Partners Real Estate, the leasing managers of the Dallas Arts Tower, aren’t too terribly worried about losing Deloitte to Uptown.
JJ Leonard, the company’s managing director who handles tenants at the building, said that leasing activity is still strong despite Deloitte’s departure, according to the Dallas Business Journal. The multinational accounting firm is heading to the 23Springs high-rise in the burgeoning Uptown financial district at 2323 Cedar Springs Road.
Deloitte leased 100,000 square feet in the building in 2024, and has formally moved into the space, according to the outlet. Leonard said that Deloitte’s lease in the Arts Tower expired this July. With the departure, the occupancy of the Arts Tower fell to 70 percent.
The loss of Deloitte and JPMorgan Chase in 2022 freed up 300,000 square feet of space in the building. Despite the high-profile exits, Leonard told the outlet that they’ve filled 252,000 square feet’s worth of space in the past two years, with 70 percent of that coming from tenants either renewing leases or moving in.
While financial firms and companies are racing for space across Klyde Warren Park, Partners is positioning their 55-story tower at 2200 Ross Avenue as a cheaper alternative with the lion’s share of the perks of proximity to the growing economic center. The Dallas Arts Tower is a brisk walk away from the park that separates Uptown and Downtown Dallas. Additionally, owners Fortis Property Group shelled out $15 million for renovations at the building earlier this year, which included a 2,000-square-foot public art gallery.
Across the park, 23Springs co-owners Granite Properties and Highwoods Properties announced that their building is 93 percent leased as of July. The duo said that they’ve brought on international law firm King & Spalding, the global asset management portion of Prudential Financial, PGIM and a mystery tenant. Both named tenants are set to move in during 2027.
— Hunter Cooke
