One Relocates, One Expands With Class A Acts

DALLAS-Dallas deal making for class A office space has brought one newcomer to Park Central 7 in the LBJ Freeway and a tenant's extension with tack-on at the Twin Towers in the Stemmons submarket.

Avidyn Inc. made the move to Park Central's 12750 Merit Dr. in a five-year pledge for 10,000 sf with expansion options in the 10-story building. Dallas-based WorkPlaceUSA steered the site search, negotiations and finish-out for the tenant, who surveyed the market for 10 months before taking a value-packed deal. John T. Amend, president and CEO of WorkPlaceUSA tells GlobeSt.com that aggressive negotiations sliced 30% off the existing rate, brought free covered parking and secured a tenant improvement allowance hefty enough to cover the build-out costs.

Avidyn relocated to the Dallas headquarters from the Keller area, exiting 16,000 sf in a two-story, 20-something, class B building for a more efficient floor plan in a premier complex of three buildings, boasting 845,919 sf of class A space.

Sandie Matejek of Jones Lang LaSalle in Dallas negotiated the terms for the building owner, Park Central 789 Realty Holding Co. Inc. of New York City. Amend was assisted in the tenant's representation by Victor Sansone, WorkPlaceUSA vice president. Avidyn is a leading health-care services firm that provides business solutions for the industry.

In the Stemmons submarket, the San Diego-based Shidler Group reworked a pact with Interactive Learning Systems Inc. for a lease extension and expansion at Twin Towers at 8585 N. Stemmons Freeway. In packaging the deal valued at $409,000, the tenant added two years to the term for 8,355 sf and backed it up with a 62-month pact for another 2,738 sf.

Malcolm Ross of Jones Lang LaSalle in Dallas represented the Shidler Group. Stephen Jenkins of Stephen Jenkins Commercial Real Estate Services in Dallas brokered the terms for the tenant, a Battle Creek, MI-based school for a comprehensive, stand-alone English-language program and computer courses.