DALLAS—GuideStone Financial Resources has owned its headquarters at 2401 Cedar Springs in Dallas since 1989. It is relocating those headquarters late this summer to Pinnacle Tower, located at 5005 LBJ Freeway in North Dallas near the Galleria.
“We selected Pinnacle Tower because of its proximity to so many workers in the Dallas-Fort Worth area, making it easier to recruit and retain the high-caliber, best-in-class staff we seek here,” GuideStone president O.S. Hawkins tells GlobeSt.com. “Additionally, we want to ensure our people had access to modern facilities, which Pinnacle provides after its $9 million upgrade, and it checked the boxes on what our people told us they wanted: secured, underground parking, nearby dining and on-site fitness center. All of this combined with the cost savings, which helps us achieve our strategic goal of aggressively managing costs, made Pinnacle Tower the best choice for our long-term rental needs.”
JLL managing director Brad Selner and executive vice president Brooke Armstrong negotiated the new 115,000-square-foot office lease on behalf of GuideStone.
“When GuideStone secured their offices in Uptown nearly three decades ago, they were pioneering and now their investment is paying off,” said Armstrong. “Thanks to careful planning and foresight, they've secured their next office in a great, centralized location, and positioned themselves for future success for their participants.”
JLL Capital Markets managing director Jack Crews led the sale of GuideStone's Cedar Springs office building.
“They were able to capitalize on the historic demand of Dallas' Uptown and DFW's position as one of the top investment markets in the nation,” said Crews. “The timing couldn't have been better.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
