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New Uptown Dallas office tower lands another major tenant

Another large lease has almost filled Uptown Dallas’ newest office high-rise.

International law firm McGuireWoods is taking more than a floor of space in the The Link at Uptown which opened earlier this year.

The latest office deal has filled 96% of the 25-story building at 2601 Olive Street.

Virginia-based McGuireWoods opened its Dallas office in 2014 and has grown its business here with 45 attorneys plus staff. The company is moving from another Uptown building at 2000 McKinney Avenue.

“We could not be more excited about our new space at The Link,” said Jason Cook, Dallas Office Managing Partner at McGuireWoods, said in a statement. “Its location, footprint, and amenities will help provide the innovative, connected environment we want to create for our employees and clients.”

The law firm took 33,345 square feet on the 22nd and 21st floors of the tower.

McGuireWoods joins financial firm Houlihan Lokey, PMG Worldwide, Shearman & Sterling and Newmark Group as major tenants in the Link at Uptown which is a project of Dallas’ Kaizen Development Partners.

“The Link provides a differentiated and amenity-rich environment that tenants continue to want and need for their employees and business to flourish,” Derrick Evers, CEO of Kaizen Development Partners, said in a statement.

Jones Lang LaSalle’s Blake Shipley and Thirty-Four Commercial’s Sarah Kennington and Bryce Jackson negotiated the McGuireWoods lease with Mohr Partners’ Stephen Hemphill, Cory Darden and Steve Macnoll.

Since the pandemic started and office use declined, most of the major new leases have been signed in the newest buildings.

“This new lease reinforces the demand in Dallas for the highest-quality spaces as tenants continue to reassess their office footprint,” Shipley said.

With The Link almost filled, construction is underway on several new Uptown area office buildings including Granite Properties’ 23Springs office and retail project. And Stream Realty Partners’ $100 million Quadrangle redevelopment.

Developer Harwood International is also building its 27-story Harwood No. 14 office tower on Harry Hines Boulevard. The Harwood building is already more than 70% leased.

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