Financial Services Firm Renews Uptown Dallas Lease

2100 McKinney

Carlson Capital has agreed to renew the lease for its global headquarters at 2100 McKinney, a Class AA office high-rise totaling 351,859 square feet in Uptown Dallas. The alternative asset management firm will continue to occupy the 26,386-square-foot highest level of the 19-story tower, along with a portion of the 18th floor.

Stream Realty Partners Managing Director Craig Wilson and Vice Chairman Randy Cooper represented the tenant, a long-time client, while Tommy Nelson and Clay Gilbert with CBRE worked on behalf of the landlord, MetLife Real Estate Investment.

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MetLife has owned the property since 2004, CommercialEdge data shows. Rising on more than 3 acres at 2100 McKinney Ave., the LEED Silver-certified building features a 3,600-square-foot fitness facility, on-site dining options and an outdoor amenity area with seating options.

Anchored by CBRE’s more than 100,000-square-foot global headquarters, 2100 McKinney is also home to Kainos Capital, Benchmark Bank, Insight Global and Trammell Crow Co., among others, CommercialEdge data shows.

The building is less than 2 miles north of downtown Dallas and within walking distance of The Link at Uptown, a recently completed, 291,986-square-foot office tower where several significant leases were signed in the first half of the year.

Leasing efforts across the Metroplex

Office vacancy across the Metroplex was at 17.9 percent as of June, according to a recent CommercialEdge report. Although showing a minor, 10-basis-point improvement over the month, the value was 30 basis points higher year-over-year, well above the national average (15.2 percent).

However, the year’s second quarter still saw a few large leasing deals. According to CBRE, J.C. Penney inked a 318,067-square-foot lease at The Campus at Legacy West, while Munsch Hardt Kopf & Harr P.C. signed a 15-year lease for 77,525 square feet of office space at the 1.1-million-square-foot Ross Tower with Bandera Ventures. HPI Real Estate Services & Investments and Stream Realty Partners arranged the latter deal.

Munsch Hardt plans to relocate within the building and will establish its 176 employees across floors 40, 41 and 42. The commercial law firm initially moved into the 45-story tower within the Dallas CDB in 2005, when it opted to occupy floors 36, 38 and 39 with half as many employees.

As of early 2023, Ross Tower will also be home to Grant Thornton LLP, which will relocate from Comerica Bank Tower and will occupy an entire floor at the office high-rise.