Dallas’ Pinnacle Tower Sees Influx Of Tenant Leases

Dallas, Texas
November 15 2 min read

Twelve companies occupying more than 90,000 square feet now call the recently renovated Pinnacle Tower home as Stream Realty Partners see tenants flocking to luxury office spaces with state-of-the-art amenities.

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.

“Companies across the nation are looking for the best possible office experience for their employees in the most centralized location, reducing commute times and resulting in happier employees,” said Chase Lopez, Vice President at Stream.

“Pinnacle Tower has continued to realize demand from both locally and nationally based tenants due to its convenient accessibility for such a large percentage of the Dallas/Fort Worth population,” said Marissa Parkin, Senior Associate at Stream. “The location, coupled with the tower’s first-class on-site amenities, has been a recipe for success.”

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.

For leasing information, contact Stream Dallas at 214.267.0400.

Media Contact

Brian Medricka

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Chase Lopez

Senior Vice President Contact

Marissa Parkin

Vice President Contact

J.J. Leonard

Executive Vice President & Partner Contact