Friday, January 10, 2014

Downtown Dallas’ Plaza of the Americas lands big insurance company office tenant

The Plaza of the America's central atrium was remodeled to attract more office tenants. (Steve Brown)
Insurance broker Hub International is consolidating its local office operations into a large block of space in the Plaza of the Americas complex in downtown Dallas.

The international insurance firm has rented about 40,000 square feet in the office and retail complex at Bryan and Pearl streets.

Hub International is the first major business tenant to relocate to the Plaza of the Americas since new owners M-M Properties and Invesco Real Estate began spending more than $10 million to remodel the 32-year-old property.

The largest share of the redevelopment dollars went to rebuilding the Plaza of the America’s central retail atrium.

Joel Pustmueller, Don Dowell and Barbara Houlihan of Peloton Commercial Real Estate negotiated the new office lease with Tim Terrell of Stream Realty.

Hub International is moving workers from the Tower at Cityplace and Bryan Tower to the Plaza of the Americas.