Tuesday, October 07, 2014

Downtown Dallas’ Thanksgiving Tower lands several new office tenants

New owners of Thanksgiving Tower are spending $18 million on upgrades. (Altschuler & Co.)
Downtown Dallas’ Thanksgiving Tower – which is undergoing a major renovation – has landed several new office tenants.
Vincent Lopez Serafino Jenevein P.C. has leased 18,000 square feet on the 41st floor of the Elm Street skyscraper.  Vincent Lopez was represented in lease negotiations by Kim Butler of Hall Financial Group.
Reid, Collins, & Tsai LLP has leased 5,000 square feet on the 42nd floor. This firm was represented in lease negotiations by Dan Harris and Craig Wilson of Cassidy Turley.
Gray Reed & McGraw P.C., the Better Business Bureau and Beasley, Hightower & Harris P.C. renewed their leases in the building.
And HEMCO Operating Inc and Crutsinger & Booth expanded their existing offices in Thanksgiving Tower.
Woods Capital and an investment partner bought the 50-story tower last summer and are spending $18 million in upgrades. The City of Dallas has provided financial incentives for the upgrade of the building which was significantly vacant when Woods Capital acquired the property.
New retail space, remodeled lobby and outdoor plaza renovations will start before the end of the year and will be finished in late 2015.
Altschuler and Co. leases the building.
Santander Consumer USA Inc. previously leased 375,000 square feet on 14 floors in the building.
Two of the towers largest current tenants -  Energy firm Petro-Hunt LLC and  Gardere Wynne Sewell LLP – have announced plans to relocate from Thanksgiving Tower to Uptown