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Sunday, April 14, 2024

Granite, Highwoods Lease 4 Flooring at 23Springs to Legislation Agency

Add one other tally to the win column for the builders of 23Springs and Uptown Dallas’ workplace market.

Legislation agency Sidley Austin has leased 118,500 sq. toes throughout 4 and a half flooring within the 26-story tower at 2323 Cedar Springs Street, the Dallas Morning Information reported

The deal provides to a string of leasing victories for the builders, a three way partnership of Plano-based Granite Properties and North Carolina-based Highwoods Properties. In January, Skilled companies agency Deloitte inked a greater than 100,000-square-foot deal on the website, and Financial institution OZK has dedicated to a big chunk of house as properly.

The 625,000-square-foot tower, set to open late subsequent 12 months, is now greater than 50 % pre-leased. 

The constructing is leasing up shortly due to demand for high-end workplace house in its location in Uptown, a walkable neighborhood close to downtown, providing facilities just like the Katy Path, eating places and buying, Granite’s Paul Bennett advised the outlet. 

Sidley Austin will relocate from the McKinney & Olive workplace tower, at 2021 McKinney Avenue, additionally in Uptown, the place it occupies 80,000 sq. toes, the outlet reported. The corporate is concentrating on a January 2026 move-in date.

Stream Realty’s Craig Wilson, Randy Cooper and Greg Biggs represented Sidley in lease negotiations, whereas Granite’s Robert Jimenez, Burson Holman and Elizabeth Fortado represented possession.

Uptown has emerged as Dallas’ premier workplace vacation spot for builders and companies alike. Final month, Fort Value-based advertising agency PMG leased 75,000 sq. toes throughout three flooring within the Hyperlink at Uptown, a 25-story Class AA workplace tower developed by Kaizen Growth Companions.

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Financial institution of America turned heads final 12 months when it introduced plans to relocate from its namesake tower in downtown Dallas to a 238,000-square-foot house within the 30-story Parkside Uptown, which is being developed by KDC and Pacific Elm Properties. 

Goldman Sachs is constructing a $500 million regional campus just a few blocks from there.

—Quinn Donoghue 

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