DALLAS-With six years left on its term, General Information Services Inc. has reworked its 24,875-sf lease to add 22,558 sf of class A office space and push the expiration through 2021. The six-year tenant gets keys to the extra space June 1.

The GIS decision will create a 24/7 data center on the third floor of Banner Place North at 12770 Coit Rd. in North Dallas. “They are investing a lot of money into their data area to duplicate what they have in their headquarters office in Chapin, SC,” says Michael J. Haase of Dallas-based Gaedeke Group.

Haase says GIS extensively shopped the market before settling down four months ago to negotiate the expansion deal with him and Gaedeke’s Belinda Dabliz, who lease the building for Gaedeke Holdings II Ltd. “They’re making an upfront investment to make this deal work for them,” he says. He tells GlobeSt.com that GIS is kicking in $25 per sf to the owner’s $20 per sf to $25 per sf tenant improvement allowance.

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