Law firm relocates to Bank of America Plaza in Downtown Dallas
JLL secures new Dallas Headquarters for Kane Russell Coleman Logan PC
DALLAS, April 13, 2019 – JLL announced today the successful negotiation of a new long term multi-floor office lease on behalf of Dallas-based law firm Kane Russell Coleman Logan PC. The firm is relocating their Dallas headquarters from Thanksgiving Tower to a completely renovated space containing approximately 45,000 square feet in Bank of America Plaza, located at 901 Main Street in downtown Dallas.
JLL Managing Director Brooke Armstrong, Executive Vice President Andy Leatherman and Associate Maggie Birnbach represented the office tenant. Peloton’s Joel Pustmueller and Russ Johnson represented the landlord, Metropolis Investment Holdings.
“The competition to recruit and retain top talent in Dallas-Fort Worth is fierce for all industries, especially for law firms,” said Armstrong. “Kane Russell Coleman Logan has been extremely thoughtful and strategic in evaluation of their long-term office solution. Bank of America Plaza provides proactive management and a technologically advanced building infrastructure which supports the evolving technology needs of today's law firms.”
“As Kane Russell Coleman Logan continues to implement their strategic plan, we believe this new office solution will position them for continued growth and a competitive economic advantage,” said Armstrong.
"Bank of America Plaza allows our Firm to not only maintain its commitment to the Dallas CBD, but offer covered parking at above-market parking ratios, dining, wellness and other amenities at significantly enhanced levels to our attorneys, staff and clients,” said Raymond Kane, a Founding Director of Kane Russell Coleman Logan PC. “Comparable amenities are only found at buildings outside of the Dallas CBD, and at much higher rental rates. We must be able to control our rate structure, to remain competitive and best serve our target clientele. Our move to BOA Plaza allows us to achieve those goals, and at the same time offer a vastly enhanced experience to all our stakeholders. Everyone at KRCL wishes to express gratitude, not only to the expert leasing teams at JLL and Peloton for making the transaction happen, but to our design and construction consultants, for their critical roles in developing this cutting edge space, including Sheila McCarter and her team at Bauhaus Interiors, the commercial interior design team at CallisonRTKL Architects led by Rina Burnett, and Mitch Paradise of Stillwater Construction Management.”
According to the JLL Law Firm Perspective, law firms are a major driver of activity in downtown Dallas, which has historically served as a hub for professional service industries thanks to the abundance of top-of-line office offerings at competitive rental rates. The submarket recently has seen an increase in new amenities coming online, new Class A office properties under construction and capital improvements to established assets in order to attract and retain tenants.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com