Revantage, a Blackstone Real Estate portfolio company, will soon call Stream Realty Partners’ The QUAD home as it expands its employee base in Dallas.
Revantage, which provides corporate services to Blackstone’s real estate portfolio, expects to occupy approximately 32,000 square feet on the third floor of the 12-story, Class AA office tower at 2699 Howell St. The space will accommodate the company’s current Dallas employee base with additional capacity to hire local talent in support of its strategic growth plan. Revantage will maintain its current headquarters and presence in Chicago’s Willis Tower and maintains other office locations around the world including in Europe and Asia.
“The talent pool and infrastructure that Dallas offers makes it an ideal location for Revantage to expand its footprint,” said Rob Harper, Head of Real Estate Asset Management Americas for Blackstone. “We look forward to Revantage being a positive and active member of the community for years to come.”
Stream Senior Vice President Ryan Evanich and Vice President Marissa Parkin represented Stream, the owner of The QUAD, in the transaction. Jon McNeil, Torrey Littlejohn, and Christy Rhea of JLL represented the tenant.
Stream, a national commercial real estate firm offering an integrated platform of services, is developing the 345,425-square-foot, state-of-the-art office building and surrounding 18,500-square-foot retail area heralded as the dawning of “A Different Dallas.” The QUAD is expected to deliver in March 2024. Revantage anticipates moving employees in during the first half of 2024.
The QUAD will set a new standard in Dallas with an integrated “smart” building end-user interface. Pathogen-reducing technologies such as hospital-grade air filtration and outside air circulation on office floors are 50% higher than industry standards. Tenants such as Revantage will appreciate the tower’s full-service fitness studio, top-floor outdoor terrace with expansive views, a club lounge and conference center, an acre of outdoor space, a bike valet, and dedicated underground parking. The building is also steps away from popular Uptown restaurants, hotels, entertainment venues, and multifamily complexes.
“We are thrilled to open a new office location in the vibrant Dallas market,” said Matt DeMonte, Revantage’s Global Head and Chief Executive Officer. “The QUAD is the perfect fit for our employees with its best-in-class sustainability, smart building features, and its state-of-the-art amenities. Expanding our team within a dynamic talent market, particularly in technology and finance, is an exciting and strategic next step for Revantage. We look forward to being part of this great community.”
Revantage is the third tenant, and largest thus far, to sign on at The QUAD. Stream previously announced that Two Hands, a community-focused eatery based in Australian café culture, will occupy one of the five free-standing retail spaces surrounding the office tower. Chicago Title, the largest title insurer and provider of real estate-related products and services in the world, was the first office tenant to sign on at The QUAD and will occupy 20,000 square feet.
“We are grateful to have such a well-respected company in our industry recognize The QUAD’s cutting-edge smart technology and modern sustainable features as key elements that will attract top talent as they expand in Dallas,” said Ramsey March, Stream Executive Managing Director and Partner. “Investing in an employee-centric office environment is more important than ever and something that Revantage clearly understands. The QUAD’s state-of-the-art features and easily walkable location will cultivate a greater sense of purpose for Revantage’s employees while setting a new standard in Dallas.”
The QUAD is owned, managed, leased, and developed by Stream Realty Partners. Evanich and Parkin lease the office space at the building. For information, contact Stream Dallas at 214.267.0400.
