Park District, also called the PwC Tower, will home CBRE’s international headquarters. Picture courtesy of Yardi Matrix
CBRE Group has agreed a lease for a brand new international headquarters that can preserve the actual property large in Dallas.
The corporate will transfer its international headquarters from an workplace tower at 2100 McKinney Ave. to the Park District constructing in Uptown Dallas, in keeping with an announcement from CBRE. The agency’s new workplace will embody two-and-a-half flooring totaling roughly 67,000 sq. toes on the property, with a move-in date anticipated to be someday within the second half of this 12 months. The Park District area beforehand served as a coworking facility.
Often known as the PwC Tower, Park District is positioned at 2121 N. Pearl St., on the intersection of N. Pearl Road and Woodall Rodgers Freeway. The 2-tower mixed-use property, which incorporates an workplace high-rise, residences and retail area, overlooks Klyde Warren Park. CBRE-owned Trammell Crow Co. developed and owns the undertaking.
The constructing, which was constructed in 2018, was one of many prime 10 LEED-certified buildings in Texas the next 12 months. Outstanding tenants on the web site embody white-shoe legislation agency Winston & Strawn. Park District is positioned close to the location of KDC’s new Parkside Uptown undertaking which, as soon as constructed, will sit in Klyde Warren Park.
Staff at Trammell Crow, in addition to these in CBRE’s native Dallas Advisory, will proceed to work on the 2100 McKinney location.
MetLife has owned 2100 McKinney since 2004. The property’s tenants embody asset supervisor Carlson Capital.
CBRE, which was primarily based in Los Angeles earlier than its 2020 transfer to Texas, had deliberate on shifting its international headquarters and the majority of its Dallas operations, together with Trammell Crow, from 2100 McKinney to a brand new constructing at 2401 McKinney Ave.
Trammell Crow will develop 2401 McKinney sooner or later sooner or later, with the last word timing relying on workplace market circumstances, CBRE stated within the assertion. The agency anticipates that it’ll transfer its international headquarters there at some but unknown date, although improvement and development are anticipated to take a number of years after the eventual ground-breaking.
CBRE is topic to a 2021 incentive settlement with the Texas state authorities and the town of Dallas, which requires the corporate keep a headquarters in Uptown Dallas, although no precise location or handle is specified. The incentives are additionally topic to sure job development and associated metrics, in keeping with the assertion.
