26,605 SF of Office Leases OK'd

The largest space taker is First Cash Inc., which renewed a 14,030-sf headquarters office and signed for another 4,000 sf in the 89,725-sf Enterprise Office Center at 690 E. Lamar Blvd. in Arlington. The five-year, class B lease was negotiated by Fletcher Cordell of Transwestern Commercial Services' Dallas office, who represented building owner, KBS Realty Advisors of Newport Beach, CA. Jim Eagle of Red Oak Realty in Fort Worth negotiated for First Cash, an operator of more than 200 pawnshops and check-cashing outlets in 11 US states and Mexico.

The longest term in the just-closed trio was secured by San Diego-based Shidler Group, which locked in Southwest Financial Federal Credit Union to a 61.5-month lease for a 5,178-sf renewal of class A space at the Twin Towers at 8585 Stemmons Freeway. The renewal keeps occupancy at 84% in a building with a quoted rate of $15 per sf to $17 per sf. Negotiating the deal were Malcolm Ross of Jones Lang LaSalle, Shidler's Dallas broker, and tenant representative, Robert Deptula of NAI Stoneleigh Huff Brous McDowell.

Shidler also cornered a 3,397-sf, class A lease for its Atrium at Collin Ridge, an 82%-leased suburban office building at 500 N. Central Expressway in Plano, according to Shidler's general manager, Juan Escudero. The Addison-based BSM Financial LP penned a two-year lease in an expansion of its metroplex roster. Ross, again brokering for Shidler, is quoting $19 per sf to $23 per sf as the opener for talks. Steve Ewing of Princeton Partners in Dallas represented the tenant, who settled in last month.