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11-Year Lease Backing Downtown HQ Move

DALLAS-Finish-out is about to start on 62,402 sf in Renaissance Tower. CAS/Riverstone will shift from sublease space in Bryan Tower to Ren Tower's two class A floors.

By Connie Gore | Updated on February 07, 2008

DALLAS-Consolidated American Services Inc. and Riverstone Residential Group will relocate their headquarters in early summer to Renaissance Tower, where an 11-year lease has sealed off 62,402 sf or two full floors. Finish-out will begin in the coming weeks.

The parent and operating division, now marking their third year, will vacate 45,000 sf of sublease space controlled by Atlanta-based Trammell Crow Residential, which is nearing the end of its renewal talks in Bryan Tower at 2001 Bryan St. CAS/Riverstone has taken floors 15 and 16 in the 56-story Renaissance Tower at 1201 Elm St. The soon-to-be-retooled space went dark in the latter part of 2007, a reported give-back from a law firm’s downsizing.

Kathy Hansen, president of Spencer Commercial Real Estate LLC in Plano, and senior associate Chaz Walker spent one year developing real estate strategies for CAS/Riverstone, of which the headquarters relocation was just a part of the decision-making. The bricks-and-mortar decision swung to the 1.7-million-sf Renaissance Tower because there was ample contiguous room to expand, Hansen tells GlobeSt.com. “What this really bought them was time to decide their longer term expansion,” she explains.

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