Preston Hollow Community Capital has relocated its headquarters to the PwC Tower overlooking Klyde Warren Park in the Park District in Uptown Dallas.
The provider of specialized impact financing solutions for projects of social and economic importance to local communities made the move in the spring.
“This move represents a significant milestone for our business and an elevation of our workplace,” Jim Thompson, Preston Hollow’s chairman and CEO, 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.”
PwC Tower, at 2121 North Pearl Street, is a 20-story, 500,000-square-foot Class A office tower that offers a modern tenant lounge, conference center, state-of-the-art fitness center, collaboration spaces, and outdoor green spaces.
The firm said the move coincides with the expiration of its eight-year lease at Comerica Bank Tower.
Scott Hage of JLL represented PHCC in lease negotiations. Jeff Funderburk of BHA designed the sixth-floor space for Preston Hollow, and Metroplex General Contractors served as GC for the project, the company said.
Preston Hollow Community Capital invests in bespoke municipal finance transactions with a diversified investment portfolio. It has invested more than $4.8 billion since its inception across various sectors of the municipal bond market, including real estate, K-12 and higher education, healthcare, infrastructure, hospitality, general government, and economic development.
Since its founding, Preston Hollow has raised $1.6 billion in committed, permanent equity capital from premier sponsors such as Stone Point Capital, HarbourVest Partners, and TIAA.
Get on the list.
Dallas Innovates, every day.
Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.
R E A D N E X T
-
Woods Capital has selected the contractor for the high-rise project that will convert nearly a dozen floors into residential units. The 50-story Santander Tower in downtown Dallas—formerly known as Thanksgiving Tower—is getting a mixed-use makeover, including indoor and exterior amenities. Here's a first look.
-
Find your passion and give with purpose to support our community.
-
A subsidiary of Boston-based Bain Capital Credit is backing the launch of Legacy Corporate Lending, a new asset-based lending company headquartered in Plano that will serve middle market companies that might not be able to readily access traditional forms of lending. “We are excited to establish this well-capitalized platform in partnership with Bain Capital Credit at a time when lending provides an essential solution to many companies,” Legacy Corporate Lending CEO Clark Griffith said in a statement. “We see a significant opportunity to leverage our combined credit investment and industry expertise to provide borrowers with flexible, solutions-oriented capital. We look…
-
Girls Inc. of Metropolitan Dallas is expanding its impact in helping girls dream big and learn skills for life-long success with help from Capital One.
-
Dallas' Boss Women Media and Capital One are presenting the fourth consecutive Black Girl Magic Digital Summit. This year they aim to reach more entrepreneurs than ever before by premiering the pre-recorded event on Amazon's Prime Video. The summit will feature 26 founders, CEOs, and executives with advice on how to turn your side hustle into a main hustle, and much more. From a $100K pitch competition (apply by August 12!) and live watch parties across the U.S., get ready for the magic.
