GlobeSt.com has confirmed the full-building lease for 6665MacArthur Blvd. has been cemented with a term exceeding 10 years.Dealmakers are unable to discuss details. The new tenant also hasdeclined comment, adding that a press release will be forthcomingat the end of this week.

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Word is Caris Diagnostics plans to consolidate several locationsin Greater Dallas in late spring or early summer to the three-storybuilding, owned since June 2001 by New York City-based iStarFinancial Inc. Caris' headquarters presently is located at 8400Esters Blvd., also in Irving, while its leases other space at 1473Terre Colony Ct. in Dallas, 310 E. Interstate 30 in Garland and5215 N. O'Connor Blvd., also an Irving address.

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Caris' lease could be the largest one inked to date this year inLas Colinas, a favored landing spot for corporate America.Verizon's 10-year lease of the 11-year-old building burned out inMarch, with the telecommunications giant moving the division backto its nearby campus.

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Sierra at Las Colinas was primarily marketed for single-tenantuse after Verizon's exit. The quoted rate was $22.50 per squarefoot to $23.50 per square foot plus electric. Given the leasingvelocity in recent quarters, it's a safe bet that talks weresomewhat aggressive to win the full-building deal. According toCushman & Wakefield of Texas Inc.'s third-quarter stats, the26.7-million-sf submarket is 23.5% vacant, but leasing activityfilled 1.6 million square feet in Q3. an increase of 260,339 squarefeet from Q3 2007's closed deals. The report put the average rentat $22.24 per square foot, up 90 cents per square foot in the pastyear.

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Caris Diagnostics, a wholly owned subsidiary of CDx Holdings, isa privately held investment partnership with more than $350 millionof assets under wing, according to its website. The company focuseson long-term strategic investments in a variety of industries,including health care, energy and financial services. Becausedealmakers and the company are mum about the deal, it could not bedetermined if the new lease is a signal that another company oradditional assets have been bought.

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Caris had Jones Lang LaSalle managing director Scott Collier andsenior vice president Doug Carignan overseeing the site search andlease negotiations. The building owner's re-tenanting drive was ledby Atlanta-based Cousins Properties Inc. senior vice president MarkDickenson and vice presidents Matt Schendle and Cynthia Cowen.

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