AT&T had 24,000 sf in the building, but stepped into anextra 14,244 sf of sublease space after lead tenant Vallen Safety& Supply Co. moved out of a 34,000-sf office. David Carter ofHouston-based Yancey-Hausman tells that Vallen wasbought out by Atlanta-based Hagemeyer PPS of North America, drivingthe office shutdown and move out of town.

The Yancey-Hausman building is 97% leased, but there is 20,000sf of sublease space leftover from Vallen's exit of the sixthfloor. The sublease space is quoted at $18 per sf, $5 less than thedirect rate for the class A suburban office building, says aninsider.

Michael Caffey of the Dallas office of Jones Lang LaSallerepresented AT&T in the lease negotiations. AT&T houses itsadministrative offices in the building.

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