Phil Sandlin, vice president for Bradford/Corfac Internationalin Fort Worth, says Omaha-based Tenaska did look around beforesitting down to rework the pact for its regional office at 1701 E.Lamar Blvd. in North Arlington. "They got themselves comfortablewith the market and what's available in that market," he says,adding "there aren't very many larges spaces in NorthArlington."

Sandlin tells GlobeSt.com that the eight-year tenant's 20,890-sflease had three years to go before expiration so the deal waspackaged as a co-terminus expansion with a five-year term andextension. "The ability to extend and on-site security was a plusfor them," he says. Talks began about six months ago.

Tenaska's office takes up the entire first floor of thebuilding's east wing and now part of the west wing's main level.Prior to the expansion, the independent power producer was tied insize with Texas Health Resources. Gary Walker, president of SCMReal Estate Services in Arlington, and his broker, Renee Efimoffrepresented the tenant.

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 2024 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.