FDIC Office Lease Ranks as One of the Decade’s Largest
The Federal Deposit Insurance Corporation (FDIC) recently signed a long-term 163,005-square-foot office lease at Plaza of the Americas at 600 N. Pearl St. within the Dallas Arts District. The lease ranks as one of the top five largest leases signed in the central business district in the last 10 years.
Transwestern Real Estate Services’ Kim Brooks, Justin Miller, Paul Wittorf and Laney Underwood represented the building owners. M-M Properties, in partnership with a separate account managed by Clarion Partners, owns the buildings.
“This commitment is fantastic news for downtown Dallas and is indicative of the district’s overall attractiveness,” said Brooks. “Plaza of the Americas provides a truly unique office experience with on-site access to numerous dining options, retailers and a hotel in the Dallas Arts District. We continue to see very positive leasing momentum on this project.”
Plaza of the Americas is a mixed-use development with two 25-story office towers and a Marriott hotel with 40,000 square feet of event space in a conference facility. Transit connectivity is available at the adjacent DART Pearl/Arts District Station.
Keith Lavey, Victoria Abbasi, Charles Dilks, Matt Johnston, Kurt Stout, Connor Faught, Travis Ewert and Mary Stoner with Colliers represented the FDIC in lease negotiations.
“We were glad to be able to find an ideal solution for FDIC and to complete a complex deal in a very challenging environment makes it even more special,” said Joel McCarty, principal with M-M Properties.