Law Firm Expands Dallas Office Footprint

Law firm Jackson Walker LLP has extended and expanded its office footprint at Masaveu Real Estate’s KPMG Plaza in Dallas to a total of 147,915 square feet. Under the new lease, the company will occupy nearly six floors at the 500,000-square-foot property. Stream Realty Partners represented the owner, while CBRE negotiated on behalf of the tenant.

Jackson Walker relocated its offices to KPMG Plaza upon its 2015 completion and became one of the building’s anchor tenants. The roster also includes Bell Nunnally & Martin LLP, UMB Bank and KPMG.

A Class A office building in Dallas

Masaveu acquired the Class A office mid-rise in 2019 for $240 million from Civitas Capital Group, according to CommercialEdge information. A $111.7 million loan originated by Wells Fargo Bank financed the transaction.

Located at 2323 Ross Ave. in Dallas’ Arts District, the 18-story building features 26,000-square-foot floorplates and 20,000 square feet of retail space. Amenities at the LEED-Gold certified property include a fitness center and covered parking, as well as 24-hour security.

KPMG Plaza is near Interstate 345 and Highway 366, adjacent to a luxury hotel and within walking distance of Klyde Warren Park.

Stream Managing Director Matt Wieser, Executive Vice President J.J. Leonard and Senior Vice President Marissa Parkin worked on behalf of the ownership. CBRE Vice Chairman Phil Puckett and former Vice Chairman Jeff Ellerman—now Executive Vice Chairman at Stream—represented Jackson Walker.

Earlier this week, Stream became the exclusive leasing agent for Piedmont Office Realty Trust’s office campus in Irving, Texas. Leonard is part of that brokerage team as well.