A Dallas-based investment firm is moving its offices to Uptown. Highland Capital Management LP’s move from the Galleria to the Crescent complex is the latest in a series of high-profile office relocations from North Dallas back to the city’s center.
The 21-year-old investment adviser has rented about 45,000 square feet in the Crescent office towers on Pearl Street at Cedar Springs Road. About 150 people will work in Highland Capital’s Crescent office.
Highland Capital has been in the Galleria on Noel Road, just north of LBJ Freeway, for more than a decade. The company manages more than $22 billion in assets for clients including pension plans, foundations, financial institutions, governments and wealthy individuals.
The Crescent is more than 90 percent leased now with Highland Capital’s latest move.
Highland Capital is the latest of several firms that have shifted operations from northern Dallas back to the city’s center.
“Highland Capital is another big company moving back to a close-in location,” said John Crawford, Downtown Dallas Inc. President & CEO. “We are seeing more and more interest in downtown and Uptown from companies located outside the area.”
One other company is LIG Assets, Inc. It relocated its corporate headquarters to the 26th floor of Chase Tower. The new space at 1700 Pacific was necessary due to the growth of the Company’s portfolio of properties and the expansion of headquarters personnel.
LIG Assets, Inc. focuses on income-producing opportunities in commercial and residential real estate and the overseas oil and gas production sectors. The company acquires, rehabilitates, and sells distressed real estate properties and provides second chance opportunities for property owners. Investment properties are presently located throughout the country. LIGA is active in the energy market and is currently focused on international oil and gas exploration and development.
Finally, a law firm has renewed its lease in Downtown. Thompson Coe is staying put at the Plaza of the Americas complex. Thompson Coe signed a lease renewal for 69,133 square feet in the building at 700 N. Pearl St. The firm, which specializes in insurance industry litigation, has been a tenant since 2003.