AmeriCredit occupies floors 35 and 36 plus it has an 11,000-sfdata center in the basement of the 40-story, one-million-sf BurnettPlaza at 801 Cherry St., which is owned by Dallas-based BehringerHarvard REIT I Inc. For months, the street talk has been that theCBD high rise is under contract.


Rick Hopwood with NAI Huff Partners in Fort Worth that AmeriCredit exercised its early termination rightlast April for a lease that was set to expire in May 2009. "It justmade economic sense for them to restructure that lease andrestructure it out another 10 years," he says.


AmeriCredit's master lease spanned 227,000 sf. But, Hopwood says100,000 sf has been subleased to "eight or nine" tenants in thepast three years, allowing the firm to right size with therestructuring. The AmeriCredit deal doesn't impact its Arlington,TX campus, he adds.


Jack Clark with Radnor, PA-based Brandywine Realty Trustrepresented Behringer Harvard in the negotiations. The building'squoted rate ranges from $20 per sf on the lower levels to $27 persf, plus electric, in the upper bank, according to the North TexasData Exchange. The building has 76,955 sf of open space, the vastmajority of which is in the upper bank.

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