Commercial property firm is the latest tenant in new Uptown Dallas high-rise

A growing commercial property firm is shifting most of its local operations to a new Uptown Dallas high-rise.

Newmark Group is taking two floors in the recently completed Link at Uptown office tower on Olive Street north of downtown.

Newmark will combine operations currently located in three Dallas-area locations in the 25-story office tower.

“Our goal was to bring together Newmark’s talented D-FW area professionals under one roof in a compelling and cutting-edge space — a workplace that evokes culture, energy and collaboration and simply is better than working from home,” Newmark executive vice president and Texas market leader Ran Holman said in a statement. “The new space will be a showcase for the best-of-the-best in commercial real estate — with top-tier workplace and property amenities to continue to attract and retain the region’s most talented professionals.”

Newmark Group will move workers who are now in offices on McKinney Avenue in Uptown, near US Highway 75 in North Dallas and on the Dallas North Tollway in Far North Dallas.

The real estate company will keep a fourth location in Plano’s Legacy business park when it relocates to the new 46,338-square-foot office at the end of this year.

Newmark will join investment bank Houlihan Lokey, marketing firm PMG Worldwide and law firm Shearman & Sterling as the first tenants at The Link at Uptown. The tower is a project of Kaizen Development Partners, which also recently moved to the building.

“The inclusion of Newmark at The Link at Uptown signals their continued commitment to excellence, not just in the tremendous service they provide but also in the built environment,” Derrick Evers, co-founder and CEO of Kaizen Development Partners, said in a statement .

Newmark’s John Wolf negotiated the lease with Sarah Kennington and Bryce Jackson at Thirty-Four Commercial and Blake Shipley at Jones Lang LaSalle.

Based in New York, Newmark Group has 170 offices with more that 6,300 professionals worldwide.

The Link at Uptown is now more than 75% leased.

Demand for office space in the Uptown area has surged in the last year following a slowdown during the early days of the pandemic. Expanding and relocating office tenants in the D-FW area net leased more than 900,000 square feet of offices in the first three months of 2022 — the best market demand since 2019.

Related:Three new towers will add to Uptown Dallas building boom