DALLAS – Douglas Elliman Inc. has expanded and extended its lease in Travis Walk in the prestigious Knox Street Dallas District, making a pre-emptive move on soon-to-be-vacated class A space that will triple the size of its Dallas office.
The luxury real estate company will relocate within the boutique building by year's end to an 8,247-sf office on the second floor of 4514 Travis St. The local team will gain an extra 6,117 sf of operating space in a three-story project that's historically 100% leased.
"Elliman approached us after learning about the upcoming vacancy and immediately jumpstarted talks to backfill the space," says Melanie Hughes, senior vice president of Dallas-based Bradford Commercial Real Estate Services. She and Richmond Collinsworth, senior vice president and managing partner, represent the local landlord.
The 100,000-sf Travis Walk is one of those office addresses that rarely experiences a vacancy. It has a Walkability score of 90, complemented by a trio of premier restaurants located within the project's walls and surrounded by one-of-a-kind boutiques and leading luxury brands. It also boasts two entry points to the 3.5-mile Katy Trail.
New York-based Douglas Elliman has been a tenant in Travis Walk since 2021 when it leased the only available opening – 2,157 sf. Hughes says prospects already are eyeing that space well in advance of the real estate firm moving into the larger office.
Douglas Elliman has snapped up as-is space boasting four walls of windows, a balcony and a high-end finish-out. Travis Boothe and Hanna Henley of Cushman & Wakefield of Texas Inc. represented the tenant in the long-term lease negotiations.
"Elliman really needed to expand," Hughes says, "and quickly jumped on the opportunity to remain in Travis Walk."