Dallas, TX (June 12, 2025) — Newmark announces the company has arranged a 186,000-square-foot office lease for global telecommunications giant AT&T at The Tower at Lakeside in Richardson, Texas, part of the prominent 807,354-square-foot Lakeside Campus. The transaction, in which Newmark represented ownership Provident Realty Advisors (“Provident”), marks the largest new lease signed in the Richardson submarket since 2018 and one of the top leases signed in Dallas year-to-date.
Dallas-based AT&T will occupy seven floors of the 16-story, 412,000-square-foot Class A office tower at 2221 Lakeside Boulevard under a long term lease agreement. The new space will consolidate multiple regional sites, with the company’s Richardson workforce projected to more than triple, growing from about 400 employees to nearly 1,400. Move-in is anticipated in November 2025.
Newmark Executive Managing Director Nathan Durham represented Provident in the lease transaction. AT&T was represented by Troy McDonald of CBRE and Lawrence Gardner of OMS Strategic Advisors, LLC.
“Major corporations are increasingly anchoring their operations in Dallas’ suburban submarkets, signaling confidence in the region’s evolving office ecosystem,” said Durham. “This influx is driving a wave of large-scale leasing activity, particularly in Class A buildings with modern amenities, establishing these areas as key employment hubs.”
“Historically, the Richardson area has been instrumental in shaping the technological advance of the Dallas metroplex. We are pleased to continue that tradition by welcoming AT&T to 2221 Lakeside,” said Stuart Fink, Managing Director of Provident. “We remain focused on investing with purpose and aligning with industry leaders to deliver long-term value. This lease is a strong example of that approach in action.”
According to Newmark Research, the flight to quality trend continues to shape the Dallas-Fort Worth office market, with Class A space accounting for 71.5% of total square footage leased in the first quarter of 2025. Richardson has stood out among submarkets, driven by large occupier commitments – including GEICO’s Q1 lease at Galatyn Commons B, expected to bring 1,500+ jobs to the area.
The Tower at Lakeside features a full-service café, a state-of-the-art fitness center, a modern tenant lounge and a contemporary lobby. The campus is strategically positioned along North Central Expressway (US-75), minutes from the University of Texas at Dallas and corporate campuses for State Farm, Blue Cross Blue Shield, Raytheon and Texas Instruments. Newmark facilitated the sale of the Lakeside Campus to Provident in October 2024.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
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[1] Newmark Research