Trizec Hits Triple: 62,500 SF at Two Galleria

Triad vacated floors 19, 20 and 21 in the 24-story, class A office building. "The appeal of those floors was their location at the top of the building," De De Willis, in-house leasing representative for the Chicago-based building owner, Trizec Properties Inc., explains to GlobeSt.com. "We did a triple hit that backfilled that gap."

The largest contract, spanning 10 years and nine months, was penned by Fischer & Co., which will relocate from about 15,000 sf on two floors in One Galleria in early November. Willis says Fischer was checking out market options when Triad walked out the door, jumpstarting talks for part of the space. The corporate real estate firm, with Ted Uzelac as the deal's negotiator, has tapped the 22,538 sf or the entire 19th floor for its new address.

Eland Energy Inc., a privately held oil and gas company, took 22,458 sf or all of the 20th floor in a 10.5-year signing. Eland, which just moved into the office from Campbell Centre along Central Expressway, was represented by Jo Thompson of NAI Stoneleigh Huff Brous McDowell's Dallas office.

The next move-in comes Tuesday when Everest Partners LP gets keys to 17,653 sf in an 11-year commitment for the 21st floor. Jack Griffin of Barclay Commercial in Dallas negotiated for Everest, which is relocating from a class B building at the corner of Preston Road and LBJ Freeway. The firm is an international outsourcing company.

"We were fortunate to have the right space available in the area's premier office property to fill their space needs," Thom Ridnour, Trizec's regional vice president in Dallas, said in a press release.

Willis says "aggressive rental rates" were supported by low tenant improvements for all three offices. The 430,000-sf building, with a $21 per sf quoted rate, is one of three in the one-million-sf Galleria Towers complex, bought four years ago by Trizec. At last count, One Galleria was 82% occupied and Three Galleria, 78% leased.