CBRE's New Coworking Company Hana Is Headed to Uptown Dallas' Park District Tower

Dallas' hot shared office market is about to become even more competitive.CBRE - the huge commercial property firm - has picked Big D as the first location for its new coworking venture called Hana.The start up coworking operation is designed to compete directly with other fast growing shared office firms including WeWork, Venture X and Spaces.Hana is taking a big block of office space in the new Park District project overlooking Klyde Warren Park.Real estate brokers who have been tracking the deal for the last few weeks say the new coworking center will be one of the largest tenants in the office high-rise, which was built by Dallas developer Trammell Crow which is owned by CBRE.CBRE and Crow officials aren't talking about the Hana lease yet.But Hana CEO Andrew Kupiec told The Wall Street Journal that the Dallas office is one of 25 locations the new coworking division is planning across the U.S.A spokesperson for Hana in an email said a formal announcement is pending but would not confirm any details.The office tower Hana is leasing is a 20-story, 500,000-square-foot building at the corner of Pearl Street and Woodall Rodgers Freeway.Called PwC Tower, the building already has tenants includingPricewaterhouseCoopers and law firms Barnes & Thornburg and Winston & Strawn.Along with the office high-rise, the Park District also includes a 34-story apartment tower plus retail and restaurant space.The project is owned by Trammell Crow and Metropolitan Life Insurance.Hana is coming into an already crowded coworking field in central Dallas.Shared office firms WeWork, Common Desk, Venture X, Industrious, Serendipity Labs and Spaces already have multiple locations in the Uptown and downtown areas.North Texas is one of the country's fastest growing shared office markets, with more than 2 million square feet of leasing.In 2018 coworking companies were the second highest office leasing sector in the U.S., behind only tech companies.  Continue reading...