Houlihan Lokey Inks Major Lease at Uptown Dallas Tower

The Link at Uptown

Kaizen Development Partners has secured its anchor tenant for The Link at Uptown, a recently completed 291,986-square-foot office tower in Uptown Dallas. Houlihan Lokey has signed a 74,805-square-foot lease at the Class AA high-rise and will occupy the top three floors of the 25-story tower.

The global investment bank plans to move into The Link at Uptown in early 2023, joining other tenants such as PMG as well as Shearman & Sterling.

Colliers Executive Vice President Travis Ewert as well as CBRE Senior Vice President Jihane Boury represented Houlihan Lokey. Meanwhile, the landlord’s representatives were Blake Shipley, managing director with JLL, along with Thirty-Four Commercial Founder Sarah Kennington and Vice President Bryce Jackson.

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In early April, another bank inked a 110,029-square-foot lease in Uptown. Bank OZK will occupy multiple floors at Granite Properties’ upcoming 23Springs, a mixed-use development totaling 626,215 square feet that is expected to come online in 2025.

As of March, office vacancy across the Dallas-Fort Worth metro rose 20 basis points month-over-month reaching 17.3 percent, according to CommercialEdge data. While leasing activity slowed nationwide, the Metroplex’s average vacancy rate remains above the U.S. average of 15.9 percent.

A Class AA tower in Uptown Dallas

Located at 2601 Olive St., The Link at Uptown features 24,938-square-foot floorplates and multi-level parking with 876 spaces at a ratio of 3.00 spaces per 1,000 square feet. The high-rise also includes 9,335 square feet of retail space occupied by two restaurants on the ground floor.

The office tower also features an amenity level on the 14th floor, which includes overnight executive suites, a tenant lounge, a fitness center as well as an outdoor fitness area, a conference room and multiple outdoor terraces.

The Link at Uptown is easily accessible within a mile of Interstate 35E as well as the Victory DART station. In March, Stream Realty Partners broke ground on The QUAD, a 350,000-square-foot mixed-use project less than a mile northeast. Marking the developer’s largest single investment in the city, the building is anticipated to come online in early 2024. As of March, more than 5.4 million square feet of office projects were underway across the Metroplex, CommercilaEdge data shows.