Fireman's Fund Backs Plan With 13-Year Lease

DALLAS-The Fireman’s Fund Insurance Co., taking nearly one year to decide, will move Sept. 1 into 131,176 sf of class A space in Lincoln Plaza. The firm’s regional office will be expanded as part of a consolidation plan that plants one of two national service centers in the city.

The Fireman’s Fund expansion opens the door for 150 to 450 additional jobs. The decision ended with a 13-year lease for floors three through eight in the 1.1-million-sf, 45-story high rise at 500 N. Akard St., Rick Hughes, executive director for Dallas-based Cushman & Wakefield of Texas Inc., tells GlobeSt.com.

“My biggest challenge was to figure out what was the right size,” Hughes says. The office size changed as the deal’s dynamics put Dallas in the running for the national service center. “This could have all gone to St. Louis or Dallas or somewhere else,” he says. Dallas City Council kicked in incentives that helped to ring up the win to keep and expand the long-time regional office–as did other long-regarded relocation motives like the Central time zone, strong appeal for young professionals, high quality of life and low cost of living.