The Quad, formerly known as the Quadrangle, has scored a big tenant: M Financial Group, a major financial services firm headquartered in Portland, Oregon, has signed a lease for approximately 52,000 square feet in the 12-story office building at 2699 Howell St. currently under construction.
This will be the first Dallas office for the company.
In a statement, Russell Bundschuh, President and CEO of M Financial, says that the expansion gives them a more centralized location to serve their wide-ranging clients.
“The QUAD presents us with the best of both worlds — a location in Uptown Dallas surrounded by a flourishing financial services sector and all the benefits that provides, as well as access to world-class amenities favored by our current and prospective employees and visiting guests.”
M Financial has been headquartered in Portland since its incorporation in 1978. The expansion to Dallas represents the company’s first foothold outside of the Portland area.
Stream, a national commercial real estate firm offering an integrated platform of services, is developing the 345,425-square-foot, office building and surrounding 18,500-square-foot retail area, expected to open in March 2024.
M Financial is the third office tenant to sign a lease in The QUAD. Earlier this year, Revantage, a Blackstone Real Estate portfolio company, agreed to take 32,000 square feet. Chicago Title, the largest title insurer and provider of real-estate related products, was the first office tenant to commit to the project, agreeing to occupy 21,000 square feet.
Two Hands, a community-focused eatery based in Australian café culture, was the first retail tenant to come on board. The eatery is scheduled to open in the first quarter of 2024. Stream will announce the remainder of the restaurant lineup later this fall.
