Dallas PwC Tower Lands 28 KSF Lease

Law firm Barnes & Thornburg will occupy the seventh floor of the 20-story Dallas high-rise in September 2018. The tower is part of the Park District mixed-use development that also includes luxury apartments and retail spaces.

By Jeff Hamann

Rendering of Park District in Dallas

Trammell Crow has signed a lease with law firm Barnes & Thornburg to occupy 28,000 square feet in the firm’s PwC Tower at Park District. Currently under construction, the 500,000-square-foot Class A Dallas office high-rise is scheduled for completion in the second quarter of this year, according to Yardi Matrix data. Barnes & Thornburg plans to move out from its current location—next door to the development—in September, once the build-out of its new space is complete.

Located at 2121 N. Pearl St. in Dallas’ Uptown/Oak Lawn submarket, the 20-story building is part of the larger, 916,000-square-foot mixed use Park District development, which will also include 228 luxury apartments and 20,396 square feet of retail—7,000 of which will be at the ground floor of the PwC Tower. The high-rise, anticipated to achieve LEED Gold certification, sits across the street from Klyde Warren Park and offers immediate access to the DART transit system and the Woodall Rodgers Freeway.

“The building and location are the best in Dallas and we believe that it will help us continue to compete for the best legal talent,” said Mark Bayer, managing partner of Barnes & Thornburg’s Dallas office, in a prepared statement. “Although Barnes & Thornburg has been in Dallas for less than three years, we hope that this move sends the clear message that we are here to stay.”

CBRE’s Dennis Barnes, Clay Gilbert and Shannon Brown represented the owner in the lease transaction, with Phil Puckett and Harlan Davis, also with CBRE, acted on behalf of the future tenant.

Trammell Crow owns the HKS-designed mixed-use project in a joint venture with MetLife Investment Management, with Balfour Beatty acting as general contractor.

Image courtesy of Trammell Crow Co.

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