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Dallas

Granite, Highwoods score massive office lease at 23Springs in Uptown

Law firm leased 118K sf in building set to open late next year

Granite, Highwoods Lease Four Floors at 23Springs to Law Firm

A photo illustration of Granite Properties’ Will Hendrickson along with a rendering of 23Springs in uptown Dallas (Getty, Granite Properties)

Add another tally to the win column for the developers of 23Springs and Uptown Dallas’ office market.

Law firm Sidley Austin has leased 118,500 square feet across four and a half floors in the 26-story tower at 2323 Cedar Springs Road, the Dallas Morning News reported. 

The deal adds to a string of leasing victories for the developers, a joint venture of Plano-based Granite Properties and North Carolina-based Highwoods Properties. In January, Professional services firm Deloitte inked a more than 100,000-square-foot deal at the site, and Bank OZK has committed to a large chunk of space as well.

The 625,000-square-foot tower, set to open late next year, is now more than 50 percent pre-leased. 

The building is leasing up quickly because of demand for high-end office space in its location in Uptown, a walkable neighborhood near downtown, offering amenities like the Katy Trail, restaurants and shopping, Granite’s Paul Bennett told the outlet. 

Sidley Austin will relocate from the McKinney & Olive office tower, at 2021 McKinney Avenue, also in Uptown, where it occupies 80,000 square feet, the outlet reported. The company is targeting a January 2026 move-in date.

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

Uptown has emerged as Dallas’ premier office destination for developers and corporations alike. Last month, Fort Worth-based marketing firm PMG leased 75,000 square feet across three floors in the Link at Uptown, a 25-story Class AA office tower developed by Kaizen Development Partners.

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Bank of America turned heads last year when it announced plans to relocate from its namesake tower in downtown Dallas to a 238,000-square-foot space in the 30-story Parkside Uptown, which is being developed by KDC and Pacific Elm Properties. 

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

—Quinn Donoghue 

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Granite PropertiesHighwoods Properties
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