Mortgage Firm Extends, Expands Dallas Lease

By Razvan Cimpean

Browning Place I in Dallas

Pacific Union Financial renewed its 88,000-square-foot lease at Browning Place II in Dallas. Additionally, the mortgage company expanded its footprint by 44,000 square feet at neighboring Browning Place I.

Located at 1601 and 1603 Lyndon B. Johnson Freeway, the two buildings offer convenient access to Interstate 35E. The assets are part of the Browning Place office campus, which consists of three eight-story buildings totaling more than 600,000 square feet. Tenants include Fusion Solutions, SunRidge Management Group and NBL. Completed in phases from 1981-1984, the property features more than 2,500 parking spaces.

JLL’s Steve Thelen, managing director, and Conor McCarthy, vice president, negotiated the extension and expansion on behalf of the tenant. Transwestern’s Duane Henley represented the owner. Earlier this year, JLL also negotiated a 4,600-square-foot office lease for HeartSciences, a medical device manufacturer, in Southlake.

“We are excited to work with the landlord on the ongoing enhancements to our leased premises, as well as the upgrades to the lobby and the on-site café,” Scott Siek, vice president of facilities and real estate at Pacific Union Financial, said in a prepared statement.

According to Yardi Matrix data, Pillar Income Asset Management acquired the office campus in 2007 from Brandywine Realty Trust. Regis Property Management is the property manager, while Transwestern is in charge of leasing.

Image courtesy of JLL