One of downtown Dallas’ greatest buildings has landed a significant new inhabitant.
California-based TripActions, a quickly developing corporate travel management firm, is taking in excess of 88,000 square feet of office space in the Renaissance Tower at 1201 Elm St.
The simply signed office deal is one of the biggest lease transactions in downtown Dallas this year and will carry many new laborers to the building.
The move will likewise more than triple TripActions’ office footprint in the Dallas region.
“TripActions’ business is booming,” Whitebox Real Estate’s president and managing director Grant Pruitt said in a statement. “This is their second office relocation with a need to expand within a year.”
The organization is moving from a smaller office at 717 Harwood St.
The 56-story Renaissance Tower is one of Dallas’ biggest office buildings with 1.7 million square feet of space. It’s second in size just to downtown’s 72-floor Bank of America Plaza.
Worked in 1974, the glass skyscraper got a makeover in 1991 that added the decorative metal towers on the rooftop.
Significant occupants in the building incorporate Neiman Marcus, Hilltop Securities, and Ernst and Young. The U.S. Environmental Protection Agency is additionally relocating its operations to the building.
Whitebox Real Estate’s Evan Hammer, David Harris, and Jade Scott negotiated TripActions’ lease with CBRE’s Dennis Barnes, Clay Gilbert, and Ben Davis.
Before picking Renaissance Tower, TripActions narrowed its list to around six locations downtown, Harris said.
“We were very focused on downtown due to the workforce here,” Harris said. “They are a growing company.
“With Uber going into Deep Ellum and the public transit, it drew them to downtown,” he said.
The organization right now has around 200 workers in the smaller Harwood Street office however plans to develop dramatically.
Established in 2015, TripActions is situated in Palo Alto, Calif. It’s simply the most recent California firm to find a significant employment center in Dallas.
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