Hana’s Dallas Location is First of Many

DALLAS—CBRE Hana LLC, a wholly owned subsidiary of CBRE Group Inc., has officially opened its first flagship location called Hana PwC Tower at Park District. The location, within a new development project by MetLife Investment Management and Trammell Crow Company, offers flexible office leasing for large enterprises, mid-tier companies and startups. This is the first location for Hana, with more planned in the United States and the United Kingdom in 2019.

“Dallas is one of the country’s highest-growth cities and we’re looking forward to providing both building owners as well as companies with a new and flexible workspace to take advantage of this growth,” says Andrew Kupiec, CEO of Hana. “This location will serve not only as a great new option for Dallas, but as a showpiece space we plan to make available in key markets around the world.”

Hana at Park District occupies two and a half floors totaling more than 67,000 square feet at PwC Tower at Park District. PwC Tower is comprised of more than 500,000 square feet of class-A office space and amenities.

It is part of a two-tower mixed-use development, Park District, with more than 900,000 square feet of office space, restaurants and luxury residences. Park District is near downtown Dallas, the Arts District, Uptown and Klyde Warren Park.

“Hana was spun out of CBRE late last fall on a mission to provide a flex workspace offering that provided better transparency and partnership for asset owners, while offering a workspace design and service aimed at enabling performance and accomplishment for corporate teams and large enterprises,” Kupiec tells GlobeSt.com. “For owners, Hana offers a variety of deal arrangements from simple lease structures to joint ventures. For tenants, Hana offers a blend of dedicated team spaces, meeting rooms and open-floor individual seating–all designed to help people and teams accomplish their goals. The company has plans to eventually be in the top 25 markets globally, and more announcements are expected in the coming weeks.”

Hana’s core offering is Hana Team, which provides private office suites that meet the needs of high-growth organizations and large corporate users of office space. Hana Team combines the benefits of flexible space with the amenities, technology, thoughtful space design, and control over branding and culture that sophisticated companies require.

Each Hana unit also features two other offerings, Hana Meet and Hana Share. Hana Meet provides conference room and event space that can be reserved on an hourly, daily or weekly basis. Hana Share provides traditional co-working space in which users share services, amenities and technology in a communal setting.

“The team at Hana has developed a first-rate space that is in high demand as more and more companies experience its layout, design, amenities and service,” said Kurt Day, managing director with MetLife Investment Management. “We’re excited to have Hana at Park District and think they are a great fit for the project.”

Hana, announced in late 2018, helps institutional property owners meet the rapidly growing demand for flexible office space solutions. Hana offers a range of partnership solutions for real estate investors that include Hana designing, building and operating the facilities/services.

In 2018, a typical co-working space had on average around 80 members, working at 70 desks spread over an area of around 8,500 square feet, according to Deskmag. Compared to the previous year, the space and number of desks have increased by more than 20%, significantly more than the number of members (+10%). Taking all extreme values into consideration, a co-working space now roughly provides 120 desks and 16,000 square feet for 160 members, says the report.