Tom Allen, the Dallas partner for the Los Angeles-based Maguire,tells that the deal has triggered a review of the900-acre Solana's master plan since there is another 125 acres,fronting Texas 114, now in the land bank. "We'd like to look at awide use, including some interesting residential product," he says."We want to make sure what we do is the right thing for thedevelopment and the community." Solana is split between Southlakeand Westlake, with both cities barring multifamily development.

Allen says Sabre Holdings came to Maguire in May about buying 1E. Kirkwood Blvd., one of three headquarters buildings in theSouthlake section. Sabre also leases about 525,000 sf at 3 CampusCircle and 6 Campus Circle in Westlake.

The sale-leaseback, though, isn't worry-free. In an SEC filingin September, Sabre declared a plan to sell the building toMaguire, vacate it in late 2007 or early 2008 along with the leasedspace in Westlake. The consolidation would drive 1,200 workers into3150 Sabre Dr., a 488,000-sf, two-building complex that abutsMaguire's new 20-acre asset. Should the consolidation play out,Sabre's top execs estimate they can save $10 million per year.Sabre's campus houses teams for Travelocity, GetThere, Sabre TravelNetwork and Sabre Travel Solutions.

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