Investment firm Civitas moving to Dallas Arts District tower
A real estate investment firm that's been a big player in the projects near downtown is heading to Dallas' Arts District.
Civitas Capital Group has moved its headquarters to the One Arts Plaza tower at Routh and Flora Streets.
The company, which raises money from foreign investors to fund U.S. real estate projects, has rented 24,724 square feet of space in the building.
"This move to One Arts Plaza is a proud moment for our firm," Drexell Owusu, managing director and chief of staff for Civitas, said in a statement. "As one of the area's fastest-growing companies, Civitas had specific requirements to meet the needs of our staff and clients with an eye toward continued growth; One Arts Plaza addressed everything on our list."
Civitas is relocating from the Energy Plaza tower on Bryan Street across from ThanksGiving Square. The investment firm expects to be in its new location by this summer.
Phil Puckett and Harlan Davis of CBRE negotiated the lease with James Esquivel, Blake Shipley and Ahnie Gampper of JLL.
Civitas specializes in EB-5 transactions where immigrants obtain U.S. residency by making investments in real estate projects.
The company has funded major Dallas projects, including the NYLO Hotel just south of downtown, the Strand Apartments in the Design District and the new Aloft/Element Hotel near Love Field.
The Civitas lease is the second large recent deal in One Arts Plaza.
New York-based collaborative office company Industrious just took 23,000 square feet in the building.
And Uptown-based energy EnLink Midstream Operating is moving almost 300 workers to the building on the northeast edge of downtown.
Law firm Thompson Knight is the largest tenant in One Arts Plaza.
Building owner Billingsley Co. is also building several 1,200- to 4,000-square-foot office suites that it plans to lease out to other businesses.
"We have recently seen great momentum in leasing at One Arts with new tenants Enlink, Industrious, Edward Jones, Greenfield Seitz and Tyntec," said Billingsley partner Lucy Burns. "We expect that momentum to continue as we add our new spec suites, which will be ready for move-in this summer."
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