John Hancock Takes 9,405-SF, Class A Office

The office search focused solely on class A buildings in North Dallas. The operation's new managing partner Joe Mahoney "wanted a premier, highly visible location," says Art Green, managing director in Studley's Dallas office. The long-term, stair-stepped lease for the 5005 LBJ Freeway high rise includes a 13th floor finish-out that compares to "brand-new space. It's an extensive enough remodel that it's ground up," he tells GlobeSt.com. "This ended up being perfect, right in the crosshairs of Dallas."

The regional team now offices in a single-tenant, single-story building at 14228 Midway Rd. Green says the move factors out to nearly the same size office, but the configuration will allow the operation to add 15 representatives to the 38-employee staff by year's end.

"Dallas is our flagship office in the state of Texas and in the Southwest and we are looking to expand and have a larger presence in the Metroplex," Mahoney says in a press release. To sweeten the deal, John Hancock Financial also won a berth on the monument sign at the corner of LBJ Freeway and Dallas North Tollway.

Kathy Permenter and Burson Holman with Grubb & Ellis Co. in Dallas represent the Houston-based building owner, Occidental Tower Corp. The 540,514-sf, 24-story high rise has a quoted annual rate of $25 per sf, with 79,388 sf on the market for lease.