DALLAS-One of the downtown’s landmark properties has added five new tenants to its roster. Fountain Place, a 1.2 million-square-foot office tower owned by Crescent Real Estate Holdings, inked 41,280 square feet in new deals with three financial institutions, a private investment firm and a land management and development group.

Commerce Street Capital and Mercury Financial Group are both are relocating within downtown, while Fifth Third Bank and the land management and development company are moving from the nearby Uptown submarket. Meanwhile, Freight Shuttle International has chosen downtown Dallas for its company headquarters.

With the new leases, the 60-story Fountain Place is 84% occupied compared to 81% a year ago, according to Kirby White, director of leasing for Crescent. “Usually, you only hear about firms leaving the downtown core and moving to Uptown or another suburban market,” he tells GlobeSt.com. “But there is an exchange – a flow of tenants moving into downtown from other submarkets in smaller deals that you don’t hear a lot about, yet they’re important and contribute to absorption.”