Bill Brokaw, Trizec's leasing director for the high-rise, tells GlobeSt.com that he started showing the premier space to law firms when he was left with 6,000 sf above the 20th floor of the 1.7-million-sf landmark building at 1201 Elm St. "This was nice space to lease to a law firm," he says of a plan that has ended with a seven-year, flat-rate lease for 12,692 sf or a half floor.
Law firms make up the bulk of the tenant roster in the now 85%-leased high-rise. Coming in late May or early June will be Clouse Dunn Hirsch, which is relocating just a couple months before its lease expires in Chase Tower at 2200 Ross Ave.
Finish-out on the class A space in Renaissance Tower begins in early March, right on the heels of Trizec's 14-floor drop to a 6,600-sf office. Brokaw says Ren Tower made the short list with the availability of Trizec's class A space. "This was a floor high in the building. I didn't have any other space high in the building," he says.
The office boasts floor-to-ceiling glass with northern views of open land and up-close views of a freeway network and the Trinity River's development corridor which one day could include a view of a new Dallas Cowboys' stadium. The building, with a quoted rate ranging from $16 per sf to $17 per sf plus electric, neighbors the courthouse as well as a DART light-rail stop.
Paul Stockard of NAI Stoneleigh Huff Brous McDowell's Dallas office represented the law firm its search of the CBD for relocation space. Brokaw, hushed about the competition, says the short list was down to three buildings, all in the CBD. In marking the coup, Thom Ridnour, regional vice president in charge in Dallas for Chicago-headquartered Trizec, said in a press release that "we're pleased to welcome another prestigious law firm to Renaissance Tower.
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