Trammell Crow Center Gets boost From new, Extended Leases.

Stream Realty Partners extended or signed more than 100,000 square feet of new leases at the Trammell Crow Center in the Downtown Dallas Arts District over the past eight months.

The company told the Dallas Business Journal that “one of the world’s largest financial services institutions” recently snagged a 27,990-square-foot lease that spans a floor of the building. Stream Realty itself renewed its nearly 45,000 square feet of space at 2001 Ross Avenue, and several law firms are either moving in or expanding. Gibson Dunn expanded its lease to 89,879 square feet; Ahmad Zavitsanos & Mensing and Crowell & Moring signed leases for 17,043 square feet and 9,291 square feet, respectively.

Holistically, the run of new leases and expansions bring the 1.2 million-square-foot building to 92 percent leased, according to the outlet. Stream Realty claims it locked in 75,522 square feet worth of new tenants and upwards of 69,000 square feet in renewed or expanded leases.

There’s been little, if any, positive news for Downtown Dallas recently. The real estate community took notice of the area’s struggles as plans for a Dallas City Hall building renovation remained up in the air, and Saks Global announced plans to abandon its flagship Neiman Marcus location. The wider public became acutely aware of the struggles as the Dallas Mavericks and Dallas Stars announced plans to move out of the American Airlines Center by 2031 within mere days of each other.

The new leases at the Trammell Crow Center run counter to the narrative that Downtown Dallas is struggling, but there are still gigantic names to replace. The professional sports teams, Fifth Third Bank, AT&T and others are still exiting the area. Stream Realty senior vice president Marissa Parkin told the outlet that the building’s location in the Arts District and proximity to Dallas’s thriving financial district in Uptown, dubbed Y’all Street, are major draws for prospective tenants.

— Hunter Cooke