(DALLAS) Munsch Hardt Kopf & Harr, P.C. (“Munsch Hardt”), in conjunction with HPI and Stream Realty Partners (“Stream”), recently signed a new, 15-year office lease for its Dallas headquarters in Ross Tower at 500 N. Akard St. Ross Tower is a 45-story, 1.1-million-square-foot, Class-A office building that has undergone a $20 million capital improvement project and features world-class amenities. The commercial law Firm, founded by Rick Kopf and Steve Harr, as well as the late Russ Munsch, signed its first lease with the office property in 2005, occupying floors 36, 38 and 39. Under its new lease, the Firm will relocate to three consecutive floors, 40, 41 and 42.

Today, Munsch Hardt has 176 employees in Dallas, 50 percent more than when first committing to Ross Tower. Since current CEO Phil Appenzeller took over the reins, the Firm has been focused on growth, adding notable litigation, corporate and real estate attorneys over the past 10 years and earning record profits in 2021.

“As a Firm which was founded in Dallas in 1985, the extension of Munsch Hardt’s lease underscores our long-standing commitment to this community,” said Appenzeller. “By offering top-quality offices at the intersection of Uptown and Downtown Dallas, we will continue to attract top-tier talent and serve our clients for many years to come.”

Stream Managing Directors Craig Wilson and Dan Harris, Vice Chairman Randy Cooper, and Executive Vice President and Partner Tim Terrell represented Munsch Hardt in the renewal. Stream is a national real estate services, development and investment firm headquartered in Dallas. Global architecture and design firm Gensler, which originally designed the Firm’s current Dallas office, as well as the Firm’s 2022 office space in Houston, Texas, is working on efficient architectural plans to allow the Firm continued growth. Pacific Builders has been retained as the General Contractor on the project, with a projected move-in date of fall 2023.

“Our partnership is elated Munsch Hardt has chosen to renew its lease and recommit to Ross Tower on a long-term basis,” said Hunter Lee, Dallas Partner of HPI, the owner of Ross Tower. “The Firm’s tenancy is a cornerstone of the list of fantastic tenants which make up our building, and we are proud to continue to serve them.”

“Munsch Hardt is one of the most preeminent law firms in Texas,” Wilson said. “Being able to assist them in creating their new corporate offices was a real honor for the Stream team. Starting this process in summer 2020 in the height of the pandemic required a lot of patience and creativity on all sides to ultimately develop what will be a very big win/win for both Munsch Hardt and Ross Tower.”

About Munsch Hardt

Munsch Hardt Kopf & Harr, P.C. is a Texas-based, mid-sized commercial law firm with 160 attorneys who represent commercial clients on any legal issue they face during the life cycle of their business – from start-up ventures to established institutions with legal needs across Texas and around the globe. With offices in Austin, Dallas and Houston, Texas, the Firm’s primary practice groups include Bankruptcy + Restructuring; Construction; Corporate + Securities; Energy; Environmental; Finance; Health Care; Hospitality; Immigration; Insurance; Intellectual Property; Labor + Employment; Litigation; Real Estate; Restaurants and Tax. For more information about the Firm and its services, visit www.munsch.com.

About HPI Real Estate Services & Investments

HPI Real Estate Services & Investments is a full-service commercial real estate firm with over thirty years of experience as managers, owners, and developers of commercial real estate. Based in Texas, our overriding goal is to build lasting relationships with our clients through reliable expertise, professional integrity, and exceptional service. HPI has offices in Dallas, Austin, Houston, and San Antonio. (www.hpitx.com) For more information on Ross Tower, visit www.rosstower.com.

About Stream Realty Partners

Stream Realty Partners is a full-service commercial real estate firm with integrated offerings in leasing, property management, tenant representation, development, construction management, investment sales, and investment management services. Headquartered in Dallas, Stream is dedicated to sourcing acquisition and development opportunities for the firm and its clients. Since 1996, the company has grown to a staff of more than 1,100 professionals with offices in Atlanta, Austin, the Carolinas, Chicago, Dallas, Denver, Fort Worth, Houston, Greater Los Angeles, Nashville, Northern Virginia, Phoenix, San Antonio, and Washington, D.C. Stream completes more than $5.8 billion in real estate transactions annually and is an active investor and developer across the nation. Visit www.streamrealty.com.

Fort Worth, TX (July 22, 2022) – Palladium USA is pleased to announce the closing and construction start of Palladium East Berry Street – a new $55.8 Million, high-quality multi-family community in Fort Worth. This is the third multi-family development for Palladium in the City of Fort Worth. The three-story development has amenity-rich residences featuring 240 units of thoughtfully designed one, two, and three bedroom floor plans with upgraded finishes. Upscale amenities will include a resort swimming pool, state of the art fitness center, conference center, dog park, computer lounge, kid’s playroom, and clubroom containing a mini-kitchen with upgraded appliances and granite countertops.

“Construction has started, and we will be delivering the clubhouse and first units in November of 2023”, says Tom Huth, President and CEO of Palladium USA.

Palladium East Berry Street was designed by Cross Architects, and Brownstone Construction is the general contractor. The Texas Department of Housing and Community Affairs issued $26.1 Million in tax-exempt bonds purchased by Cedar Rapids Bank and Trust and PNC Bank provided $23 Million of equity for this placement. Palladium was represented by Kim Parker with Dynamic Commercial Real Estate on the purchase of the land.

“We’re excited for Palladium USA to break ground in Council District 8 and be an excellent community partner.”, said City of Fort Worth Councilmember Chris Nettles whose district the development is located. Palladium East Berry Street will bring much needed luxury housing that’s attainable for essential workers and families, especially those living in Southeast Fort Worth, given its affordable housing rates and access to the Medical District. A portion of the homes will be listed at 30% AMI, making them accessible to residents with diverse needs and income levels.”

The groundbreaking celebration planned for October 18 will be attended by community leaders, elected officials, and will feature photo renderings of the multi-family community, branded promotional items, and refreshments. “The vision for Fort Worth is large and growing! “It is vital that we are able to offer a modern, high-quality development that is attractive and adds value to the community,” says Avis Chaisson, Director of Development for Palladium USA. “We are honored to work with the City of Fort Worth and contribute to the Renaissance in Southeast Fort Worth.”

The new 17.20 acre multi-family community is located on East Berry Street, between Hwy 287 and S. Riverside Dr. Pre-leasing is expected by the Summer of 2023.

Palladium has eight multi-family developments under construction in Texas totaling approximately 1,700 units. Locations include Anna, Port Aransas, Midland, Fort Worth, Little Elm, Garland, and two in Dallas.