DALLAS-The Dallas-Ft. Worth office market has slowed, but it’s not at a standstill. Five pacts, totaling 33,538 sf, have closed for class A space in the corridor from Plano to Dallas.

“People still need space. The rates are lowering and leasing agents are creative,” David Painter, vice president of Dallas-based Stream Realty Partners LP, tells GlobeSt.com. Painter has closed three of the five deals.

Providence Towers, situated at 5001 Spring Valley, is getting the Silvera & Associates law firm in a direct lease instead of its present sublease. And, Silvera gets one of the best views in the city, snagging the arch of the high-profile Providence Tower. The firm has signed a 6,483-sf lease. In another class A signing, the Easely & Marquis law firm will be moving into 6,000 sf at the Legacy Bank Building at 5000 Legacy Dr. in Plano.

Painter represented the law firms. Matt Hurlbut of Chicago-based Transwestern Commercial Services’ Dallas office acted for Providence Towers Joint Venture, a Texas general partnership, in the Silvera signing. Kurt North of Dallas’ Trammell Crow Co. represented Legacy Bank, the class A building owner, in its new pact. Build out is under way for both law firms, which are planning November move-ins.

Also at Providence Towers, Jeff Ablard of Henry S. Miller Commercial in Dallas has sealed a 1,072-sf sublease spot on behalf of Venetian Resort, Hotel and Casino. Chris Mason of Dallas-based Jackson & Cooksey acted for the new tenant, TCI Cablevision of Dallas or better known as ATT Media.

Preston Commons in Dallas held onto a 10-year tenant in a 16,601-sf renewal, says Painter. Jeff Schweitzer, a Stream senior associate, assisted Painter in the lease negotiations for Wiser Oil Co. Building owner Equity Office used in-house broker Michael Dudley for the talks.

In Carrollton, Progemme Underwriter LLC is taking 3,382 sf at 2611 Westgrove. Ablard and Jim Turano, also with Henry S. Miller’s Dallas team, represented the tenant. The John Dryden Co. of Dallas acted on behalf of building owner, Drybern III Ltd.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.