NYSE Texas Branch Opens at Harlan Crows Old Parkland Campus in Dallas: A Major Move for the Texas Capital Market

The New York Stock Exchange (NYSE) has made a significant move into the Texas market with the opening of a branch in Dallas. According to sources familiar with the deal, the Texas branch of the exchange has leased 28,000 square feet at Harlan Crow's Old Parkland, an office campus known for its family offices.

Old Parkland, located at 3819 Maple Ave, was developed by Crow Holdings and is described as a "veritable office country club" and "one of the most coveted office parks in Preston Center" by Steve Triolet, senior vice president of research at Partners Real Estate. The campus spans over 1.4 million square feet and is a designated historic landmark in Dallas. It was restored in the 2000s by Harlan Crow's family firm, and Crow Holdings moved its headquarters there in 2006.

The NYSE Texas branch includes "Founding Member" listings such as D.R. Horton, Jerry Jones' Comstock Resources, Trump Media & Technology Group, and Stellar Bancorp. Nasdaq has also recently announced a Texas regional headquarters, and the Texas Stock Exchange, a new capital market backed by BlackRock, Citadel Securities, and Charles Schwab, plans to open next year. NYSE Texas launched this year as a fully electronic exchange.

Dallas' burgeoning Y'all Street also includes Goldman Sachs' $500 million campus, under development by Hunt Realty Investments and Hillwood Urban. Meanwhile, Wells Fargo's 22-acre regional headquarters in the Las Colinas area of Irving is in development by KDC. Texas companies have more NYSE listings than any other state, with over $3.7 trillion in market value.

The campus at Old Parkland is "meticulously planned to inspire camaraderie among tenants," according to its website. Prospective tenants must pass through a screening process before admission, and the upcoming amenities include a gym, fine dining restaurants, and private meeting rooms.

The expansion of the NYSE into Texas is a significant development for the state's financial industry and is expected to bring new opportunities for investors and businesses alike. With its strong presence in the region and its commitment to providing top-notch amenities and services, the NYSE Texas branch is poised to become a major player in the Texas capital market.