Bank Of America Renews 10-Year Lease At Hallmark Center I In Dallas For 553799 Square Feet

The lease transaction involves an office property located at 16001 North Dallas Parkway in the Dallas market. The asset encompasses a total square footage of 553,799 and is part of Hallmark Center I. The property is currently owned by RMR Group, which has maintained Bank of America as the sole tenant since a sale-leaseback executed in 2013.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Lease Term: 10 years
• Landlord: RMR Group
• Tenant: Brian Moynihan - Bank of America
• Landlord's Representative: Matt Wieser & Rhett Miller - Stream Realty Partners
• Tenant's Representative: Andy Leatherman & Bret Hefton - JLL

The lease was facilitated by JLL and Stream Realty Partners, emphasizing the collaboration between the landlord's and tenant's representatives. This renewal secures Bank of America's continued occupancy of the entire campus for the next decade.