A growing commercial real estate company is moving most of its local operations to a new high-rise in downtown Dallas.
Newmark Group is taking up two floors in the recently completed Link at Uptown office tower on Olive Street north of downtown.
Newmark will combine operations currently located in three Dallas-area locations into the 25-story office tower.
“Our goal was to bring together the talented professionals of the D-FW region of Newmark under one roof in a compelling, state-of-the-art space – a workplace that evokes culture, energy and collaboration and that is simply better than working from home,” Newmark executive vice president and Texas market leader Ran Holman said in a statement. “The new space will be a showcase for the very best in commercial real estate, with top workplaces and real estate amenities to continue to attract and retain the region’s most talented professionals.
Newmark Group will now relocate its employees to offices on McKinney Avenue in Uptown, near US Highway 75 in North Dallas and on the Dallas North Tollway in Far North Dallas.
The real estate company will retain a fourth location in Plano’s Legacy business park when it moves into the new 46,338 square foot office later this year.
Newmark will join investment bank Houlihan Lokey, marketing firm PMG Worldwide and law firm Shearman & Sterling as the Link’s first tenants in Uptown. The tower is a project of Kaizen Development Partners, which also recently moved into the building.
“Newmark’s inclusion in The Link at Uptown signals their continued commitment to excellence not only in the terrific service they provide, but also in the built environment,” said Derrick Evers, Co-Founder and CEO of Kaizen Development Partners, in a statement. .
John Wolf of Newmark negotiated the lease with Sarah Kennington and Bryce Jackson at Thirty-Four Commercial and Blake Shipley at Jones Lang LaSalle.
Based in New York, Newmark Group has 170 offices with more than 6,300 professionals worldwide.
The Link at Uptown is now over 75% leased with recent leases.
Demand for offices in the Uptown neighborhood has increased over the past year after a slowdown at the start of the pandemic.
Expanding and relocating office tenants in the D-FW area leased over 900,000 square feet of office space in the first three months of 2022 – the best market demand since 2019.