Kinko's also holds an option for an additional 100,000 sf, say published accounts. The 513,533-sf, 26-story structure, built in 1991, is quoting office rates of $27 per sf, but the deal undoubtedly went for a bit less, given today's office climate in the Dallas-Ft. Worth region. Located at 13155 Noel Rd., the building carries an assessed market appraisal of $81.3 million, according to the Dallas Central Appraisal District.

Gary Kusin, Kinko's president and CEO, says "the area offers the right mix of economic and practical benefits." It also doesn't hurt that Kusin's from Texas. Several DFW cities were vying for the headquarters, but, Kusin says, "Three Galleria Tower offered the right combination of financial terms, ideal space, great central location and unparalleled access to amenities." Those North Dallas amenities, as those in the region know, means being positioned in a submarket bustling with activity, high-end shopping, ready freeway access and ample residential product of all types.

Dallas Mayor Ron Kirk, who is exiting his post in a bid for congressional seat, says Kinko's decision "is a testament to the vitality of the Dallas economy." It was a team effort to hook the player. Ernst & Young, hired by Kinko's, was put on the trail of economic development incentives while the Staubach Co. in Dallas handled the bargaining table banter to grab the best possible deal in a market hungry for more relocations and large users, just as is prevalent in every other US major market. The relocation begins in first quarter 2002. Benson Hvalaty Architects is designing the finish-out for the new headquarters.