A law firm is bucking a trend to move from Uptown to downtown Dallas.
Alston & Bird LLP will relocate its office from 2828 Harwood in Uptown to two floors in the Chase Tower on Ross Avenue. The Atlanta-based legal firm is renting 36,081 square feet in the building, which is undergoing millions of dollars in upgrades.
Alston & Bird’s move downtown comes at a time when many high-profile legal firms are exiting the old financial district for newer buildings in Uptown.
The legal firm’s new digs in Chase Tower represent growth for the Dallas operation.
“We have a strong base of national and regional clients that will benefit from the continued expansion of our Dallas office,” Darren Hauck, partner-in-charge of Alston’s Dallas office, said in a statement. “We look forward to experiencing that growth in Chase Tower and the vibrant Dallas Arts District.”
Stream Realty Partners’ JJ Leonard, Matt Wieser and Jackie Smith negotiated the new lease with Phil Puckett and Michelle Donaldson of CBRE.
Chase Tower is owned by New York-based Fortis Property Group, which last year paid $285 million for the skyscraper.
Chase Tower’s previous owner, Houston-based Hines, spent more than $10 million in upgrades on the high-rise. And Fortis is continuing redevelopment on the exterior of the 30-year-old building.
“I know these great renovations are going to be a game changer for this property,” CBRE’s Puckett said in a statement.