DALLAS, TX – October 12, 2023 – A major financial services firm headquartered in Portland, Oregon, has agreed to open its first Dallas office in Stream Realty Partners’ The QUAD, located at 2699 Howell Street.
M Financial Group, a financial services distribution company that services a network of 130+ independent Member Firms located across the nation, recently signed a lease for approximately 52,000 square feet in the 12-story office building under construction in the heart of Uptown Dallas.
“Our expansion into Dallas gives us a more centralized location to better serve our wide-ranging community of Member Firms and their clients,” said Russell Bundschuh, President and CEO of M Financial. “The QUAD presents us with the best of both worlds — a location in Uptown Dallas surrounded by a flourishing financial services sector and all the benefits that provides, as well as access to world-class amenities favored by our current and prospective employees and visiting guests.”
M Financial has been headquartered in Portland since its incorporation in 1978. The expansion to Dallas represents the company’s first foothold outside of the Portland area.
Stream Senior Vice President Ryan Evanich and Vice President Marissa Parkin represented Stream, the owner of The QUAD, in the transaction. Cushman & Wakefield’s Dean Collins, Mark Collins and Doug Deurwaarder represented M Financial.
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 open in March 2024.
Executive Managing Director & Partner of Development Ramsey March, Director of Development Brad Dornak, Senior Director of Design & Construction Jerry Mays and Director of Design & Construction Blake Bell led Stream’s development efforts for The QUAD project. Said March, “We’ve received a strong response from the market on the offering at The QUAD, particularly as it relates to the building’s differentiated design, amenities, and technology. As we prepare to open the building early next year, the lease with M Financial is indicative of leasing momentum we expect to accelerate as tenants get a glimpse of the finished product.”
M Financial is the third office tenant to sign a lease in The QUAD. Earlier this year, Revantage, a Blackstone Real Estate portfolio company, agreed to take 32,000 square feet. Chicago Title, the largest title insurer and provider of real-estate related products, was the first office tenant to commit to the project, agreeing to occupy 21,000 square feet. Additionally, Two Hands, a community-focused eatery based in Australian café culture, was the first retail tenant to come on board. The eatery is scheduled to open in the first quarter of 2024. Stream will announce the remainder of the restaurant lineup later this fall.
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 M Financial 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.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of services including leasing, Legendary CX property management, tenant and landlord representation, capital markets, investment management and sales, development, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas and operates 15 core offices in markets that cover areas including Alexandria, VA; Arlington, VA; Atlanta; Austin; Boca Raton; Charleston; Charlotte; Chicago; Colorado Springs; Dallas; Denver; Fort Lauderdale; Fort Worth; Greenville, SC; Houston; the Inland Empire; Irvine; Los Angeles; Miami; Nashville; Orange County; Phoenix; Raleigh-Durham; Reston, VA; San Antonio; Tysons; Washington, D.C.; and West Palm Beach. Since 1996, Stream has grown to more than 1,350 professionals and now completes more than $6.9 billion annually in office, industrial, retail, healthcare, land, and data center transactions. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, Twitter, and Facebook.