Tech-based office brokerage company establishes Dallas headquarters at Northwood Tower
JLL secures new office lease at recently-renovated tower
DALLAS, April 21, 2020 – JLL announced today the firm successfully negotiated a new office lease at Northwood Tower, located at 5757 Alpha Road in Dallas, with technology enabled office brokerage firm TenantBase. Northwood Tower will serve as the company’s new Dallas headquarters.
JLL’s Trevor Franke and Andrew Scudder represented the property’s ownership group, RTG Capital and Gault Company, on behalf of AMT Redevelopment, LP, in the negotiations. TenantBase’s Shawn Hall and Brad Beutel represented the new tenant.
“We’re thrilled to welcome TenantBase to Northwood Tower’s roster of tenants,” said Franke. “Recent upgrades to the property, in addition to its great central location and the abundant retail options nearby, has really established Northwood Tower as an enticing office option for perspective tenants and an attractive place to work for their perspective employees.”
“Dallas is one of our largest offices and very strategic to our national footprint across the country,” said TenantBase COO and Co-Founder Mike Zei. “As North Texas continues to grow, it was imperative that our next office be north to extend our market knowledge to the new opportunities of commercial real estate product for our tenant rep clients. Northwood Tower not only overlooks the new Midtown Development, but it also provides easier access to the growing commercial market north of the Dallas Central Business District. The building’s updates, location and amenities make it a compelling option for our clients looking to lease office space.”
Northwood Tower recently completed major capital improvements to the property, including upgrades to the lobby, tenant lounge, conference room, grab-n-go deli, corridors and restrooms. Ownership also added a round of spec suites to the office property, two of which were combined to create TenantBase’s new 5,204-square-foot office space.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.