Friday, November 21, 2008

DowntownDallas moves to Chase Tower

The economic development group DowntownDallas said Thursday that it's moving its offices early next year to the Chase Tower on Ross Avenue.

The relocation is part of a major expansion for the organization, which promotes the central business district.

DowntownDallas will occupy 9,200 square feet of the 46th floor of the skyscraper starting in January.

"This is a strategic location downtown," said DowntownDallas CEO John Crawford. The building's owner, Houston-based Hines, and leasing agent Stream Realty of Dallas "put together a deal we couldn't refuse." The organization, which is celebrating its 50th anniversary, is now in the Adolphus Tower at 1412 Main St.

With the newest lease, Chase Tower is about 93 percent leased, said Stream Realty's Jon Altschuler.

"Getting the DowntownDallas headquarters is exciting for us because this is the kind of tenant that can drive more business for the building," Mr. Altschuler said.

Developer and investor Hines has owned the 55-story Chase Tower for about a year. The building, known for its distinctive opening in the top, is at Pearl and Ross, across the street from the Arts District.