Nuveen Real Estate has opened a new office in the Uptown neighborhood of Dallas. This marks the company’s 11th office in the U.S. and the 27th office worldwide. The company signed a lease for 3,614 square feet on the 16th floor of The Union, a 420,000-square-foot 22-story office tower. Located at 2300 N. Field St., the Class A office building was built last year and is pre-certified LEED Gold.
Graydon Bouchillon, managing director & head of the U.S. industrial sector for Nuveen, will lead the new office and the seven-person team. Nuveen intends to expand its investments in the region. The company recently added three senior-level industrial professionals to the Dallas office, including Louis Bauer, Kyle Patterson and Holly Losey.
“At Nuveen, we believe that reinforcing our local presence in a dynamic, growth-oriented market like Dallas will best serve our clients and investors as our real estate platform continues to evolve and expand,” said Bouchillon, in prepared remarks. “The Dallas-Fort Worth metroplex and the entire state of Texas offer vibrant economies and attractive fundamentals that make this a promising region for enhancement of our investment capabilities.”
John Brownlee and Gini Rounsaville of Peloton represented landlord RED Development in the deal, while Chris Joyner of Fischer Co. represented Nuveen. Earlier this week, Nuveen sold a 152,000-square-foot Boston office asset it owned to Brookfield Properties for $91 million.
Image courtesy of Yardi Matrix