Tuesday, April 22, 2008

Clark Consulting Bumps HQ Office to 75,000 SF

Clark Consulting Inc. has bumped its headquarters office to 75,000 sf in Downtown Dallas, adding 16,511 sf in a temporary lease to accommodate the shutdown of a 100-employee service center in Bloomington, MN. The class A space will house 75 to 90 employees, a mix of relocations and new tenants.
"This was a quick deal and it's great to be working on a deal that increases jobs in Downtown Dallas," says John Amend of locally based Amend Group, who represented Clark Consulting in its search for the extra room. He tells GlobeSt.com that Clark Consulting got its wish to expand at the 843,728-sf high rise at 2100 Ross Ave., but "we looked around at some other buildings because 2100 Ross was very, very short on available space."
Clark has 190 employees in its Dallas headquarters on floors 22 and 23 of the 33-story building. The new office will take up part of the 26th floor while Clark Consulting's team patiently waits and negotiates for another full floor or more, Amend says.
Chris Mitchell, senior vice president of Clark Consulting, says it was planned from the onset that the service center consolidation would land in Dallas. "The Dallas office is clearly larger," he explains. "We've had a long presence in Dallas and have key employees in Dallas that we wanted to retain so the most cost efficient move for us was to consolidate into the Dallas office."
Mitchell says Clark Consulting has been at 2100 Ross Ave. since 1994, with its existing headquarters lease good until 2016. "It's our home. Our main concern was to get the temporary space as quickly as possible, which is what we've done," he says, confirming talks are ongoing for additional space in the high rise. "This will do us for awhile, but we've got to look at our long-term needs and decide what's best for us." The 41-year-old company has had an office in Dallas since the late 1970s or early 1980s.
Celeste Fowden, vice president of CB Richard Ellis, represents the high rise's New York City-based owners, SMA Equities and Moinian Group, who will have nearly 200,000 sf open up in July 2009 when Ernst & Young LLP relocates to One Victory Park. Mitchell says "there are various options" in play for Clark Consulting's future at 2100 Ross Ave. And, part of the E&Y space, undoubtedly, is on the watch list.
Clark Consulting's new service center will go live May 1, thanks to an 18-month lease. The phased-in transition is expected to continue through year's end. The company's Bloomington service center is located at 3600 American Blvd. West, about five miles from the Mall of the Americas. The firm has 10 other offices in the US and will keep a location in Bloomington. Owned by Netherlands-based Aegon Co., Clark Consulting is a leading company for strategic financing and investment solutions for unfunded liabilities of executive and employee benefits.