Fujitsu, Hall Sign Incentive-Packed, 89,000-SF Lease

Fujitsu had been in market at least nine months. Hall Financial Group and Fujitsu crossed the finish line 60 to 90 days after a proposal was put on the table, says Donald Braun, Hall's president. Fujitsu's per sf rate for 2801 Network Blvd. isn't being bandied about, but quoted rates in the park fall between $22 per sf and $23 per sf.

"We had to be creative about our leasing," Braun admits. He tells GlobeSt.com that the deal came with the usual free rent that's offered in the marketplace, expansion options and a grant from the Frisco Economic Development Corp. to offset relocation costs. The exchange is 300 jobs and the economic boon associated with being the home court for another major corporate headquarters.

Fujitsu's move is about a 10-mile hike from its current office. Braun wasn't privy to the relocation analysis, but is confident the address works with the employment base, a key factor in Dallas-Fort Worth decisions in recent years as traffic snarls worsen.

Austen Mulinder, president and CEO of the specialty Fujitsu group, says the park's positioning to "the newest, most state-of-the-art stores of our flagship customers" played a critical part in the decision. The group is a supplier of hardware, software and services to retail and financial services markets and a part of a $38-billion corporate hierarchy.

The corporation is taking the first five floors of the eight-story, 200,000-sf, class A building. Scott Bumpas of Fischer & Co. in Dallas represented Fujitsu. Buddy Langston, Hall Office Park's leasing director, did the talking for Hall Financial Group.