Fifth Third Bank Leases 63,000 Square Feet For Texas Headquarters At 8300 Douglas Avenue

The property asset involved in this transaction is an office space located at 8300 Douglas Avenue in Dallas, TX. It encompasses 63,000 square feet and will serve as the new Texas headquarters for Fifth Third Bank, facilitating its post-acquisition integration of Comerica Bank. This move entails Fifth Third Bank exiting its previous lease at the Comerica Bank Tower downtown.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 8300 Douglas Avenue
• Market: Dallas, TX
• Landlord: Robert Dozier - Ramrock Real Estate; Clay Duvall & David Binswanger - Lincoln Property Company; Heath May - HKS; Duncan Osborne - Willow Bridge Property Co.
• Tenant: Fifth Third Bank

This lease agreement involves approximately 350 employees relocating to a mixed-use development scheduled for delivery in 2028. The previous Comerica Bank Tower will be redeveloped into a hotel-residential-office project as part of Fifth Third Bank's expansion plan, which includes a broader $700 million branch investment in North Texas.