Fountain Place is getting a new tenant. In April, Hallet & Perrin PC will relocate from its current home in Bryan Tower to 23,427 square feet in Fountain Place, where it will occupy the entire 24th floor.
Kirby White with Crescent Real Estate represented the property owner in lease negotiations. Paul Whitman and Brad Selner with Jones Lang LaSalle represented the law firm.
Randy Roberts, managing shareholder at Hallett & Perrin, said in a statement that the move will help the firm achieve its customer-satisfaction goals. “Fountain Place is “an iconic Dallas landmark, conveniently located, and offers all of the amenities of the culturally-rich Arts District,” he said. “It suits us perfectly.”
Another Fountain Place tenant, Tenet Healthcare Corp., is expanding its presence in the iconic tower, adding another full floor (the 28th) to its existing lease. Phil Puckett of CB Richard Ellis represented Tenet in negotiations. The property owner was represented by White. The additional 22,121 take Tenet’s presence in the building to about 187,000 square feet.
The two deals take the 1.2 million-square-foot tower to 88 percent occupied, he said. Our “lease rate is one of the highest in downtown Dallas, and we achieved LEED Silver certification on the heels of being awarded the 25-Year Award by the Texas Society of Architects,” White said. “It’s been a great year.”
Fountain Place, a 60-story tower at the corner of Ross Avenue and Field Street in downtown Dallas, was sold by Crescent last fall to JP Morgan Asset Management, as part of a portfolio buy that also included The Crescent in Uptown and Trammell Crow Center in downtown Dallas. In December, Cassidy Turley was selected to lease and manage Fountain Place. Stream Realty Partners was tapped to handle Trammell Crow Center, and Crescent Real Estate was retained to lease and manage The Crescent.
