Software company ECI downsizes with 25K sf lease in Westlake

Landlord Glenstar spent $65 million updating office complex in Texas’ wealthiest city

ECI Moves Headquarters to Glenstar-Owned Complex in Westlake
ECI CEO Trevor Gruenewald, Glenstar Michael Klein and Rand Diamond with The Terraces (ECI, Glenstar, Getty)

The most talked-about corporate relocations to DFW are from California; but many headquarters moves are local.

That’s the case with cloud-based software provider ECI Software Solutions. The company recently halved its office space when it took a 25,000-square-foot lease on the fifth floor of Building 6 at The Terraces, at 1500 Solana Boulevard in Westlake. ECI previously occupied 50,000 square feet in Fort Worth’s Alliance Corridor. 

JLL’s Jeff Eckert represented landlord Glenstar, and Stephen Rury of Colliers represented ECI in the lease.

The move reflects the increased popularity of remote work after the pandemic and the “flight to quality” pushing companies to more modern spaces. 

“We needed a smaller, more intimate space that’s bright, warm, well-amenitized and helps us ‘earn the commute’ of our employees,” said ECI’s Andrew Pryor.

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Chicago-based developer Glenstar spent $65 million updating The Terraces in 2021. The 1.1 million-square-foot, eight-building office complex was built in 1988.The renovation includes a restaurant, gym, conference facility and bocce courts. 

Westlake, named the wealthiest city in Texas last year, is 25 miles northeast of downtown Fort Worth, 11 miles west of DFW Airport and 30 miles northwest of downtown Dallas. 

Weider Health and Fitness is also moving its office to The Terraces. The California-based company is taking 5,500 square feet. Weider Health and Fitness is the holding company for Gallery 19C and Weider Global Nation. 

Glenstar was founded in 2004 and has developed or redeveloped more than $2 billion in commercial space. 

Glenstar’s portfolio includes two other DFW office properties: the 1.1 million-square-foot, five-building Energy Square and the 500,000-square-foot, 20-story Premier Place. Both are located in Dallas. 

The developer’s Chicago office portfolio faced considerable distress last year. Lender Affinius Capital took control of the Schaumburg Corporate Center, and Glenstar handed the Chicago Trade Building over to lender Apollo Global Management to avoid potentially defaulting on a $256 million mortgage. 

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