Tech Travel Company Signs One of Downtown Dallas' Largest Office Leases of 2019
14 Jan 2020
Dallas – Jan. 14, 2020 – CBRE announces that TripActions, a California-based travel company, has leased 88,290 sq. ft. of office space at Renaissance Tower in downtown Dallas. The company will occupy the top three floors of the 56-story building, located at 1201 Elm Street.
TripActions rapidly expanded their Dallas presence over the past year, growing from 74 employees in 2018 to over 200 employees. In order to accommodate the new employees and make room for continued growth, the company made the decision to move from their space at 717 Harwood Street, where they occupied 25,268 square feet.
Renaissance Tower, a joint venture between SMA Equities and The Moinian Group, is located in the middle of downtown Dallas and has notable tenants including Hilltop Securities, Ernst & Young and Neiman Marcus’ corporate offices. The building offers tenants close proximity to retail and dining options and is steps away from a DART station.
“We couldn’t be more thrilled to have TripActions as the newest member of Renaissance Tower, coming from 717 North Harwood,” said Sina Mahfar, Managing Principal and Co-Founder of SMA Equities. “They have a great business and we feel honored to partner with them in their growth.”
Clay Gilbert, Dennis Barnes and Ben Davis with CBRE in Dallas represented the landlord and Whitebox Real Estate represented TripActions in negotiations.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.