Preston Hollow Community Capital Completes $85 Million Bond Purchase for Mixed-Use Development in Westbrook
Preston Hollow Community Capital (“PHCC”) recently announced the purchase of $85.7 million in tax-exempt revenue…
A Dallas financial firm has traded its downtown headquarters for new digs in Uptown.
Preston Hollow Community Capital previously had an eight-year lease at the Comerica Bank Tower on Main Street. But the company decided to relocate to the Park District towers just north of downtown. Preston Hollow moved to the 20-story PwC Tower at 2121 North Pearl Street overlooking Klyde Warren Park. The firm took 15,000 square feet in the building.
“This move represents a significant milestone for our business and an elevation of our workplace,” Preston Hollow chairman and CEO Jim Thompson said in a statement. “We were drawn to the state-of-the-art design and amenities of the building and the walkability of the neighborhood. The efficient, collaborative workspace we’ve created will help us attract and retain top talent as we grow.”
Scott Hage of Jones Lang LaSalle represented Preston Hollow in the office transaction.
Preston Hollow specializes in providing financing for projects with social and community benefits. The company has invested more than $4.8 billion since its founding.
Park District, where Preston Hollow relocated, opened in 2018 with the 500,000-square-foot office tower and a 34-story luxury apartment high-rise. Commercial Property firm CBRE Group is also moving its headquarters to the Uptown project. The Comerica Bank Tower skyscraper Preston Hollow is leaving is being planned for a redevelopment that includes hotel rooms and apartments