TXU Corp.’s Luminant unit has leased more than 60,000 square feet in the Victory project, where it plans to relocate a large number of office workers.
Most of those employees now work in the Energy Plaza tower on Bryan Street.
Luminant is taking three full floors in one of the Victory Plaza office and retail buildings at the south entrance to the American Airlines Center arena, according to real estate brokers.
The big utility isn’t saying yet how many workers will be moved to Victory.
TXU spokeswoman Lisa Singleton said Thursday that it is too early for the company to talk about “who might move and when.”
“With the merger, we’ve talked about further separating the businesses, so we’re looking at additional locations that would help us do that,” Ms. Singleton said in an e-mail.
Luminant bills itself as the largest manufacturer of electricity in Texas. It was TXU’s power generation business and other related operations.
With TXU’s pending $45 billion sale to a group of investors led by Kohlberg Kravis Roberts & Co., the company’s operations are being broken up into three firms with separate headquarters.
Along with Luminant’s planned move to Victory, retail unit TXU Energy has previously said it would move to Las Colinas.
And TXU also has said offices of Oncor Electric Delivery, its regulated transmission business, will remain in downtown Dallas.
“I am thrilled that the decision has been made to keep Luminant in the greater downtown area,” said John Crawford, president and CEO of Downtown Dallas, a business and economic development group.
“It speaks well for the importance of a downtown-area address. “And keeping two out of three of the TXU companies is not bad.”
The Luminant office deal is another plum for Victory, which has recently landed a string of high-profile office tenants.
Accounting firm Ernst & Young, law firm Haynes & Boone LLP and PlainsCapital Bank have announced plans to move their operations to the One Victory Park office building, which is under construction at Lamar Street and Victory Avenue.
With the Luminant deal, developer Hillwood has leased most of the office space in the two Victory Plaza buildings, which also have restaurants and retail space.