The Dallas office team will be responsible for the overall corporate strategy of the development project. Dallas is a thriving metropolitan area with a real growth potential. The investment firm recently announced that it will be opening a new office in Dallas, Texas, focused on providing alternative asset management strategies to institutional investors.
The event was held in the new Design District and included a guided walking tour of the new project site. “This is an exciting time for the North Texas commercial real estate market as key metropolitan areas continue to experience significant population growth and the commercial real estate market continues to attract new, innovative and high-quality tenants to the region,” said Fortress Investment Group, New York announced that its new United States headquarters will be located in the new Design District in Dallas, TX. The approximately 62,000-square-foot facility will be a co-working office for select employees.
Fortress Investment Group, New York Firm focuses on private equity and credit investments, has selected Dallas, TX as its new U.S. headquarters. “As a long-term investor focused on real estate, we are continually looking for new opportunities to serve our global clients,” said Dan Hesse, CEO of Fortress Investment Group. “Dallas offers many of the attributes we are looking for as a center of U.S. investment and business growth. As we continue growing, we inspire to bringing our unique industry experience and capabilities to the Texas business community.”
Constructed in 1967 and originally known as Centaur Mall, the landmarked building was converted to office space in 2016. The building sits on the north side of the street, directly adjacent to the United States News parking garage. “Dallas has been a strategic location for our presence in Texas,” said Mike Teuber, co-head of the Americas Investment Group and head of the Americas Real Estate division.
Dallas is gaining another Financial Technology (fintech) company, as the top NY-based asset manager has announced plans to commence a new Texas office, further consolidating its strong presence in the city. The Fortress Investment Group new office will be located in McKinney, Texas and will operate as the Texas branch of Fortress’ existing office in the city.