{"id":1004798208,"date":"2026-05-08T11:54:56","date_gmt":"2026-05-08T19:54:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004798208"},"modified":"2026-05-11T06:12:23","modified_gmt":"2026-05-11T14:12:23","slug":"orion-properties-lands-full-building-tenant-near-dallas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/orion-properties-lands-full-building-tenant-near-dallas\/","title":{"rendered":"Orion Properties Secures Full-Building Lease Near Dallas"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a0727e4cad2f&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004798209\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/orion-properties-lands-full-building-tenant-near-dallas\/6655-macarthur-blvd\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/6655-MacArthur-Blvd.png\" data-orig-size=\"800,620\" 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=\"6655 MacArthur Blvd\" data-image-description=\"&lt;p&gt;Image sent with Press release from Bailey Webb of C&#038;W&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;6655 MacArthur Blvd., was originally built in 1997 and Orion Properties acquired it in 2010. Image courtesy of Cushman &#038; Wakefield &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/6655-MacArthur-Blvd.png?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/6655-MacArthur-Blvd.png\" alt=\"Aerial of 6655 MacArthur Blvd. in Irving, Texas\" class=\"wp-image-1004798209\" style=\"width:393px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/6655-MacArthur-Blvd.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/6655-MacArthur-Blvd.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/6655-MacArthur-Blvd.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">6655 MacArthur Blvd. was originally built in 1997, and Orion Properties acquired it in 2010. <em>Image courtesy of Cushman &amp; Wakefield <\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Mercury One, a Texas-based nonprofit, has signed a 172,089-square-foot lease at 6655 MacArthur Blvd. in Irving, Texas, occupying the full building. Orion Properties owns the property, which is part of the larger Las Colinas master-planned development. Cushman &amp; Wakefield represented the owner.<\/p>\n\n\n\n<p>This lease is the largest new office lease in Las Colinas since 2021, according to Cushman &amp; Wakefield, and the asset was vacant prior to the lease agreement. Mercury One and The American Journey Experience plan to use the space for a history museum and event center, Steven Palmesi, manager of investments at Orion Properties, said in prepared remarks.<\/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>LISTEN TO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/step-into-my-office-dallas-vs-national-what-makes-the-market-shine\/\">Dallas vs. National. What Makes the Market Shine?<\/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>Orion purchased the three-story asset in 2010 from iStar for $22.3 million, or $129.19 per square foot, according to Yardi Matrix. 6655 MacArthur Blvd. came online in 1997 with Champion Partners as the owner.<\/p>\n\n\n\n<p>The larger development spans 12,000 acres and was originally founded in 1973 by Ben Carpender. Las Colinas features a mix of residential, commercial, retail and educational assets. Last May, DFW LAND purchased Corporate Point, a 242,000-square-foot 10-story located in the development. The Irving Convention Center anchors the Urban Center, the business district of the campus.<\/p>\n\n\n\n<p>Multiple DART stations can be found across the campus and the MacArthur at Fluor bus stop is outside the office building. Dallas-Fort Worth International Airport is less than 7 miles away from the property. &nbsp;&nbsp;<\/p>\n\n\n\n<p>Cushman &amp; Wakefield Vice Chairman Matt Schendle and Senior Associate Mary Frances Burnette represented Orion Properties in the transaction. Mercury One was represented by Senior Director Steve Wentz.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-dallas-office-sector-shows-strength\">Dallas office sector shows strength<\/h2>\n\n\n\n<p>The Dallas office sector showed signs of strength in the first quarter of 2026, particularly in vacancy and leasing activity, according to a Cushman &amp; Wakefield MarketBeat report. The metro recorded a 24.5 percent vacancy rate, down 100 basis points year-over-year. Leasing activity reached 3.3 million square feet during the quarter, marking a 17.9 percent increase from the previous quarter.<\/p>\n\n\n\n<p>In January 2026, Provident Realty Advisors Inc.&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/provident-buys-dallas-office-building-for-new-hq\/\">purchased One Triumph Place<\/a> in nearby Dallas. Provident will occupy one floor of the 257,000-square-foot asset as the company\u2019s headquarters when it moves in later this year. Following the acquisition, the property was rebranded to One Provident Place.<\/p>\n\n\n\n<p>Last month, Balfour Beauty <a href=\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lands-tenant-at-dallas-tower\/\">signed a 35,139-square-foot lease<\/a> at One Victory Park. Cushman &amp; Wakefield\u2019s Schendle represented the owner, Clarion Partners, in that transaction as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A nonprofit will open a museum and event center at the site.<\/p>\n","protected":false},"author":3749,"featured_media":1004798209,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1586,23891,21742,21747],"tags":[32799,52858],"class_list":["post-1004798208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-national","category-latest","category-office","tag-cushman-wakefield","tag-orion-properties"],"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>Orion Properties Secures Full-Building Lease Near Dallas - 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