Colliers International Secures Santander Tower Listing
Dallas, TX - Colliers International announced today it has secured the Santander Tower listing, its first assignment in Downtown under the new office agency leasing platform led by submarket expert Sara Terry. Formerly Thanksgiving Tower, the 50-story 1.4 million square-foot Class A office building, located at 1601 Elm Street, underwent a $40 million renovation completed in 2017. The building’s tenancy is anchored by Santander Consumer USA.
“We are thrilled to announce Santander Tower as our cornerstone assignment,” said Terry, who is executive vice president and director for Colliers International’s Office Agency Leasing group in Dallas-Fort Worth. “Downtown is Dallas’ most important submarket, and Santander Tower is not only an iconic office building, but the recent renovations place the building among the top competitors in the market.”
Terry brings several years of expertise in the Downtown Dallas submarket representing institutional owners for the leasing of several high-profile Class A office buildings. She represented the Trammell Crow Center during its repositioning and renovation in 2017.
“Sara’s reputation and keen knowledge of the submarket are exceptional additions to our team,” said Jonas Woods, CEO of Woods Capital, the owner of the tower. “Given the historic number of corporations relocating to Dallas, now is a very exciting time for Downtown, and we are excited to be working with Sara at this premier address.”
Kourtny Garrett, president and CEO of Downtown Dallas, Inc. says she’s optimistic about the return of the workforce to Downtown.
“We are entering 2021 with great optimism for the heart of the city, in no small part due to assets like Santander Tower and teams like Colliers and Woods Capital who are committed to Downtown Dallas,” said Garrett. “We are uniquely positioned with billions of dollars of development underway, fantastic recent openings like the AT&T Discovery District and the Thompson Hotel, and a community that has locked arms to ensure Downtown emerges even stronger.”
Roughly 500,000 square feet of the tower is available with half of the square footage contiguous. Upgrades to the all-glass building feature a dramatically renovated lobby, plaza and common areas as well as the addition of an executive fitness center. Building amenities include the exclusive, newly renovated Tower Club, upscale dining and street-front retail. Other tenants in the building are Beck, Grey Reed & McGraw and Kirkland & Ellis.
About Woods Capital
Woods Capital, founded by Jonas Woods in 2007, is an integrated real estate investment firm focused on the U.S. real estate market. The firm seeks to make opportunistic equity and debt investments on behalf of its investors in projects where it can leverage the acquisition, management, development, and capital markets experience of the firm. The Woods Capital team has been a successful participant in the real estate markets as an investor, developer and manager of real estate assets, as well as a fiduciary on behalf of third-party capital. The team members have completed over $4 billion in real estate acquisition and/or development transactions including office, residential, industrial, retail and mixed-use properties.
About Colliers International Group Inc. Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment.