Stinnett Thiebaud & Remington, a health law and healthcare litigation firm, will take over the 25th floor, recently vacated by Fountain Place's multi-floor lead tenant, Jenkens & Gilchrist. The space will be ready to go in December, driving a shift two months before the renewing firm's pacts expire for 14,000 sf on the 48th floor and 6,000 sf on the 45th level of the 1.2-million-sf high-rise at 1445 Ross Ave.
The market survey took in every class A office building in downtown and Uptown. "There was plenty of opportunity for a full floor," Steve Zimmerman, principal for Dallas-based Trammell Crow Co., tells GlobeSt.com. Crescent Real Estate Equities Co. and leasing director Kirby White scored the win with space already tailored for a law firm, some furniture and an economic incentive that couldn't be beat. "Kirby and Crescent really came to the table with an aggressive package," Zimmerman says.
With the law firm's upcoming shift, White is preparing marketing brochures for two full floors of law firm and corporate space in the 94%-leased CBD office building owned by Crescent FP Investors, led by the Fort Worth-based REIT. "I need to get the word out because people forget we have something there," he says of a building with a 5,000-sf deal in the pipeline. The open floors are the 14,000-sf 48th and 23,000-sf 27th; the quoted rent is $22.50 per sf to $26 per sf.
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