Portland Financial Company Announces Dallas Expansion, Heads Uptown to QUAD » Dallas Innovates

quad [Rendering: Stream Realty Partners]

M Financial Group, a leading financial services firm headquartered in Portland, Oregon, has signed an agreement to open its first Dallas office in Stream Realty Partners' The Quad development at 2699 Howell Street. Stream announced Thursday.

M Financial Group, which announced two weeks ago that it would open a Dallas location, is a financial services firm with a network of more than 130 independent member firms in 36 U.S. states and the United Kingdom.

The lease covers approximately 52,000 square feet in a 12-story office building under construction in the heart of Uptown Dallas.

“Our expansion into Dallas provides us with a more centralized location that allows us to better serve our broader community of member companies and their customers,” Russell Bunschuh, president and CEO of M Financial, said in a statement. You can get it,” he said.

Bundschuh said QUAD gives the company “the best of both worlds.” The location in Uptown Dallas is surrounded by a “thriving financial services sector and all the benefits it brings.”

Construction on The Quad. The 12-story office building is scheduled to be completed in March 2024. [Photo: Stream Realty Partners]

First office outside of Portland base

M Financial, which has been based in Portland since its founding in 1978, said the Dallas expansion is its first foothold outside the Portland area.

QUAD, a development project branded by Stream Realty Partners as the dawn of “another Dallas,” broke ground in 2022. The project's site was once home to the Quadrangle, Dallas' first mixed-use development, dating back to 1966.

Scheduled for completion in March 2024, M Financial Group will call it home. The move to the distinctive QUAD building in Uptown Dallas could be the next chapter for the company founded by industry pioneers.

Founded by Eli Morgan, Mark Solomon, Karl Mammell and Peter Marin – “the four women who make up the heart and soul of M Financial Group”, the 45-year-old financial company is driven by vision, tenacity and , and brought boldness. “It's about disrupting a 100-year-old industry that has become complacent,” Bunschuh said.

The company is celebrating its 45th anniversary this year, and recently commemorated the innovation and entrepreneurial spirit of “The Four Ms” with a mural installed in its Portland office.

M Financial Group industry innovators Eli Morgan, Mark Solomon, Carl Mammel and Peter Mullin are featured in a new mural at the company's Portland headquarters. Image: Video screenshot]

M Financial Group operates a network of companies specializing in integrated financial services. The company provides customized insurance and executive benefits solutions to high-net-worth individuals, corporate executives, entrepreneurs, and Fortune 1000 companies through a network of independent companies.

Quad details

“We place a high degree of emphasis on all the activities we do uptown because it is integral to our reputation as Dallas' largest domestic commercial real estate service provider,” said Stream co-founder Mike. -McBean spoke at the project's groundbreaking ceremony last year.

“QUAD is the largest single investment we've ever made in Dallas. If you're not a big player in the urban core of your home market, you're not a player.”

QUAD is a 345,425 square foot state-of-the-art office building and surrounding 18,500 square foot retail area.

“We have received a strong response from the market to our offer at The QUAD, particularly in relation to the building's differentiated design, amenities and technology,” said Stream Executive Managing Director and Development Partner said Ramsey March in the article. statement. “As we prepare for the building's opening early next year, our lease with M Financial signals that leasing momentum is expected to accelerate as tenants get a glimpse of the finished product.”

Stream said M Financial is the third office tenant to sign a lease at The QUAD.

Other leases are secured

Earlier this year, Levantage, a portfolio company of Blackstone Real Estate, agreed to use 32,000 square feet for the development. Chicago Title, the largest title insurance company and provider of real estate products, is the first office tenant to commit to the project, agreeing to occupy 21,000 square feet.

Two Hands, a community-based eatery based on Australian cafe culture, was also the first retail tenant to sign a lease.

Stream said it will announce the rest of the restaurant lineup later this fall.