DALLAS-CBRE and Stream Realty Partners said Tuesday that Invesco has leased 42,750 square feet at Trammell Crow Center in downtown Dallas. Invesco plans to take occupancy of the floors 33 and 34 in fall 2014.

“It is great news that a global investment advisor like Invesco would relocate their Dallas-based real estate advisory business from North Dallas where they have been for many years to downtown Dallas,” said Jeff Ellerman, vice chairman with CBRE. “The Dallas Central Business District is continuing to benefit from the Arts District and Klyde Warren Park as a vibrant urban district.” Ellerman, Robert Blount and Bailey Anderson with CBRE represented Invesco in the transaction.

“As one of the world's largest and most prestigious investment advisors, Invesco's presence at Trammell Crow Center will not only benefit the building itself but the Ross Avenue business district at large,” said Ramsey March, managing director of Stream Realty Partners in Dallas. “We are experiencing a wave of activity on our remaining 110,000 square foot block of space and anticipate more announcements in the coming months."
The class A, LEED Silver Certified building is located at 2001 Ross Avenue in the Arts District.
“Corporate interest in downtown Dallas, specifically in the Arts District, has seen an increase in 2013 with KPMG Plaza at Hall Arts being the first office project in the Central Business District to break ground in eight years,” added Ellerman. “We are also seeing that vacancy in the core is at a near five-year low, the last time we saw vacancy at this rate was in Q1 2009.”
Ramsey March and Sarah Erickson with Stream Realty Partners represented Trammell Crow Center in the transaction.