Cushman & Wakefield arranged a 211,087-square-foot office lease renewal for Santander Consumer USA at 1601 Elm St., also known as Santander Tower, in Dallas.
This marks the largest office lease renewal in Dallas this year and largest in downtown Dallas in the past five years.
As part of the lease renewal, Santander will retain their current naming rights to the building and continue to utilize the space as their headquarters and executive offices.
Robbie Baty and Travis Boothe of Cushman & Wakefield represented Santander Consumer USA in the lease renewal negotiations. Landlord, Pacific Elm Properties, was represented by Sara Terry and Reegan Busby of the Pacific Elm Properties in-house leasing team.
Santander Tower is 50-story office building spanning 1,402,623 square feet in the heart of Downtown Dallas, boasting one of the most diverse set of amenities of any office building in Dallas. The building, which underwent a transformative renovation in 2017 and 2023, includes two ground-floor restaurants (Fond and Parterre), the Tower Club (a private dining club on the 48th floor), Mint House Hotel (a 60 room boutique hotel on the 49th and 50th floors), a high-end fitness facility, and the Peridot Residences (290 unit luxury apartments on 14 floors).