The largest deal, 37,000 sf, will put a newly hired consulting team for DART into its working space to plot the transit system's expansion. The team has started its move-in to the "as-is" office accommodations that have been vacant for 10 months to a year, Tom Ligon Jr. of Grubb & Ellis Co.'s Dallas office tells GlobeSt.com.
Ligon, One Main Place's director of leasing, and John Kappus, the structure's leasing manager, negotiated the five-year pact on behalf of building owner, New York City-based RAK Main Place Associates LP. DART relied upon its in-house real estate team for the talks, which began last summer.
The DART deal falls within weeks of a 13,693-sf, 10-year renewal for the Dallas County Local Workforce Development Board. Ligon and Kappus again negotiated for the building owner while Laurie Wilkerson of Dallas-based Staubach Co. represented the tenant.
The back-to-back closings take the class B high-rise at 1201 Main St. to 83% occupancy, according to Ligon. The well-known downtown building is just coming off a redo of common areas, ground floor and its 65,000-sf retail center situated in the tunnel system.
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