Global Architecture and Engineering Firm Signs 34K SF Lease Extension in Historic Downtown Office

Page is recommitting to Downtown with a seven-year lease extension in the Mercantile National Bank Building.

DALLAS, October 22, 2019 – Page, a global architecture and engineering firm, has extended its 34,000-square-foot (sf) lease in the Mercantile National Bank Building, located at 1800 Main St. in Downtown Dallas, for an additional seven years. Cushman & Wakefield brokers Matt Heidelbaugh and Billy Gannon represented the company in the deal.

Heidelbaugh, an Executive Managing Director for Cushman & Wakefield Dallas, said office tenants like Page are seeing the benefit of being in Downtown.

“Page’s continued commitment to Downtown Dallas illustrates the attractive nature of this location for companies who want to retain and recruit the best talent,” he said. “The location offers a huge variety of walkable amenities, which is one of the top features today’s office tenants say they want.”

Page’s leadership said the decision to remain Downtown for at least an additional seven years was due in part to the area’s energy, amenities and ability to attract talented employees. The firm has been in their current location since 2011. When they originally leased space in the Mercantile National Bank Building, Page transformed the bank’s former lobby into an open, collaborative, three-story office space. At the time, the project was the largest adaptive reuse undertaking in Downtown Dallas in more than a decade.

In the time since their original lease, Page has enjoyed the incredible transformation occurring in Downtown, according to Page Senior Principal Mattia Flabiano.

“Since moving to Main Street eight years ago, we have seen a tremendous change in the energy in Downtown Dallas, with more people living, working, playing and staying Downtown,” he said. “It was a positive move in 2011, and our location will continue to be a plus for us for the next decade and beyond. Page is proud to be a part of the revitalization of the 1943 Mercantile National Bank Building. We transformed the former Banking Hall into our office and continue to be inspired by its history and design.”

The location of the office helped Flabiano and his team decide that staying in place was the best move for the company and their employees.

“One added benefit of being in a walkable location in Dallas is access to restaurants, coffee shops, a variety of retail stores and other amenities,” he said. “Our architects, interior designers and engineering folks are walking to lunch together, doing after-work activities together and doing it all in Downtown. Collaboration is how we work, and our work environment Downtown has fostered and increased that interaction.”

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

About Page Southerland Page Inc.

With roots extending back to 1898, Page provides architecture, interiors, planning, consulting and engineering services throughout the United States and around the world. The firm’s diverse, international portfolio encompasses the healthcare, academic, aviation, government and science and technology sectors, as well as civic, corporate and urban housing projects. Page Southerland Page, Inc. more than 650 employees across offices in Austin, Dallas, Denver, Dubai, Houston, Mexico City, Phoenix, San Francisco and Washington, D.C. Learn more about the firm at pagethink.com

 

2019-10-23T12:08:22-05:00October 23rd, 2019|In the News|