Sheppard, Mullin, Richter & Hampton LLP is doubling its office footprint at Chase Tower (credit: Stream Realty).
DALLAS—Sheppard, Mullin, Richter & Hampton LLP has renewed and expanded its Dallas office lease located in Chase Tower at 2200 Ross Ave. The firm is doubling the office footprint from 25,902 square feet to 51,804 square feet. Under the new lease agreement, the office will undergo a full renovation but allow the firm to continue its day-to-day work in place.
"We've experienced tremendous growth in Dallas, so expanding our physical footprint is the next evolution in supporting our growing client base and our attorneys," said Steven Schortgen, Dallas office managing partner. "Adding more space and undergoing a renovation to create a modern, efficient workspace will accommodate both immediate and future growth needs while allowing us to continue to attract and retain talented professionals."
Sheppard Mullin opened the Dallas office in April 2018–the firm's 11th US location and 15th worldwide–with 18 attorneys. Since then, the office has nearly doubled the number of attorneys and continues to deepen its bench strength in the areas of commercial litigation, corporate/mergers and acquisitions, finance, intellectual property, investment management, labor and employment, real estate, and white collar criminal defense.
"We opened in Dallas with nearly 100 clients who are either headquartered or have substantial operations in the area, so we were strategic in recruiting founding partners with diverse practices and expertise that would offer existing and new clients full-service capabilities on day one," Schortgen tells GlobeSt.com. "We're very fortunate to have attracted such well known, talented and experienced attorneys. Laterals have found our firm's collaborative, entrepreneurial and client-focused environment refreshing, and our global footprint provides an incredible platform from which to serve our clients."
JLL managing directors Brooke Armstrong and Bret Hefton represented Sheppard Mullin in the lease negotiation. Stream Realty's JJ Leonard and Matt Wieser represented the property's ownership group, Fortis Property Group.
DFW's diverse industry, and strong migration and job growth continue to bode well for the region's office market in the 10th year of growth in the real estate cycle. Measured growth continues to dominate in terms of speculative groundbreakings. Rent growth is taking a breather after several years of significant jumps, according to a recent JLL office report.
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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.
