Kim Butler of Transwestern Commercial Services' Dallas office tells GlobeSt.com that the 10-year tenant definitely shopped the market before signing to stay. Texas Health Resources' location includes a drive-through lane in the 10670 N. Central Expressway office building. Butler says she has a 20,000-sf tenant waiting to sign the final document, action that's likely to take place in January.
Butler and Transwestern's Blair Oden represent L&B Realty Advisors, the Dallas-based asset manager for the building's pension fund owner. David Creiner of Jackson & Cooksey structured the pact for the tenant. The building's quoted rate is pushing $18 per sf, according to the North Texas Commercial Data Exchange database.
Also in Dallas, a class B office at 4141 Blue Lake Circle is being outfitted for Accumed Home Health of North Texas for a Jan. 1 occupancy in a 2,491-sf suite for a second location on the Dallas side of the metroplex.
The tenant's broker, Steven Schneider with Grubb & Ellis Co.'s Dallas office, says a quick site search turned up a handful of buildings with the three-year deal swinging to the best offer and location for the health-care provider. "It was market rate for buildings in the LBJ area," Schneider says. John Grace with CW Dalcan Management Services Ltd. represented the Dallas-based building owner, Daltex Centre LP.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
