Twelve companies occupying more than 90,000 square feet now call the recently renovated Pinnacle Tower home as Stream Realty Partners sees tenants flocking to luxury office spaces.
Stream, a national real estate services, development, and investment firm headquartered in Dallas, represented building owners New York Life and Encore Enterprises in the recent signings of tenants across various industries, including a regional full-service accounting firm, an international law firm, an integrated global real estate investment firm, and a Fortune 200 financial and insurance company.
New tenants include Huselton, Morgan & Maultsby, USAA Real Estate, and Haynes and Boone, which will each occupy over 10,000 square feet in the Class A office tower at 5005 Lyndon B. Johnson Freeway. Pinnacle Tower’s robust speculative suite program has also attracted numerous smaller and medium-sized tenants. The new leases signed at Pinnacle Tower will generate over $22.5 million in rental revenue for the landlord. In totality, Stream has executed over 350,000 square feet of leases with new or expanding tenants since being awarded the leasing and property management assignment in 2016.
Pinnacle Tower, totaling 549,170 square feet, underwent a more than $10 million renovation in 2018 that included a fitness center, sundry shop, coffee bar, tenant lounge, on-site restaurant, and conference room with seating for up to 300 people. The tower’s exterior lighting, walking areas, lobby, entryway, and outdoor patio were also refreshed to provide tenants with an ideal work-relax environment. New York Life Investments and Encore purchased the building in 2016 with the plan to rebrand and reposition the 24-story asset.
Adjacent to Dallas North Tollway and Interstate 635, Pinnacle Tower boasts premier visibility and walking accessibility to restaurants and hotels. It is centrally located, with over two-thirds of the Dallas-Fort Worth population within a 30-minute commute. In addition, the building is within 12 minutes of Downtown Dallas, 18 minutes of Dallas-Fort Worth International Airport, and 14 minutes to the Legacy/Frisco area.
Pinnacle Tower currently offers spaces ranging from 2,110 square feet to 98,412 square feet. Stream Executive Vice President and Partner J.J. Leonard, Lopez, and Parkin provide leasing services at the tower.