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The Federal Deposit Insurance Corporation Leases 163k sf of Office Space in Dallas

6/25/21

The Federal Deposit Insurance Corporation (FDIC) has signed a long-term lease for 163k sf of office space at Plaza of the Americas in Dallas.Terms of the deal were not disclosed, although weíre told the lease ranks as one of the top five largest leases signed in the central business district over the last 10 years.

Plaza of the Americas is located at 600 N. Pearl St, within the Dallas Arts District. The project is a premier mixed-use development with two 25-story office towers, a Marriott hotel with 40k sf of event space, a 13-story glass atrium that features more than 20 retail and restaurant options and an indoor urban garden. The project includes onsite parking, a fitness center, a conference facility, connectivity to transit at the adjacent DART Pearl/Arts District Station with additional parking and retail options accessible via skybridges to adjacent buildings.

M-M Properties, in partnership with a separate account managed by Clarion Partners, owns the buildings. They were repped in the transaction by Transwesternís Kim Brooks, Justin Miller, Paul Wittorf and Laney Underwood. Keith Lavey, Victoria Abbasi, Charles Dilks, Matt Johnston, Kurt Stout, Connor Faught, Travis Ewert and Mary Stoner with Colliers International represented the FDIC in the lease negotiations.

The FDIC lease at Plaza of the Americas follows the recent 69.1k sf lease renewal of Thompson Coe, the 20.8k sf lease renewal of Saville Dodgen & Company and the 9k sf relocation of Estrada Hinojosa, affirming the projectís position as a strong site for firms to recruit and retain talent.





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