The New York Stock Exchange Texas has secured its new home in Dallas.
The NYSE Texas will occupy 28,000 square feet at Harlan Crow’s Old Parkland, a business center known for its family offices.
Earlier this year, The Dallas Express reported that Trump Media & Technology Group became the inaugural company listed on the state’s first securities exchange. Now, the exchange has found its home at 3819 Maple Ave. on the campus developed by Crow Holdings.
The news that NYSE Texas has secured a home in Dallas marks the continuation of Texas’ trajectory as a growing financial hub. Texas is home to more companies listed on the NYSE than any other state and boasts over $3.7 trillion in market value.
In March, Nasdaq Inc. announced it would open a regional headquarters in Dallas to boost its presence in the Lone Star State. The Texas Stock Exchange (TXSE) is also gearing up to open, with its first trades set to be executed as early as this year.
Old Parkland’s history goes back over 100 years. In a former life, the city-designated landmark served as a hospital campus before being turned into an office park by Crow Holdings. The campus is known for its Classical Revival and Georgian style and spans over 9.5 acres today.
Senior Vice President of Research at Partners Real Estate, Steve Triolet, said Old Parkland is “a veritable office country club,” and “one of the most coveted office parks in Preston Center,” per The Real Deal.
In April, The Dallas Express reported that Dallas-based Crow Holdings agreed to sell a majority share in one of its investment portfolios to funds affiliated with Blackstone Real Estate. The deal, valued at $718 million, provides Blackstone a 95% stake in the portfolio, with Crow Holdings and its partners retaining the remaining 5% ownership.