An international real estate firm is relocating its local office from the 'burbs to downtown.

Savills Studley is shifting its operations from Addison to the Chase Tower on Ross Avenue downtown.

The commercial real estate firm is growing its North Texas office by about 15 percent with the lease on the 48th floor of the skyscraper.

Savills Studley gains room for about 30 percent more employees with the move.

"Like the North Texas office market and broader economy, the roster of talented professionals and transaction activity within our firm's Dallas office has experienced significant growth in recent years," said executive managing director and Dallas co-branch manager Frank McCafferty said in a statement. "Our new space in Chase Tower will provide an expanded and more collaborative work environment for our employees, and is at a strategic location in close proximity to a wide range of businesses, trophy assets and developments contributing to the region's continued growth story."

Savills Studley joins the steady migration of commercial property firms in recent years from the northern suburbs to Dallas' Uptown and downtown markets.

The company plans to move into Chase Tower in February.

DLR Staffelbach is designing the office.

Savills Studley's Dallas office was formed in 2000, specializing in tenant representation.

Stream Realty Partners negotiated the Chase Tower lease.

Savills Studley part of London-headquartered Savills plc, which has more than 180 offices around the world.