Blackstone takes lease at the Quad

A $100 million Uptown Dallas development just landed its second tenant: the Blackstone-owned Revantage real estate company.

Dallas’ Stream Realty Partners started construction a year ago on the 335,000-square-foot development known as the Quad, and Revantage will occupy 32,000 square feet for about 160 employees, the Dallas Morning News reported. 

Stream’s Ryan Evanich and Marissa Parkin negotiated the lease with JLL’s Jon McNeil, Torrey Littlejohn and Christy Rhea.

The 12-story building, located at Howell and Routh streets near McKinney Avenue, is a redevelopment of the Quadrangle shopping center, set to open sometime next year. Chicago Title previously leased 20,000 square feet at the Quad. 

The development has an acre of green space, workout studio, retail restaurants and live theater amid walkable Uptown. Theatre Three has been located on Laclede Street since 1969. 

Revantage aims to attract talent in tech and finance, so those amenities, as well as smart-building features, were selling points, CEO Matt DeMonte said. 

The concentration of talent in the area and infrastructure were key in deciding to expand their presence to Dallas, Blackstone’s Rob Harper told the outlet.

The Chicago-based firm explored various locations for Dallas office space before settling on the Quad, including the 23Springs building in Uptown, the East Quarter downtown and a few buildings in the Deep Ellum area. 

The Uptown/Turtle Creek submarket remains attractive for developers and investors, and the submarket has more than $500 million in development in the pipeline. 

—Quinn Donoghue