DALLAS-Downtown's Plaza of the Americas has a new tenant, and if the building's owners have there way, there will be more new neighbors in the coming months.

Insurance broker Hub International is renting about 40,000 square feet in the office and retail complex in order to consolidate its local office operations, according to a report in the Dallas Morning News. Hub International is the first major business tenant to relocate to the Plaza of the Americas since new owners M-M Properties and Invesco Real Estate began remodeling the 32-year-old property. They will invest $10 million in upgrades.

Joel Pustmueller, Don Dowell and Barbara Houlihan of Peloton Commercial Real Estate negotiated the new office lease with Tim Terrell of Stream Realty. Hub International is moving workers from the Tower at Cityplace and Bryan Tower to the Plaza of the Americas.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.