A new Deep Ellum business tower has filled up with a lease from a Dallas marketing agency.
TRG — formerly the Richards Team — is using extra than 100,000 square toes of offices in The Stack creating on Commerce Avenue.
The move to the setting up just east of downtown comes months immediately after the promotion firm’s longtime headquarters on North Central Expressway was sold to a group of buyers.
TRG’s new office in Deep Ellum is much less than fifty percent the dimension of its aged headquarters tower in the Cityplace advancement north of downtown.
“TRG is a Dallas agency by means of and via, and we selected earlier this calendar year to make on our successful refresh in 2021 by joining The Stack Deep Ellum,” TRG CEO Glenn Dady reported in a statement. “The neighborhood’s power and the pleasure of the surrounding thriving firms in the coronary heart of the city we appreciate make it the ideal place to continue on growing creatively in a unique space that places us at the forefront of the promoting landscape. We’re thrilled to shift to our new residence early subsequent 12 months.”
Formulated by Houston-based mostly Hines with Dallas’ Westdale Authentic Estate Investment decision and Management and trader Ivanhoé Cambridge, the Stack is a 16-tale developing at 2700 Commerce St. The reduced floors of the developing involve retail and a parking garage.
“We are thrilled to announce that The Stack is 100% leased significantly less than a 12 months next its opening in Could 2021,” Westdale president Joe Beard said in a statement. “The project’s connectivity-centric spaces coupled with an unmatched location in a person of the city’s most authentic and energetic neighborhoods build a correct community, and TRG will be a dynamic addition to the setting up and the area.”
Other office environment tenants in the new building contain insurance policies organization Bestow Inc. and Hines.
The Stack has 15,000 square feet of floor flooring retail house and more than 210,000 sq. feet of workplaces.
The building lured businesses with its site in the vicinity of downtown and deluxe tenant features which includes a physical fitness middle and out of doors terrace on the 10th floor.
Robert Blount and Andy Leatherman of Jones Lang LaSalle negotiated the TRG lease with Altschuler + Co.
“We search ahead to observing TRG’s vivid potential unfold in this new area,” Hines senior handling director Ben Brewer reported in a assertion.
The 18-tale Richards Team significant-increase overlooking North Central Expressway in Uptown was obtained in January by a partnership of Dallas-primarily based industrial assets business OliveMill Holdings, Hunt Realty Investments and New York-based mostly Angelo Gordon.
Designed in 2015, the 250,000-square-foot office environment building was built to residence the headquarters of the Dallas advertising and marketing and marketing firm.
The advertising and marketing business commenced chopping employees in 2020 soon after it lost important accounts owing to controversial comments by founder Stan Richards, who has left the agency.