • LDU Coffee will open Q1/Q2 of next year
    • P10: 11,061 SF, $68 NNN (NNN’s $22), 130 Months, 10 Abated, 2.75% increases, $105/TI represented by John Ellerman
  • 1920 McKinney
    • Getting former WeWork space on entire 25,000 SF 12th floor back – quoting $43 NNN (NNN’s $23.50) – will provide top of building signage
  • KPMG Plaza
    • KPMG and Jackson Walker both stayed in the building – JW expanded
  • Trammell Crow Center
    • Invesco vacated and moved to The Union – the 33rd & 34th floor are now available – quoting $50 NNN
    • Kilpatrick Townsend 23,000 SF 5 yr renewal 
    • Paul Hastings signed 3 yr deal to hold over until they move to Knox
  • Park District
    • 100% leased
    • MetLife expanded
    • CBRE took over the Hana lease and extended until 2039
  • 2100 McKinney
    • CBRE moving up to the 9th floor while renovating the 7th and 8th floors – will put the 9th floor on the market next year when renovations are complete
    • Quoting $50 NNN
  • BoA Tower at Parkside
    • Hope to be back to grade on garage by March 2025
    • Still expecting Q2 2027 delivery
    • Vertically priced
    • Top 3 floors (22,000 SF plates) are available – quoting $80-85 NNN
    • 13th-17th floors are available (29,000 SF plates) – quoting $70-75 NNN
  • Saint Paul Place
    • Mayer expanded by a floor (3 total) to become largest tenant in the building – 40,000 SF, $27 NNN, 92 Months, 8 Abated, 3% increases, $35/SF TI
    • Planning a renovation
  • 2100 Ross
    • Quoting $28 NNN
    • Still in the mix for Lockton
    • Dowd Bennett signed 5 yr deal
  • Santander Tower
    • Delivered a full floor of spec suites ranging from 6-8,000 SF (cost $82/SF) in January
    • Close to full floor deal to take Kirkland space
  • Harwood 4
    • HF leases rolls at end of year – occupied space on 11th, 13th, and 15th floors
  • Saint Ann Court
    • McDermott Will Emory is giving back the top floor to take the top floor of Harwood 14
    • Quoting $55 NNN 
  • Frost Tower
    • Polsinelli space is coming back next year – occupied space on 18th, 19th, 20th, and 21st floors (20th and 21st floors  are interconnected)
    • Quoting $55 NNN
  • Harwood 15
    • Expected delivery in Q2 2027
    • 9th floor amenity floor includes 20,000 SF rooftop garden, full wellness center, and conference center
    • Quoting $70 NNN
  • 3100 McKinnon
    • Quoting $32 NNN
    • Getting ready to do full $1.7M refresh – will quote $34 NNN after renovations
    • Tequila Social
    • Savory operated deli
  • Fountain Place
    • 500-600,000 SF of contiguous shell space
    • Tenet Healthcare lease expires (9/30/25)
    • Cypress Lounge is opening in 2025 and will include indoor/outdoor pickleball courts, hunting simulator, and golf simulator
    • Quoting $28-30 NNN (NNN’s $14.69 / E $1.69)
    • Quilling in leases for a full floor. First 45 months are at ½ rent. Received $140/SF in TI
  • Sinclair
    • Opening retail on the 1st floor early next year
  • Turtle Creek Village
    • 95% leased
    • Quoting $36 NNN
    • Delivering 2 more spec suites (last 2 vacancies)
    • Allegiance Title: 2,076 SF, $35 NNN, 39 Months, 3 Abated, $0.75 increases, $25/SF TI
    • Advance Planning Wealth Group: 2,105 SF, $31.25 NNN, 91 Months, 7 Abated, $0.75 , $10/SF TI, renewal
  • Parkside Tower
    • Quoting $32 NNN (NNN’s $12.47 / E $1.41)
    • Over 70,000 SF of spec suites
    • 1st round of suites cost $85/SF, 2nd round of suites cost $92/SF, 3rd round of suites cost $84/SF
    • 17th and 18th floors are white-boxed
  • Thirteen Thirty-Three/River Edge
    • Spec suites being built at both buildings
    • 6th floor broken into 3 spec suites at Thirteen Thirty-Three
    • 2nd floor broken into 6-14,000 SF spec suites at River Edge
  • Radiance Plaza
    • Quoting $17.50 NNN on 1st– 4th floors
    • Quoting $19.50 NNN on all other floors
    • Built 3 spec suites (2,500 SF, 4,000 SF, 4,000 SF)
  • Manufacturing District
    • Smart Business Concepts is in default and space (appx. 5K SF) is being marketed as direct at $40 NNN
  • 1717 McKinney
    • Top 2 floors available
    • Quoting $49-51 NNN
  • One McKinney
    • 14th floor is white-boxed
    • Leased half floor to Thermo-Mix – other half of floor is white-boxed
    • Quoting $35 NNN
    • ISN out in 26/27
  • Regency
    • Small spec suites
    • Low $30s NNN
    • Signed 2 spec suite deals on 5 yr terms (will share comp)
  • 2501 Cedar Springs
    • Spent $8M renovating building
    • Had Club Studio in leases for 40,000 SF but deal fell through
    • Has a restaurant in leases
    • Quoting $32 NNN but would do $29 NNN
    • Linebarger signed for $29 NNN at 3500 Maple
  • Henderson East (Acadia Development)
    • 80,000 SF of office
    • Lots of rooftop decks
    • Will include a social club like Park House
  • Plaza of the Americas
    • AT&T signed
    • HUB renewed
    • $19-19.50 NNN
    • $10M in renovations to start in 3 months
  • Ross Tower
    • Close to full floor deal with HNTB on the 39th floor
    • Quoting $28 on top third, $27 on middle third, and $25 on bottom third
  • The Centrum
    • Signed long term loan extension
    • 7th floor is open – 2 specs on that floor – pseudo spec at 21,000 SF
    • Annex is available in 12K SF of white-box space
    • Quoting $35 NNN (NNN’s $19)
  • Hall St at Centrum
    • Moroch is out
    • Just built 5th floor spec suites and 2 spec suites on 6th floor
    • 10th and 11th floor block is available as well as space on the 9th floor – can do building signage
    • 9th, 11th, and penthouse all have patios
    • Quoting $30 NNN (NNN’s $17) on specs
  • Uptown Center
    • Renewed Republic Title on 10th floor – did not renew on 9th floor
    • Will spec 9th floor once they have it back
    • Western Securities has nice space on 8th floor (currently 8,400 SF but can get up to 14K SF)
    • Quoting $30 NNN
  • 2811 McKinney
    • Quoting $26 NNN
  • Bryan Tower
    • All tenants have to be out by 2026
    • Small tenants have ability to move to Santander and landlord is honoring lease with rate from Bryan Tower

Las Colinas Comps

  • Las Colinas News:
    • Allstate 53,000 SF, commences in December 2025, 7 year term
    • 370 Las Colinas – Arra Finance took 16,000 SF sublease through 2026
    • 4545 Fuller – Respiratory Sleep listed a 24,394 SF sublease
    • Farmers Insurance renewed
    • Priceline renewed
    • 5150 Regent is on the market, listed by Colliers
  • Mandalay Towers
    • Stabilized now, not doing any deals
  • Crestview Tower
    • 80% leased
    • 5 spec suites being built costing roughly $60-80/SF and ranging from 1,300-4,000 SF
  • 8840 Cypress Waters
    • AMN vacated 2 floors
    • PCAOB: 5,192 SF, 63 months, 3 abated, $27 NNN ($10 NNN), $40 TI, 2.75% annual increases
    • BBI: 2,430 SF, 61 months, 1 abated, $24 NNN, spec-suite, 2.75% annual increases 
  • 8850 Freeport
    • Sirius XM 58,380 SF, $21 +E, 12 months 
  • 125 EJC
    • Gets 24,000 SF back on 16th floor and backfilling it
    • EEG Management: 4,754 SF, 65 months, 5 abated, $21 NNN ($12.45 NNN), spec suite, 3%
  • Williams Square
    • Has another 100,000 SF rolling in 2025 which may be reason for willingness to get aggressive on rate of certain spaces
  • Canal Centre
    • Columbia Home Service: 2,932 SF, 37 months, 1 abated, $16.50 NNN ($11.02 NNN), spec suite, $0.50 annual increases, direct deal 
  • 6565 MacArthur
    • 7 specs leased
    • 3rd floor about to be spec (~21,000 SF)
    • Quoting $23.50 NNN ($11.52 NNN)
    • 5th floor tenant extended 3 years
  • 5601 Executive
    • Low 90% leased
    • Pay 6.5% commissions
    • Novell owned, Novell call center prospects were 50% of the 80,000 SF they have leased in past 18 months at the building
    • Introba: 2,922 SF, 63 months, 3 abated, $23.50 gross, turn-key, $0.50 annual increases
    • Data Scan: 3,571 SF, 77 months, 5 abated, $22 gross, $0.50 annual increases
    • Dallas Chapter 13: 5,534 SF, 63 months 3 abated, $22.50 gross start, $0.50 bumps, turnkey
  • 600 ELC
    • Undisclosed tenant: 3,446 SF 65 months, 5 free blended through term, $28.00/SF + E start, $30.00/SF second year, 2.75% bumps afterwards, $12 in TI
  • The Summit
    • Highgate Renewal: 31K SF, 9 year deal, 12 months free, 120 months total, $21.00/SF NNN start, $0.50 cent bumps, $70.00/SF in TI

SEPTEMBER 26, 2024

  • Las Vegas Sands Corp is poking around Freeport looking to purchase for a data center requirement.
  • Allstate leasing 50K at 3300 Olympus (will get top of building signage) – 7-Yr deal, 5-Yr termination option 
  • Envoy renewed, Vizient is likely an expansion in their existing building 
  • Granite Construction leased a full floor at The Summit at Las Colinas (get comp from LanCarte Commercial) 
  • South College signed at Park West for 70K SF 
  • Boeing comp: 50,711 SF, 75 Months, As-is (1/1/24 CD) $15.75 NNN, $0.50 bumps – leased all of Rushmore space on 2nd floor
  • 2701 NCX – Chelsea Story repping a medical device company out of Korea (40K SF) Steward Healthcare terminated its lease at Galatyn Commons
  • 5525 LBJ highest offer was $8M
  • Associa selling its building on NCX to SMU Simpson Snaplock 25 – 35K – Christy Rhea (Legacy/Frisco deal) Continental Electric 50K SF Natalie Bode (DFW Wide?)
  • Brownfox is looking for 10,000 SF in Preston Center (currently at Preston Commons)
  • Ebby Halliday is looking for 20,000 SF in Preston Center
  • Dozier development in Preston Center is approved – only thing staying is Target – multi/office development (~275,000 SF of office)
  • 8333 Douglas:
    • 6th floor completely vacant – lease out for execution
    • 3rd floor 3,700 SF spec suite available (spent $75/SF)  – quoting $42NNN
  • 8343 Douglas:
    • 3 spaces available on 2nd floor
    • $39 NNN is lowest deal done this year (January)
    • $42.50 NNN w/2.5% bumps is highest deal
    • JLL is trying to sublease 20,000 SF at 8343 Douglas – term is through 2029 – quoting $44
  • Berkshire Court: 
    • 95% leased
    • PDG signed new deal – 128 months 8 free $39 NNN 2.75% bumps $95 TI
    • 5,000 SF shell space available on 12th floor – quoting $40 NNN
    • Northwestern Mutual backfilled Swearingen space – 4,000 feet left over that is currently unused
    • UMB Bank took 8,000 SF penthouse space with signage on the west side of the building
    • Holt Lunsford’s 2,000 SF deal is up next year – likely staying put
    • Largest vacancy is 5,000 SF
  • Terraces:
    • Took back the 5th floor from WeWork – they are looking to do some construction on the floor due to the WeWork setup – quoting $46 NNN for it
  • WeWork leases 3 floors in a building in Charlotte from the same ownership group. WeWork wanted to give back a floor in Charlotte but ownership did not want to, so they organized a swap where WeWork gave back a floor in Preston Center in order for ownership to take back the floor in Charlotte.
  • WeWork’s signage is available if someone takes the entire 5th floor
  • Expecting 5th floor to be a multi-tenant floor
  • 5955 Sherry:
    • 95% leased
    • AMP signed a deal on 3rd floor on 8/14 – 17,880 SF 162 months 6 gross free 6 net free $105 TI $36.90 NNN 2.5% bumps
  • Eyebrow signage on tollway that can be seen for 20 seconds while going southbound
  • Couple of small vacancies on 2nd floor (~1,500 SF)
  • Currently have 5,000 SF vacancy on 5th floor that is going to spec (first quote was for $160/SF but goal is to get it down to $110/SF)
  • Get 5,000 SF space back in December
  • Quoting in the $40s NNN
  • 8111 Douglas:
    • 12th floor is open because Aviatrix terminated – quoting $58 NNN
      • Will break that space up for a 7,000-8,000 SF tenant
    • 7,500 SF restaurant (Duro Hospitality) will be an American grill and is slated to open late 2025
  • 8393 Preston Center Plaza:
    • 100% leased
    • Closest lease expiration is 3 years away
  • One Preston Center:
    • 99% leased
    • Signed a deal on 8th floor – 63 months 3 free $33.50 NNN $20 TI
    • Space on 9th floor available – quoting $36 NNN
  • Bluffview Towers:
    • 78-80% leased
    • Built specs on 2nd and 3rd floors
  • Have 4 suites still available
  • Spending $80/SF on specs
  • Quoting $26 NNN
  • Last deal done was $25.50 NNN for 10 years
  • Mostly small tenants (~2,000 SF)
  • Doing 3% bumps on the deals in the $20s
  • Old Parkland East: 
    • 54% preleased – ~130,000 SF still available
    • Quoting $80 NNN but most deals are being done between $73-$76 NNN
    • Common area factor is now 33% up from 26% because a private terrace went public as well as having a big gym, saunas, nail salon, barber shop, etc.
    • Restaurants downstairs will be subsidized

SEPTEMBER 3, 2024

  • EY Ventures has selected Colliers International to lease Greenway Plaza I & III in Richardson.
  • Stanton Road Capital has hired Holt Lunsford Commercial as the listing broker for Element Towers (East & West) on West LBJ.

 

JULY 27, 2024

  • Creekview I and II was purchased by Associa for $120/SF with plans to relocate their Dallas headquarters. Associa’s current building off North Central will be coming to the market.
  • Preston Plaza is coming to the market at the end of the summer with a pricing guidance of $50-$55/SF ($12.9-$14.2M).
  • Interchange Office Center is on the market for $100/SF ($15M).
  • 8750 NCX is back on the market with a pricing guidance of $157/SF ($80M). In Summer 2023 this property was on the market for $225/SF ($115M).
  • BOA Tower is under contract with Hoque Global for a multi-family and hotel conversion.
  • International Business Park is under contract.
  • Galleria North Tower I has a couple of users looking to purchase, one being Matador Resources. This building is on the market for $130/SF.
  • The Overlook in Las Colinas may be under contract to a user.
  • Churchill Tower was purchased by TXRE. Guidance was $85-$90/SF with seller financing.
  • Raising Cane’s requirement has picked back up after being on hold. They are in the market for 200K-250K SF in the Upper Tollway. They have 5320 Legacy under contract and are expected to close in August.
  • Frost is in the market for 200K SF in Uptown. They are currently in Harwood and possibly going to Chalk Hill. It is reported they are working directly with Kaizen.
  • Jackson Walker is in the market for 150K SF in Uptown and the Arts District. Tenant sent RFPs to five buildings, including expanding and renewing at KPMG Plaza.
  • SAMs 50K SF DFW requirement is dead. They are moving back to Arkansas.
  • KPMG is in the market for 100K SF in Uptown. Tenant is downsizing and renewing at KPMG Plaza.
  • Intuit is in the market for 100K SF in Legacy/Frisco. They are currently in their own building on HQ.
  • Project Penguin is in the market for 100K SF in the Upper Tollway. They have sent RFPs to 2-3 options, including Southstone Yards. They want to be the majority tenant in their building.
  • Amerisource/Cencora is in the market for 100K SF. They are actively marketing their 300K BTS for sublease.
  • Kimley-Horn is in the market for 80K-100K SF in the Lower Tollway. This deal could end up being an early termination and consolidation.
  • Carrington Coleman is in the market for 50K-60K SF in CBD and Uptown. The deal is down to three options: Dallas Arts Tower, One Arts Plaza, and Fountain Place.
  • McKinsey & Co is in the market for 50K SF in Uptown. Tenant will likely extend and expand at McKinney & Olive into one of Sidley’s floors.
  • Michaels is in the market for 50K in Las Colinas.
  • Hilti is in the market for 30K-40K SF. Deal is just getting started.
  • OldCastle Building Envelope is taking a full floor at Lincoln Centre III. They are coming out of Pinnacle Tower.
  • King & Spalding is in the market for 25K SF in Uptown. Tenant is in leases for one of Houlihan Lokey’s floors at The Link.
  • Meadows Collier Reed Cousins is in the market for 25K SF in the Arts District. Tenant is currently in Bank of America. They sent RFPs to 3-4 options including Dallas Arts Tower and Fountain Place.
  • Willkie, Furr & Gallagher is in the market for 25K in Uptown. Tenant is a law firm out of NYC. Tenant has narrowed down options to 23 Springs and The Quad.
  • Walters, Balido & Crain is in the market for 25K SF. Tenant is trading proposals for possible relocation.
  • Comcast is in the market for 30K-40K SF. They are focused on the Liberty Mutual building.
  • Lockton is in the market for 50K-100K SF. RFPs were sent to 6-7 buildings in CBD, Arts District, and Uptown. They toured again with a second leadership team at the beginning of July.
  • Smith Clinesmith is in the market for 35K-40K SF.
  • Quilling, Selander, Lownds, Winslett is in the market for 25K SF.
  • IBM was in the market for 85K-125K in Uptown. This deal has died.
  • HNTB is in the market for 25K SF. Tenant is currently at Bryan Tower and are being forced out. They cut options in the Arts District and are focused on lower price point core of CBD closer to DART.
  • BCG in the market for 70K-100K SF in Uptown. Tenant is focused on a renewal at St Ann Court.
  • Lone Star Analysis is in the market for 65K-75K SF with the ability to grow to 110K SF in Plano/Legacy. Tenant was in leases with TCAL before short-sale. Tenant has shortlisted 5000 Headquarters (MacAfee building) and Elevar (5228-5240 Tennyson).
  • Order My Gear is in the market for 20K-25K SF. Tenant toured and short-listed 1333 Oak Lawn, One West Village, Victory and sublease options at The Stack.
  • Undisclosed 50K SF in Uptown/Arts District. This is a corporate relocation touring Uptown and Arts District at the end of June.
  • Brown & Brown is in the market for 35K SF in Plano. Tenant is consolidating three DFW locations into one. Following the initial market tour, the tenant decided they are going to focus on Richardson/Plano.
  • Undisclosed tenant exploring options for expansion and relocation. Requirement is for 100K SF in Far North Dallas with a Q1 2026 commencement date.
  • PennyMac Financial Services is in the market for 75K-100K SF. Tenant currently leases space at Plano Corporate Center and a building in Centerport. Tenant is targeting campus style value office options. The timing of deal is late 2025.
  • Undisclosed Sports Apparel Company is in the market for 30K-40K SF. This is a multi-city search for their new US HQ office/showroom.
  • Texas Pacific Land Corporation is in the market for 25K-30K SF in Uptown. Tenant currently offices at 1700 Pacific but wants to relocate.
  • Perkins Coie is in the market for 20K-25K SF. They currently office in Ross Tower and are looking to upgrade.
  • Cosmos Energy is in the market for 80K SF. This is an oil and gas group coming out of the NCX submarket. They are focused on the HF Sinclair block in Harwood No4. Or One West Village.
  • Farmers Automobile Insurance is in the market for 25K SF. Tenant toured the market and have proposals out.
  • Marsh McClennan (group officing in Walnut Glen) is in the market for 90K SF. They are touring market options mid-July.
  • Undisclosed Professional Services Firm is in the market for 40K-120K SF. If they decide to only lease space for the executives, they will only need 40K SF. If they decide to lease space for the entire operation, it will be closer to 120K SF. They are touring the market mid-July.
  • Undisclosed Law Firm is in the market for 33K-35K SF in Uptown with an August 2026 commencement date.
  • Undisclosed Health Tech Company is in the market for 20K-40K SF. This group is merging out of California and Australia and has an immediate need for temp space to hold them over for the next 6 months, moving into a long-term space thereafter. The need is for an initial 20K-25K SF with the option to expand into an additional 20K-25K SF after a year.
  • Glast, Phillips & Murray signed a new lease for 40,618 SF at Quorum Place. They are coming out of Quorum Business Park.
  • Hilton extended and partially expanded 52,831 SF at The Colonnade III.
  • Fresenius Kidney Care renewed 12,500 SF at The Hill.
  • ACU renewed 25,426 SF at One Hanover.
  • Matthews Real Estate signed a new lease for 11,090 SF at The Quad.
  • Mariner Finance signed a new lease for 19,488 SF at Tollway Office Center II.
  • FDIC expanded 71,091 SF at Plaza of the Americas – South Tower.
  • Jones Day signed a new lease for 73,000 SF on floors 19-21 at Harwood 15.
  • Gray Reed signed a new lease for three floors at 1845 Woodall.
  • Atlantic Aviation signed at Granite Park 6 for the 17th floor.
    Fee, Smith, Sharp & Vitullo renewed at Galleria.
  • Paul Hastings signed a new lease at MSD Knox for 40K SF.
  • Murchison Oil and Gas renewed 27K SF at Legacy Tower.
  • Apptricity Corporation renewed 22K SF at Mandalay Tower 1.
  • Forescout Technologies renewed for 29K at Park Center.
  • Santander renewed 211K SF at Santander Tower.
  • Polsinelli signed a 40K SF lease at Old Parkland East.
  • Harwood Center was awarded to Transwestern. The building is planning a $2M lobby renovation and spec suite program.
  • One Arts Plaza is marketing the Enlink Midstream floors on 11 and 12 (80K SF). Building is working on modernizing some of the FFE and finishes in the lobby.
  • 2500 Cedar Springs is 450,000 SF of proposed office. Lincoln has engaged a few tenants but have not had any success. The building needs to be 50% pre-leased to kick off.
  • The Union is working on a refinance.
  • The Link delivered 6,200 SF in spec suites on the 21st floor. Finishes are comparable to Kaizen’s space, so cost upwards of $100/SF. Quoting $60 NNN.
  • The Centrum is building out a full floor of spec suites that will deliver in August. Build out is costing around $71/SF including corridor and restroom upgrades. Quoting $29 NNN.
  • Apex signed 40K of smaller leases with the largest deal being 15K SF. Spec suites are driving leasing.
  • Plaza at Legacy just completed renovations including a new lobby, tenant lounge and an updated conference room.
  • Chalk Hill is said to be engaged with Frost for 200K SF. Building needs to hit 45% pre-leased to kickoff. The hotel component of the project will be an Edition Hotel under the Marriott brand. JLL has communicated they anticipate economics for the anchor tenant being $65 NNN with $120 TI for a 12-year term, and $70-$75 thereafter.
  • Harwood 15 is 22% pre-leased but needs to be 50% pre-leased to kick off. They are quoting low $70 NNN.
  • Old Parkland is communicating they have a 90K SF user, but it is unknown who this would be.
  • MSD Knox confirmed that ISN expanded by one floor, and they signed with Paul Hastings for the remaining floor and a half.
  • Sams Club at Factory 603 is shutting down the office at the end of the year and will market the 100K SF space for sublease. LEX is May 2030.
  • Savills’ new lease for 10K SF on the 14th floor will put 23 Springs at 58% leased.
  • Hoque, who has BOA Tower under contract, is working with Dallas Collage to move their administrative offices to BofA Plaza.

 

JUNE 17, 2024

    • Las Colinas
      • Freeport – City Manager Chris Hillman
      1. 50% increase in costs for infrastructure in past year
      2. 50% office “occupancy” today
      3. $100M on roads in next 5 years, $200+ in 10
      4. No new office developments in 30 years
      5. Source of funds – zero interest loans from state
    • Vizient
      1. Vizient / Wells Fargo (Wells Fargo allegedly keeping their office there?) two biggest tenants
      2. Bought in 2012 by Wolverine
      3. In house property management
      4. Quoting $21-$22 NNN
        • Opex $9.39
        • E $1.30
    • 3660 Regent
      1. Couldn’t furnish TI, TT came out of pocket, gave aggressive free rent and rate
      2. 22,600 SF
      3. White box condition
      4. 5 year deal
    • 8840 Cypress Waters
      1. Salad and GO – 31K SF $23 NNN (to get this comp and a couple others)
    • Crestview Tower
      1. Six 5K SF spaces left, offering $10K broker bonus for 5+ year deals
      2. 2/4 spec suites leased (to get comp)
    • Canal Centre
      1. Lots of activity in smaller spaces, leased former Common Desk spec suite (fully furnished) (to get comp)
      2. Largest spec suite – 8K SF
    • TIM
      1. Project Penguin – focused on Legacy

 

JUNE 10, 2024

  • Uptown
    • Matthews Real Estate is vacating 8K SF on the 7th floor of 8300 Douglas to occupy 11K SF on the fourth floor of the Quad with a $61/SF NNN start rate, bringing the building to 39% preleased.
    • New York City based Willkie (willkie.com/) is in the market to open a Dallas office. They are in search of temp space as they focus on 25K SF of new construction in Uptown.
    • Savills is relocating from 8K SF on the 48th floor of Dallas Arts Tower to 11K SF at 23Springs, bringing the building to 54% preleased.
  • Central Expressway
    • CBREI is bringing 8750 NorthPark Central back out to the market with a pricing guidance of $90M ($176/SF). The building was previously on the market for $120M ($235/SF) and was pulled in March 2024 after completing an 18-month loan extension.

 

JUNE 5, 2024

  • Uptown
    • Polsinelli (https://www.polsinelli.com/) exercised their termination option at Harwood No. 4 and is in leases at Old Parkland East for 40K SF. Old Parkland East is reportedly in leases with seven different tenants for a combined 100K SF, which would increase occupancy at the building from 29% to 64% if executed.
    • Duane Morris is finalizing a sublease for the remaining availability of Houlihan Lokey’s sublease at the Crescent. The tenant will occupy 22k on the 9th floor through October 31, 2024.
    • Locke Lord, who currently occupies 104K SF on floors 25-28 of Dallas Arts Tower, will be reportedly subleasing 12K SF of their space on the 25th floor. Their lease expires in December 2030.
    • Paul Hastings signed a short-term 16K SF lease on the 27th floor of Trammell Crow Center as they await the completion of The Knox (delivering in 2026), where they will occupy 40K SF. They currently office in the Common Desk at TCC.

 

MAY 27, 2024

  • CBD
    • Charter Holdings is finalizing plans to convert the bottom five floors of Founders Square to hotel use in anticipation of the upcoming renovations to Kay Bailey Hutchison convention center which is set to be completed in 2029.

 

MAY 21, 2024

  • Las Colinas
    • Las Colinas Corporate Center I-III
      • Tenant lounge/full service café being delivered in next couple weeks
      • In leases with larger tenant on 4th floor, to take remainder of vacancy
      • Spec suites being delivered on the 6th floor – 2200 SF – 6,000 SF
      • USMD moved out, consolidated?
      • $80-90 in TI for 10-year deals
      • NNNs $12.38 at II, $13.09 at I
      • LCC III – BTS opportunity, 350K SF with a parking garage.
    • Envoy: looking at McKesson building
    • WebTPA: likely renewing at 8500 Freeport or McKesson
    • Berkley Insurance: likely renewing at Urban Center for roughly 20K SF. They were previously in the market for approximately 50K SF to consolidate two separate offices in Las Colinas.
  • Uptown
    • PacElm Properties is pursuing a note purchase on 2200 Ross Ave (Dallas Arts Tower). Fortis is the current owner and Starwood Capital is the current lender. The 1.2M SF building is 66% leased.

 

MAY 11, 2024

  • Lower Tollway
    • Abilene Christian University renewed its lease at One Hanover for 7 years. The tenant was previously in the market for 60K SF.
  • Las Colinas
    • Corporate Point at Las Colinas, formerly Gainwell Technologies’ HQ, is under contract with an industrial developer for $23/SF to the land to convert the site to industrial use. The sale will include the 7 acre site as well as 8 acres of undeveloped adjacent land. Cushman & Wakefield is marketing the sale.
    • The Big 12’s former office building at 400 E. John Carpenter is closing today for approximately $4.3M ($300/SF). The buyer is a medical group who will convert the building to a medical office.

 

MAY 6, 2024

  • Legacy/Frisco
    • One Legacy Circle in leases with Cadence McShane for approximately 15K SF.
    • Atlantic Aviation in leases for 20K SF at GP 6 on 17th floor. $40 NNN Face Rate
    • Jewelers Mutual picked Raleigh for their regional expansion. Tenant has an office at Premier Place and will likely maintain a presence in Dallas.
    • Tech Mahindra Still in the market for approximately 30K SF. Requiring Tollway signage opportunity and plug n’play space.
    • TCAL: loan matures at the end of the year; LoanStar Analysis fell apart at TCAL because JP Morgan/Partners group punted the deal due to RCD timing and financials
    • Comcast: focused on TCAL, Liberty Mutual and Legacy Town Center. Tenant requires move-in ready vacancy, which explains the short-list.
    • Elevar (former SMU Campus in Plano): finalizing conversion from school to creative office campus and anticipating delivery in October 2024. Targeting high $20s NNN rents with NNN’s around $9.50/SF. Can provide 4/1000 surface parking.
    • The APEX at Legacy: in leases on a 4K SF spec suite on the 7th floor, building one on 8th and building out approximately 15K SF of spec suites on the 9th floor. Will turn-key full floor deals and provide TI equivalent of $10/SF/Yr of term.
    • Primera buildings 5&6 (121 Commerce Center Terra/Aqua) Delivered in February, other in September > striking at around $32 – $34 NNN, with $12 NNN’s > will only do 3-5 Yr terms > comes with Fitness Center, Conference facilities, outdoor tenant lounge, grab n’ go cafe on-site
    • Ryan Tower: in leases with Koch Industries, building out full floor of spec suites, will agree to building signage for another tenant
    • Canes looking at buying a building on Tollway between 190 and SRT (121)
    • The Star Phase IV Wells Fargo leased an additional 4K SF. Signed Barbieri Law Firm for 7K SF on 1st floor and the comp is as follows: 125 Months, 5 Abated, $43 NNN face rate, 3% increases, $75/SF in TIA.
    • TIAA build-to-suit at The Star in Frisco will deliver in July
    • LPC has a PelliClarkePelli designed building that they’re dusting plans off for (corner of Warren, would be 330K SF
    • Tower at Hall: delivers in July/August > signed 15K SF with Frisco EDC/Visit Frisco, in leases with LTI MineTree ~20K SF (Mary Stoner), another prospect ~ 25K SF, in the mix for Lockton (~appx. 40K), hotel and park deliver in October > getting $4/SF on MF > landing on deals at $44 NNN (gave Frisco EDC $70/SF in TIA, 10-Yr deal) Building out 13 spec suites in the Legacy assets at Hall Park, will do 4-5 spec suites on 7th floor of the new building Kaleidoscope Park naming rights will be offered for $15.

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