search

The Real Deal Logo

Trending

NYCB loan defaults surge 400% as rent-stabilized buildings bleedNYCB loan defaults surge 400% as rent-stabilized buildings bleedWhole new world: How NYC values 421a, 485x sites nowWhole new world: How NYC values 421a, 485x sites nowNaftali unveils sprawling $600M Williamsburg Wharf “urban resort”Naftali unveils sprawling $600M Williamsburg Wharf “urban resort”Mohamed Hadid files for bankruptcy on Beverly Hills lot, owing $55M to creditorsMohamed Hadid files for bankruptcy on Beverly Hills lot, owing $55M to creditors
Commercial
Dallas

Stream Realty’s Pinnacle Tower inks 90K sf new leases

Twelve new tenants have signed leases in the 24-story building visible from LBJ Freeway

Stream Realty’s renovated office tower is becoming a popular North Dallas leasing destination.

Twelve companies have signed on to occupy more than 90,000 square feet of the Pinnacle Tower, which totals 549,000 square feet.
Having undergone $10 million renovations in 2018, the Class A office building at 5005 Lyndon B. Johnson Freeway includes high-end amenities that companies relocating to the area want.

“Companies across the nation are looking for the best possible office experience for their employees in the most centralized location, reducing commute times and resulting in happier employees,” said Chase Lopez, vice president at Stream Realty.

The flock of new businesses looking to make DFW their home has pushed the market into national metrics within just the last year.
Amenities like parks, restaurants and high-end office space help companies attract employees and compel them to stay in the office.

Sign Up for the undefined Newsletter

The Pinnacle Tower includes a fitness center, sundry shop, coffee bar, tenant lounge, on-site restaurant and conference room with seating for up to 300 people, according to a media release.

Exterior lighting, outdoor walking areas and outdoor patio are also among the amenities. The building is adjacent to the Dallas North Tollway and Interstate 635, offering visibility and accessibility to restaurants and hotels, and it’s about 20 minutes from Dallas-Fort Worth International Airport.

New tenants include Huselton, Morgan & Maultsby, USAA Real Estate and Haynes and Boone, and the new leases are expected to generate over $22 million for Stream.

The firm has another high-end office project under development in Austin, another market setting a hot pace for offices.

Read more

Tags
LeasingOffice