A new Deep Ellum business tower has crammed up with a lease from a Dallas advertising business.
TRG — previously the Richards Group — is getting far more than 100,000 sq. toes of offices in The Stack developing on Commerce Road.
The shift to the developing just east of downtown will come months immediately after the advertising and marketing firm’s longtime headquarters on North Central Expressway was marketed to a group of investors.
TRG’s new place of work in Deep Ellum is a lot less than fifty percent the size of its old headquarters tower in the Cityplace progress north of downtown.
“TRG is a Dallas agency by and as a result of, and we selected earlier this calendar year to build on our successful refresh in 2021 by joining The Stack Deep Ellum,” TRG CEO Glenn Dady explained in a assertion. “The neighborhood’s energy and the exhilaration of the surrounding flourishing companies in the heart of the town we really like make it the fantastic area to continue developing creatively in a one of a kind place that places us at the forefront of the advertising landscape. We’re thrilled to shift to our new household early upcoming yr.”
Designed by Houston-based mostly Hines with Dallas’ Westdale True Estate Expense and Management and trader Ivanhoé Cambridge, the Stack is a 16-tale making at 2700 Commerce St. The lessen floors of the constructing involve retail and a parking garage.
“We are thrilled to announce that The Stack is 100% leased much less than a yr pursuing its opening in May well 2021,” Westdale president Joe Beard explained in a statement. “The project’s connectivity-centric areas coupled with an unmatched area in 1 of the city’s most genuine and energetic neighborhoods develop a accurate community, and TRG will be a dynamic addition to the constructing and the spot.”
Other business office tenants in the new developing consist of insurance plan agency Bestow Inc. and Hines.
The Stack has 15,000 sq. feet of floor floor retail space and extra than 210,000 square ft of places of work.
The constructing lured businesses with its area around downtown and deluxe tenant amenities together with a health and fitness heart and out of doors terrace on the 10th flooring.
Robert Blount and Andy Leatherman of Jones Lang LaSalle negotiated the TRG lease with Altschuler + Co.
“We glance forward to looking at TRG’s vivid long run unfold in this new room,” Hines senior running director Ben Brewer reported in a assertion.
The 18-story Richards Group superior-rise overlooking North Central Expressway in Uptown was obtained in January by a partnership of Dallas-based mostly business assets business OliveMill Holdings, Hunt Realty Investments and New York-based Angelo Gordon.
Developed in 2015, the 250,000-square-foot office environment building was built to property the headquarters of the Dallas advertising and marketing and advertising organization.
The advertising and marketing company started chopping personnel in 2020 immediately after it missing main accounts due to controversial opinions by founder Stan Richards, who has left the company.