Isaiah Mitchell
2 min read
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The New York Stock Exchange has a home in Dallas.
The Texas branch of the exchange leased 28,000 square feet at Harlan Crow’s Old Parkland, according to a source familiar with the deal.
The office campus at 3819 Maple Ave was developed by Crow Holdings and is known for family offices.
Steve Triolet, senior vice president of research at Partners Real Estate, called Old Parkland “a veritable office country club,” and “one of the most coveted office parks in Preston Center.”
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Powered by Money.com - Yahoo may earn commission from the links above.NYSE announced earlier this year that its Chicago branch would leave Ida B. Wells Drive for the Metroplex. “Founding Member” listings on NYSE Texas include D.R. Horton, Jerry Jones’ Comstock Resources, Trump Media & Technology Group and Stellar Bancorp.
Nasdaq also recently announced a Texas regional headquarters, and the Texas Stock Exchange, a new capital market backed by BlackRock, Citadel Securities and Charles Schwab, plans to open next year. NYSE Texas launched this year as a fully electronic exchange.
Dallas’ burgeoning Y’all Street also includes Goldman Sachs’ $500 million campus, under development by Hunt Realty Investments and Hillwood Urban. Meanwhile, Wells Fargo’s 22-acre regional headquarters in the Las Colinas area of Irving is in development by KDC.
Texas companies have more NYSE listings than any other state, with over $3.7 trillion in market value.
Old Parkland spans more than 1.4 million square feet, according to CoStar. A city of Dallas designated historic landmark and former hospital, it was restored in the 2000s by Harlan Crow’s family firm. Crow Holdings moved its headquarters there in 2006. Crow’s gradual redevelopment of the campus notched openings in 2011, 2015 and 2019. More expansion started this spring. Upcoming amenities include a gym, fine dining restaurants and private meeting rooms.
The campus is “meticulously planned to inspire camaraderie among tenants,” according to its website. That plan considers leasing as well as layout. Prospective tenants must pass through a screening process before admission.
This article originally appeared on The Real Deal. Click here to read the full story.
