News

Veritex Community Bank expands Texas footprint with newly renovated Dallas office

By Michele Schueler on Aug 10, 2020 at 05:12 PM in Industry News

NAI Robert Lynn landed a sublease deal in Dallas for Veritex Community Bank, a Texas-based bank specializing in business banking, commercial loans, small business lending, treasury management and mortgages. NAI Robert Lynn executive vice president and principal, Kent Smith, represented Veritex Bank along with Dan Boyles of NAI Partners in Houston.

Veritex Bank is expanding its Dallas banking operations with the newly remodeled, 26,418-square-foot space inside the high-rise office building at 12750 Merit Drive. The new office is conveniently situated near the intersection of I-635 and U.S. 75 and is about seven miles from Veritex Bank’s headquarters.

“It’s a unique space that was occupied by a global wealth management firm that had remodeled within the last two to three years,” said Veritex executive vice president, Rudy Beeching. “Thanks to NAI Robert Lynn we’re moving from a traditional space to a bigger, open workplace environment with great collaborative workspaces.”

The space will accommodate up to 150 of Veritex Bank’s 700-plus statewide employees. Updated amenities include a conference center, comfortable tenant lounges, a state-of-the-art fitness center and deli. The new office location is also within proximity to the Westin Dallas Park Central Hotel.

“This a huge deal for the office real estate industry because we completed it during an unprecedented pandemic,” Smith said. “The deal was finalized in early April and is a long-term sublease that included tenant improvements from the building and the sublandlord. The building amenities will provide Veritex Community Bank employees a lot more to look forward to when at work. NAI Robert Lynn was thrilled to represent this well-known, highly regarded bank.”

Veritex Bank will move into the space in October.