CBRE announced that Lument, a leading commercial real estate finance firm, has leased 22,725 square feet of office space at Plaza of the Americas at 700 N. Pearl Street in downtown Dallas. Lument will occupy a full floor in one of the two-buildings that make up the 1.1 million-square-foot property.
Jihane Boury and Clay Vaughn with CBRE in Dallas represented Lument in lease negotiations. Transwestern’s Kim Brooks, Justin Miller and Laney Delin represented the building owners. M-M Properties, in partnership with Clarion Real Estate, a global real estate investment manager, owns the two Class A towers that comprise Plaza of the Americas.
Lument made the decision to move its current offices from 2525 McKinnon Avenue to Plaza of the Americas because of the proximity to its parent company, ORIX Corporation USA, which is just a few blocks away. Other factors included the overall central location in Dallas, the ability to modernize their space and the high concentration of amenities within the building.
Based in New York, Lument is a nationally recognized leader in multifamily and seniors housing finance. Lument is a subsidiary of ORIX Corporation USA, which unified three of its legacy real estate brands—Hunt Real Estate Capital, Lancaster Pollard and RED Capital Group—under a single banner in October 2020. Lument’s Dallas office currently has approximately 120 employees.
Located in the Dallas Arts District, Plaza of the Americas is a premier mixed-use development with two 25-story office towers, a Marriott hotel with 40,000 square feet of event space, and a 13-story glass atrium that features more than 20 retail and restaurant options and an indoor urban garden. The project features onsite parking, fitness center, conference facility, connectivity to transit at the adjacent DART Pearl/Arts District Station with additional parking and retail options accessible via skybridges to adjacent buildings.