DALLAS – (Realty News Report) – Hana, a subsidiary of CBRE, has opened its flagship location: Hana PwC Tower at Park District in Dallas.
The new Hana site, developed within a project by MetLife Investment Management and Trammell Crow Company, offers flexible office leasing solutions designed for large enterprises, mid-sized companies and startups.
This marks Hana’s first location. Additional sites were planned across the United States and the United Kingdom for 2019 and beyond.
“We are thrilled to open our first-ever location and couldn’t be happier to work with MetLife Investment Management and Trammell Crow to bring our vision to life,” said Andrew Kupiec, CEO of Hana. “This location will serve not only as an excellent option for Dallas, but as a showcase we plan to replicate in key markets around the world.”
Hana at Park District occupies two and a half floors totaling over 67,000 square feet in the PwC Tower at Park District. The PwC Tower contains more than 500,000 square feet of Class A office space and amenities. It is part of Park District, a two-tower mixed-use development with more than 900,000 square feet of office space, restaurants and luxury residences, situated near Downtown Dallas, the Arts District, Uptown and Klyde Warren Park.
Hana’s primary offering, Hana Team, provides private office suites tailored to the needs of high-growth organizations and large corporate users. Hana Team blends flexible leasing with amenities, integrated technology, thoughtful design, and the ability for tenants to control branding and workplace culture. Each Hana unit also includes two complementary services: Hana Meet and Hana Share. Hana Meet supplies conference and event space bookable by the hour, day or week. Hana Share offers co-working space where members share services, amenities and technology in a communal environment.
Brian Harrington, Chief Experience Officer for Hana, told attendees at the recent National Association of Real Estate Editors conference in Austin that demand for co-working will remain a meaningful part of the office market for years to come.
“I think about 10% of office space will be flexible,” Harrington said. “I don’t think it’s ever going to tip over. There will always be traditional, 10‑year leases.”
The co-working sector has grown rapidly in recent years, with operators such as WeWork, Spaces and other emerging brands leasing large blocks for shared offices. Developers have also entered the market: earlier this summer Houston-based Hines announced its own co-working brand, Hines Squared.
Aug. 30, 2019 Realty News Report Copyright 2019
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