Transwestern Real Estate ServicesQuadrant Investment Properties (QIP) announce that Texas-based Kirksey Architecture has signed a 7,963-square-foot office lease at 143 Manufacturing St., and Dallas-based accounting firm Smart Business Concepts has signed a 5,319-square-foot office lease at 2103 Irving Blvd., both on-site at QIP’s Manufacturing DistrictMD). In October 2022, State Street Coffee, an operator based out of Bishop Arts, opened Triumphs Espresso & Whiskey, a 1,592-square-foot on-site amenity for tenants and the general public.
With tenant amenities such as Lounge 141, a shared rooftop lounge with unobstructed panoramic views of downtown Dallas, a walking trail that was re-envisioned from an abandoned rail spur, and The Grove, a shared outdoor community lounge with casual seating, lush landscaping and 6G Wi-Fi, amenities on-site at MD were carefully designed to create opportunities for tenants to work, socialize and enjoy outside of their office environments.
“MD is unique to the Dallas office market. We are seeing a new generation of office tenants demanding space like this to get their employees engaged and excited,” said Kim Brooks, Principal for Transwestern. “Demand has been exceptional for the Manufacturing District’s differentiated office, and currently there are vacancies ranging from 2,500 to nearly 30,000 square feet available.”
Kirksey Architecture plans to move into its space in the second quarter of 2023, and Smart Business Concepts moved into its space in November 2022. Both tenants join recently announced Alto, which moved into its 16,000-square-foot headquarters space at MD in late 2022.
“The level of leasing activity now that the base building construction and hospitality areas are complete is extremely encouraging. Companies that want office space to complement their brand are finding the Manufacturing District very attractive. We look forward to growing our tenant community around these brands,” said Chad Cook, Founder of QIP.
In addition to its existing Design District assets, QIP and FCP®, a privately held real estate investment company based in Chevy Chase, are currently constructing Thirteen Thirty-Three, a 10-story, 125,660-square-foot Class A office building located at 1333 Oak Lawn, and River Edge, a five-story, 140,757-square-foot office building with three planned on-site restaurants located at 155 River Edge. Transwestern and Shop Companies are handling leasing for both properties, with delivery estimated for the fourth quarter of 2023.
Outside of office opportunities, QIP and FCP recently completed a $2 million renovation to The International, a Class A design showroom destination located at 150 Turtle Creek. In September, Fox Restaurant Concepts announced plans to open Culinary Dropout, a sister restaurant to well-known establishments such as Flower Child, North Italia and The Henry. The restaurant plans to open at The International in early 2024 and the location will be the first in Dallas.
According to Transwestern research, the Design District has seen nearly $1 billion in private investment over the last 15 years. With top-tier local and out-of-market restaurants and new retail concepts recently announced, the area features multiple nightlife and entertainment destinations.
Kirksey Architecture was represented by Elizabeth Solender with Solender/Hall, Inc. Smart Business Concepts was represented by Dan Zeltser with Cresa. Click here for images of MD, Triumphs Espresso & Whiskey, and new tenant spaces.
About Quadrant Investment Properties
Quadrant Investment Properties is a Dallas based real estate investment company specializing in urban office opportunities. We create community focused projects through thoughtful design, proactive management, and the integration of technology. We combine these elements to deliver projects that inspire our tenants, partners, and the market as a whole. The company is strategically focused on the Dallas Design District, having acquired twenty-three properties in the last twenty-four months.
FCP® is a privately held real estate investment company that has invested in or financed more than $12.4 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit www.fcpdc.com.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.