A new Uptown Dallas office tower has landed a main tenant. It is component of a big enlargement by North Texas-based promotion and advertising company PMG Throughout the world.
The firm has leased pretty much 50,000 sq. ft of business office area in the new Connection at Uptown tower just north of downtown Dallas on Olive Road. The enterprise formerly had a smaller sized office on Oak Garden Avenue.
PMG also is introducing to its Fort Truly worth business with an added 11,000 sq. ft of workplaces at 2845 W. 7th St.
The company strategies to expand its nationwide workplaces by 91,000 square toes soon after virtually doubling its workforce in 2021.
“After above two years of remote get the job done, we know digital environments are unable to switch the innovation and collaboration that takes place when we are all jointly with a shared objective, and our personnel are enthusiastic to get back again to remaining in man or woman,” George Popstefanov, main government of PMG, mentioned in a assertion.
“We want PMG to be a position the place men and women want to come to operate as we move into a hybrid working design, and our ongoing enlargement makes it possible for us to not only much better accommodate our staff but also to catch the attention of digital and tech talent in a lot more marketplaces though fostering deeper collaboration with our partners and shoppers.”
PMG also is increasing its Austin and New York workplaces and ideas to open Los Angeles and London destinations.
The progress will come soon after the promotion firm said its revenues grew 76% in 2021.
PMG’s shoppers include things like retailer Aged Navy, Ace Components, Most effective Western Resorts & Resorts, The Container Keep, Crate & Barrel, Kohler, Omni Hotels & Resorts and Six Flags amusement parks.
PMG joins regulation agency Shearman & Sterling as some of the initial tenants at The Website link at Uptown, a 25-tale significant-increase that opened early this 12 months. The constructing is a undertaking of Allen-based mostly Kaizen Improvement Partners.
Jerry Bolz of Worth Commercial Real Estate and Jones Lang Blake Shipley negotiated the PMG office environment lease with 30-4 Commercial’s Sarah Kennington and Bryce Jackson.
The new building is 50% leased with a lot more discounts pending, Kennington reported in an electronic mail.
Soon after slow leasing exercise right after the COVID-19 pandemic commenced, demand for office environment place in North Texas has soared in new months with extra than 900,000 square toes of net leasing in the to start with quarter of 2022.