A Grand Prairie-based auto leasing firm is moving its headquarters to downtown Fort Worth.
D&M Auto Leasing's owner and its partner Anthracite Realty Partners LLC bought a 4-story office building at 1400 W 7th Street on downtown Fort Worth's west side.
The office building was purchased from accounting firm Whitley Penn, which is relocating its headquarters to Fort Worth's new Frost Tower.
Whitley Penn also just announced a new office in Plano's $3 billion Legacy West development.
D&M Auto Leasing's corporate offices will occupy the second and third floors of the 7th Street building with more than 100 workers starting in early 2019.
"We are very excited to expand our presence in Fort Worth by relocating our corporate headquarters into the heart of the city where many of our loyal customers call home," D&M CEO Mike Hernandez said in a statement. "Fort Worth's flourishing sense of community, combined with a highly skilled workforce, abundant labor pool and a pro-business attitude makes for an ideal location to deepen our roots and build on our 40 plus year history in the D-FW Metroplex."
D&M says it will continue to maintain offices in Dallas and Grand Prairie and Arlington.
Todd Davenport and Tyler Baucom with SCC Development Co. brokered the building sale with Cody Baker and Clint Corn with Maize Partners LLC and Todd Burnette and Cannon Camp at JLL.
"The sale of this property, timed with our move, gives us a great opportunity to re-energize our work environment for our team," Larry Autrey, managing partner with Whitley Penn, said in a statement. "Since we built 1400 W. 7th as our headquarters over 11 years ago, our firm is now five times as large as when we originally occupied the building."
Compass Bank occupies the first floor of D&M's new building and provided financing for the acquisition.D&M Auto Leasing was founded in 1976 by auto dealers Don Davis and David Moritz. Mike Hernandez bought the company in 2005.