{"id":1004740488,"date":"2024-12-12T05:14:18","date_gmt":"2024-12-12T13:14:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004740488"},"modified":"2024-12-17T08:08:12","modified_gmt":"2024-12-17T16:08:12","slug":"nuveen-signs-104-ksf-tenant-in-dallas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nuveen-signs-104-ksf-tenant-in-dallas\/","title":{"rendered":"Nuveen Signs 104 KSF Tenant in Dallas"},"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\/12\/Lincoln-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004740498\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nuveen-signs-104-ksf-tenant-in-dallas\/lincoln-center-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Lincoln-Center.jpg\" data-orig-size=\"1000,750\" 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;1714840642&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=\"Lincoln Center\" data-image-description=\"&lt;p&gt;Exterior shot of the Lincoln Centre in Dallas.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Lincoln Centre campus comprises three office buildings and a 500-key hotel. Image courtesy of Cushman &#038; Wakefield&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Lincoln-Center.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Lincoln-Center.jpg\" alt=\"Exterior shot of the Lincoln Centre in Dallas.\" class=\"wp-image-1004740498\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Lincoln-Center.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Lincoln-Center.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Lincoln-Center.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">The Lincoln Centre campus comprises three office towers and a 500-key hotel.<em> Image courtesy of Cushman &amp; Wakefield<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Gas firm Merit Energy Co. has signed a 104,034-square-foot lease at Nuveen Real Estate\u2019s Two Lincoln Centre, a 620,000-square-foot office building in Dallas. The company will relocate its headquarters to floors 10 to 12 within the 19-story property.<\/p>\n\n\n\n<p>Cushman &amp; Wakefield brokered the deal on behalf of both parties. To accommodate the agreement, three tenants were moved within the Lincoln Centre campus.<\/p>\n\n\n\n<p>Merit Energy will move from its current space at Galleria North Tower II, where it occupies nearly 127,000 square feet. That building, owned by DWS, encompasses more than 306,000 square feet and is less than 2 miles from the firm&#8217;s future location.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/return-to-office-traffic-reaches-record-level\/#\">Return-to-Office Traffic Reaches Record Level<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Located at 5420 Lyndon B. Johnson Freeway, Two Lincoln Centre is part of a campus that comprises three office towers and a three-story creative office facility, along with a 500-key hotel. Amenities within the Lincoln Centre complex include conference centers with video conference capabilities, a food hall, a fitness center and a park.<\/p>\n\n\n\n<p>Nuveen acquired the campus in December 2005 for $255 million, according to CommercialEdge information. MetLife Real Estate Investment sold the asset.<\/p>\n\n\n\n<p>Built in 1981, Two Lincoln Centre was completely renovated in 2004 and underwent further upgrades in 2021. The Class A high-rise features floorplates averaging 33,529 square feet and 12 passenger elevators, as well as more than 2,020 parking spaces.<\/p>\n\n\n\n<p>The property provides easy access to Interstate 635. Downtown Dallas is some 12 miles away, while the DFW International Airport is 15 miles southwest.<\/p>\n\n\n\n<p>Cushman &amp; Wakefield Vice Chair Matt Schendle, Managing Director Zach Bean and Senior Associate Mary Frances Burnette represented Nuveen, while Executive Vice Chair Jeff Ellerman and Executive Vice President John Ellerman negotiated on behalf of Merit Energy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-more-vacant-office-space-in-the-metroplex\">More vacant office space in the Metroplex<\/h2>\n\n\n\n<p>Dallas-Fort Worth&#8217;s office vacancy rate at the end of October clocked in at 23 percent, well above the 19.4 percent national index, according to a <a href=\"https:\/\/www.commercialsearch.com\/news\/coworking-spaces-evolve-for-post-pandemic-needs-commercialedge\/\">CommercialEdge office report<\/a>. The metro registered a 350-basis-point increase year-over-year in vacant space. Only Austin (27.7 percent) and Houston (24.3 percent) fared worse in the South region.<\/p>\n\n\n\n<p>In August, <a href=\"https:\/\/www.commercialsearch.com\/news\/bank-of-america-renews-554-ksf-lease\/\">Bank of America signed a 553,799-square-foot lease renewal<\/a> at Hallmark Center I in Addison, Texas. The entity occupies the whole campus owned by Office Properties Income Trust, while The RMR Group is the manager of the property.<\/p>\n\n\n\n<p>A month earlier, <a href=\"https:\/\/www.commercialsearch.com\/news\/santander-renews-211-ksf-lease-in-downtown-dallas\/\">Santander Consumer USA renewed its 211,087-square-foot lease<\/a> at 1601 Elm St. Pacific Elm Properties owns the 50-story, 1.4 million-square-foot mixed-use tower that was completed in 1981.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company will relocate to three floors at this office campus.<\/p>\n","protected":false},"author":3355,"featured_media":1004740498,"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":[32799,43901],"class_list":["post-1004740488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-latest","category-office","category-southwest","tag-cushman-wakefield","tag-nuveen-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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