Financial institution of America Plaza. Picture courtesy of Cushman & Wakefield
Metropolis Funding Holdings has signed a 28,366-square-foot lease with regulation agency Simon Greenstone Panatier, PC at Financial institution of America Plaza, a 1.8 million-square-foot workplace tower in Dallas’ CBD. Cushman & Wakefield represented the tenant, whereas JLL labored on behalf of the owner.
The regulation agency will transfer its headquarters from Renaissance Tower, situated additionally within the CBD to the town’s tallest constructing. Metropolis picked up the trophy workplace asset again in 1998 from PGIM Actual Property, CommercialEdge knowledge reveals.
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Financial institution of America Plaza rises 72 tales at 901 Major St. and options facilities, resembling a health heart, concierge companies, automobile wash, a convention heart, a 3,000-square-foot tenant lounge and eating places. The constructing earned LEED Gold, Fitwel, UL Verified Wholesome Constructing for Indoor Air & Water and Dallas Inexperienced Enterprise Platinum certifications.
The property’s tenant roster consists of Copp Regulation Agency, AG&E Structural Engenuity, Financial institution of America, GM Wealth Group, Frontline Supply Group and others, based on CommercialEdge knowledge.
Cushman & Wakefield’s staff included Govt Managing Director Tom Sutherland, Managing Director Ryan Hoopes and Senior Affiliate Dean Dahlsten, whereas JLL’s Managing Administrators Russ Johnson and Joel Pustmueller represented the opposite social gathering.
Workplace leasing in Dallas-Forth Price
Regardless of financial challenges, the Dallas-Fort Price workplace market carried out properly all through 2022, current CommercialEdge knowledge reveals. The Metroplex had a 17.9 % emptiness charge in January, down 60 foundation factors over the month and 130 foundation factors larger than the nationwide charge of 16.6 %. The metro ranked second after Charlotte (13.2 %), surpassing Austin (19.1 %) and Atlanta (20.0 %).
Current offers in Dallas embrace Taconic Capital Advisors’ 30,650-square-foot lease with Forv/s at its 388,432-square-foot Worldwide Plaza 2. The accounting and advisory agency’s full-floor dedication introduced the property to 93 % occupancy.
In March, CBRE Group introduced plans to maneuver its international headquarters to the Park District, a two-tower mixed-use property in Uptown Dallas. The actual property big will occupy two-and-a-half flooring totaling roughly 67,000 sq. toes at Trammell Crow Co.’s workplace constructing.
