Uptown Duet Reserves 43,984 SF of Class A Space

Eagle Materials Inc. has committed to 29,136 sf on floors 11 and 12 for the long term while Wilson & Associates holds tight to 14,848 sf or the entire 15th floor for another seven years in a round of deal-making that puts occupancy at 77% in a 291,895-sf high-rise, Darryl Cothron with Houston-based PM Realty Group's Dallas office tells GlobeSt.com. Wilson & Associates renewed a year early, but Eagle signed for one floor and then came back for more at 3811 Turtle Creek Blvd.

Cothron's spent the past year working to fill a five-floor vacancy created by Pegasus Systems Inc. And, he says, he's managed to backfill four of the one-time tenant's five floors in a down market. The first wave of Eagle Materials' employees moves in this weekend; the balance follows in June.

The newly formed Eagle Materials will share the lead tenant role with Computer Sciences Corp. in a high-rise with a quoted rate of $23 per sf plus electric. Cothron says the highly chased deal took 90 to 120 days to negotiate. In the end, he says "it was the building and the floor plates. The size is perfect for them." Centex is selling its commercial real estate and reclaiming a sole focus on residential development, suburban and urban. The final step in the restructuring was approved last week by shareholders, who upheld a plan for Centex Corp. to acquire the 3333 Holding Corp. and Centex Development Co. LP. Stockholders of record on Feb. 29 will receive an amount equal to two cents per share of Centex common stock, payable March 10. As for Eagle Materials, it moved to separate trading on the New York Stock Exchange as of Feb. 2. The group manufactures and distributes cement, gypsum wallboard, recycled paperboard, concrete and aggregates.