{"id":1004723171,"date":"2024-07-30T01:49:04","date_gmt":"2024-07-30T09:49:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004723171"},"modified":"2024-07-30T01:55:45","modified_gmt":"2024-07-30T09:55:45","slug":"law-firm-renews-downtown-dallas-office-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/law-firm-renews-downtown-dallas-office-lease\/","title":{"rendered":"Law Firm Renews Downtown Dallas Office Lease"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Aerial-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" data-attachment-id=\"1004723172\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/law-firm-renews-downtown-dallas-office-lease\/aerial-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Aerial-1.jpg\" data-orig-size=\"1200,900\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Founders_Square_Stream_Realty_Partners\" data-image-description=\"&lt;p&gt;Property at 900 Jackson St., Dallas&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Founders Square opened more than a century ago operating as a warehouse at the time. Image courtesy of Stream Realty Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Aerial-1.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Aerial-1.jpg\" alt=\"Property at 900 Jackson St., Dallas\" class=\"wp-image-1004723172\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Aerial-1.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Aerial-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Aerial-1.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Aerial-1.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/a><figcaption class=\"wp-element-caption\">Founders Square opened more than a century ago operating as a warehouse at the time. <em>Image courtesy of Stream Realty Partners<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Cooper &amp; Scully has renewed its 47,900-square-foot commitment at Charter Holdings\u2019 Founders Square, a historic 274,010-square-foot office building in downtown Dallas. The litigation firm has the largest footprint and has been a part of the roster since 2013.<\/p>\n\n\n\n<p>Stream Realty Partners, which was recently <a href=\"https:\/\/www.commercialsearch.com\/news\/stream-realty-tapped-to-lease-570-ksf-in-dallas\/\">appointed as exclusive leasing broker and manager<\/a> of the building, and CBRE handled the renewal proceedings on behalf of the landlord and law firm, respectively.<\/p>\n\n\n\n<p>The 1914-built property debuted as a warehouse for the Higginbotham-Bailey-Logan Co. dry goods company. In 1984, it was converted into an office building. <a href=\"https:\/\/www.commercialsearch.com\/news\/charter-holdings-acquires-historic-dallas-office\/\">Charter Holdings purchased the asset<\/a> last year from Fidelity Commercial, a Taiwanese investment firm.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/office-visits-continue-to-improve\/\">Office Visits Continue to Improve<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>The seven-story Founders Square features 35,500-square-foot floorplates, a skylit atrium-style lobby, an on-site deli, a conferencing facility, as well as a newly renovated garage providing the highest parking ratio in Dallas\u2019 Central Business District. Charter plans to further renovate and upgrade the building.<\/p>\n\n\n\n<p>Located at 900 Jackson St., the property is within walking distance of several parks, quick-service restaurants and transit stops. The Metroplex\u2019s Giant Eyeball watches over the mid-rise from less than 1 mile away. \u00a0<\/p>\n\n\n\n<p>Stream Realty Partners Managing Director Rhett Miller and Associate Sam Bass represented Charter Holdings, while CBRE Executive Vice President John Ellerman and Vice Chairman Jeff Ellerman&nbsp;led the negotiations on behalf of Cooper &amp; Scully.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-class-a-office-space-is-in-high-demand\">Class A office space is in high demand<\/h2>\n\n\n\n<p>At the end of 2024\u2019s second quarter, Dallas-Fort Worth\u2019s office vacancy rate rose by 60 basis points quarter-over-quarter and landed at 22.0 percent, according to a report by Cushman &amp; Wakefield. The report partially attributes this increase to several speculative projects that debuted this quarter. <\/p>\n\n\n\n<p>Two such developments are <a href=\"https:\/\/www.commercialsearch.com\/news\/stream-opens-uptown-dallas-office-tower\/\">Stream Realty Partner\u2019s The Quad<\/a>, a 12-story office building in Dallas, as well as The Tower at Hall Park, a AAA office tower in Frisco, Texas, part of <a href=\"https:\/\/www.commercialsearch.com\/news\/hall-group-launches-7b-mixed-use-project\/\">Hall\u2019s $7 billion master plan<\/a>. The pair of properties total 732,371 square feet and were 16.9 percent leased upon delivery.<\/p>\n\n\n\n<p>Net absorption totaled negative 950,409 square feet during the second quarter and negative 3 million square feet year-to-date through June. However, <a href=\"https:\/\/www.commercialsearch.com\/news\/quality-is-the-future-of-office-says-kbs-executive\/\">the flight-to-quality trend<\/a> drove demand for <a href=\"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-prime-office-building-landscape\/\">prime office space<\/a> in Class A properties, as 1.3 million square feet of leases were inked in the second quarter\u201465.1 percent of all leasing activity.<\/p>\n\n\n\n<p>Another Dallas office lease renewal took place earlier this month. <a href=\"https:\/\/www.commercialsearch.com\/news\/santander-renews-211-ksf-lease-in-downtown-dallas\/\">Santander renewed its 211,087-square-foot lease<\/a> at Pacific Elm Properties\u2019 1601 Elm St., a 1.4 million-square-foot mixed-use tower.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tenant&#8217;s nearly 48,000-square-foot commitment is the largest at the property.<\/p>\n","protected":false},"author":3471,"featured_media":1004723172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1586,21742,21747,51973],"tags":[32789,52331,33358],"class_list":["post-1004723171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-latest","category-office","category-southwest","tag-cbre","tag-charter-holdings","tag-stream-realty-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Law Firm Renews Downtown Dallas Office Lease - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Cooper &amp; 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