A just-signed office lease is one of downtown Dallas’ largest in the past decade.
The Federal Deposit Insurance Corp. has leased a 163,005-square-foot office in the Plaza of the Americas at 600 N. Pearl St.
It’s the second huge downtown Dallas office lease in the past month.
“This commitment is fantastic news for downtown Dallas and is indicative of the district’s overall attractiveness,” Kim Brooks of commercial property firm Transwestern said in a statement. “Plaza of the Americas provides a truly unique office experience, with on-site access to numerous dining options, retailers and a hotel in the Dallas Arts District.
“We continue to see very positive leasing momentum on this project.”
The FDIC is moving out of an office in downtown’s Energy Plaza building on Bryan Street.
The lease at Plaza of the Americas follows recent leases there by major tenants Thompson Coe, Saville Dodgen & Co. and Estrada Hinojosa.
Built four decades ago and recently remodeled, the Plaza of the Americas includes two office buildings, retail space and a Marriott Hotel. The downtown landmark is owned by M-M Properties in partnership with Clarion Partners.
The FDIC lease was negotiated by Transwestern’s Brooks, Justin Miller, Paul Wittorf and Laney Underwood with Keith Lavey, Victoria Abbasi, Charles Dilks, Matt Johnston, Kurt Stout, Connor Faught, Travis Ewert and Mary Stoner of Colliers International.
Transwestern said the lease is one of the five largest made downtown during the past 10 years.
The FDIC lease comes weeks after insurance firm Integrity Marketing Group took about 100,000 square feet of office space in downtown’s Fountain Place tower on Ross Avenue. At the time, it was one of the largest office transactions in North Texas since the beginning of the COVID-19 pandemic.
Integrity Marketing Group is moving from the Cypress Waters development northwest of Dallas.
