Munck Wilson Mandala Moves Headquarters to Uptown Dallas

A local law firm has traded suburban sprawl for a headquarters lease in Uptown Dallas.

Munck Wilson Mandala recently secured 41,200 square feet across two full floors in the Texas Capital Center, at 2000 McKinney Avenue, the Dallas Business Journal reported. Cushman & Wakefield’s Campbell Puckett, Johnny Johnson and Rodney Helm represented the law firm.

The 21-story property is owned by Union Investment Real Estate GmbH and anchored by Texas Capital Bank.

The company relocated after nearly two decades in North Dallas as more professional services firms opt for centralized, amenity-rich locations like Uptown.

The law firm previously operated from a three-floor office in JP Realty Partners’ 12770 Coit Road, near Medical City.

The relocation to Uptown places the law firm in proximity to numerous nearby attractions, including Klyde Warren Park and a variety of restaurants and bars. The building features a virtual courtroom and podcast studio. It’s located in the burgeoning hub of Y’all Street.

The shift from a suburban to urban office environment is part of a larger expansion strategy for Munck Wilson Mandala, which plans to add over 100 attorneys to its team in the coming years. The firm’s portfolio of clients spans industries, with a focus on technology.

In addition to its headquarters move, Munck Wilson Mandala has established a satellite office in Granite Properties’ 16-story Granite Park 3 in Plano. That 5,200-square-foot lease accommodates six attorneys and serves clients across the Dallas-Sherman-Fort Worth technology triangle.

Dallas’ office vacancy rate is still high — sitting at about 26 percent in the fourth quarter — but demand is relatively strong, according to Avison Young. About 400,000 square feet was absorbed in the quarter, and the year ended with 1.7 million square feet of absorption. Leasing is sluggish compared to the prepandemic years, with 15.5 million square feet leased last year, about 77 percent of the average from 2011 to 2019.

— Andrew Terrell