Worldwide Express Moves Dallas HQ

The Stack Deep Ellum. Image courtesy of Westdale Real Estate Investment and Management

Worldwide Express is relocating from its current home at One Victory Park to another Dallas office development, the newly completed, 214,936-square-foot The Stack Deep Ellum. The landlord, a joint venture including Westdale Real Estate Investment and Management, Ivanhoé Cambridge and Hines, signed a 10-year lease for a 24,480-square-foot space with the logistics company.

Transwestern represented the tenant, while ALT+CO worked on behalf of the joint venture in the lease negotiations. The tenant will occupy the 15th floor of the property. The newly inked lease follows an 11-year, 42,000-square-foot lease singed by the owners with a life insurance company, Bestow, in August.

The Stack Deep Ellum

The partnership broke ground on the 16-story, mixed-use office complex in January 2020 and financed construction with a $64.6 million loan originated by Bank OZK, CommercialEdge data shows. The Stack Deep Ellum also includes a 14,662-square-foot retail component and is proposed for LEED Core & Shell, Fitwell as well as WELL certification.

Located on less than an acre at 2700 Commerce St., the office tower includes floorplates between 26,804 and 30,038 square feet. The Class A property offers an amenity terrace on the 10th floor, private tenant balconies, a fitness center, a board room along with a lounge equipped with coffee and cocktail bars.

The Stack Deep Ellum is within a mile of the Dallas Downtown Historic District in the South Dallas submarket, which is the Metroplex’s best-performing submarket for office vacancy. The figure dropped 180 basis points in September, 20 basis points below the Metroplex’s average.