A new office tower on the rise in Uptown has its first tenant, a firm already very familiar with the project site.
Chicago Title will occupy 20,000 square feet of office space in The Quad, the 12-story tower Dallas-based Stream Realty Partners is building at Howell and Routh streets in Uptown. The global title insurer has had 15,600 square feet of office space in 2828 Routh St., an existing building on the same block as The Quad, for more than a decade. It will leave that space once the new building is complete.
Clark Pulliam, director of operations and counsel at Chicago Title, said the new office development will make the commute “well worth it” for employees. The company’s national commercial services unit is based in Dallas and deals with transactions across the globe.
“We’ve found that the recipe for recruiting and retention success is giving our employees an enjoyable and high-quality work environment,” Pulliam said in a statement. “The amenities at and around The Quad give us the freedom to enjoy a meal with clients, go to a team happy hour or hit the gym — all within walking distance. Its central location and accessibility to many major thoroughfares is well-suited and enjoyable for our employees who commute from across the metroplex.”
The 345,000-square-foot building is expected to be complete in the first quarter of 2024. It will have a penthouse amenity club with an outdoor terrace and a conference center, as well as underground parking, a bike valet and a fitness studio. Five free-standing retail buildings will surround the property.
Stream’s Ryan Evanich and Marissa Parkin represent the property for lease. Campbell Henry of Lincoln Property Co. helped broker the deal.
Ramsey March, executive managing director of development for Stream, said the firm is engaged with prospective tenants outside of Chicago Title.
“As we watch The Quad come to life, seeing the response from tenants across a variety of industries is very rewarding for our team,” March said. “We are grateful that a company of Chicago Title’s caliber understood the vision and committed so early to the project.”
Stream broke ground in March on the project, which is a redevelopment of the Quadrangle, first built in 1966 as a Southwestern-style compound of unique shops and small office spaces. A redevelopment in the 1980s added an office building and changed the original exteriors of most of the buildings.
MSD Partners LP, an investment fund created by Austin billionaire Michael Dell, is financing the development.