Trammell Crow principal Tony Click and vice president Jon McNeilhave signed 170,000 sf in leases since year's start, with dealscoming as work wrapped up on a 2 1/2-year, $35-million makeover ofthe Spire Realty-owned building at 2001 Bryan St. McNeil tellsGlobeSt.com that Chubb's 15-year pact is "definitely one of thelargest this year" for the Dallas office market. Negotiations gotunder way in April after Chubb's broker narrowed the relocationsearch down to Bryan Tower and Renaissance Tower, says McNeil. "Itwas a difficult transaction, but it was a quick transaction," hesays.

The lease makes Chubb the third-largest tenant in the tower,which now features a sky bridge from the office building to itsadjacent parking garage. The 28-year-old CBD building also housesBaylor Health-Care Services and Chase Bank. Occupancy is now ridingat 71%. "We've still got some room to go," says McNeil, who isconfident that more will come knocking on the tower's doors. "Ithas all the benefits of new space and still at a pricing point thatit is very attractive." The office space is being offered at $16.50per sf to $17 per sf plus electric, rates that significantlyundercut the CBD average. But, says McNeil, the strategy is workingto attract users to the class A building. He says the renovationwas so extensive that would-be tenants and brokers have "had torevisit Bryan Tower. They were amazed at the transformation. Spiredefinitely had an uphill battle to reposition that building."

When the project began, all but two tenants--Frost Bank and MCICommunications--moved out of the high-rise. Spire has managed theproperty since the acquisition, which is now under the leasingguidance of its original developer.

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