Santander Re-Ups Dallas Tower Lease - Connect CRE

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Santander Consumer USA has renewed its 211,087-square-foot office lease at 1601 Elm St., a 50-story, 1.4 million-square-foot mixed-use tower in Dallas, and maintains the right to keep its name on the building.

Owned by Pacific Elm Properties, a subsidiary of Woods Capital, the property has been called Santander Tower since 2020. That’s when the tower began to transform into a mixed-use development. The tower owners added a 60-key hotel and a multifamily community. The Peridot Residences, a 290-unit luxury multifamily community, are located between the 18th and 25th floors, as well as the 37th and 39th floors. Mint House Hotel operates the hospitality space. The office-to-residential conversion was co-developed alongside Mintwood Real Estate.

Cushman & Wakefield’s Robbie Baty and Travis Boothe represented the tenant in the lease renewal proceedings.

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.