Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-In an ongoing rash of renewals, a Northpointe Centre tenant has put the pen to the paper for 32,856 sf of class A-minus office space in Dallas while another re-upped a 4,092-sf pact at the Chase Bank Building in Garland.

Ikon Office Solutions Inc. did look around, but the ability to “restack the space for more efficient use” helped make the call to stay in place, Ed Soriano of Dallas-based Staubach Co. tells GlobeSt.com. “The landlord was able to structure the best deal in the market.”

Soriano, the account manager, and Jeff Ellerman, senior vice president, represented Ikon in the site search and signing while Barbara Bennett of Dallas-based Trammell Crow Co. did the talking for the Dallas-based limited partnership owner of 12005 Ford Rd., an office property with about 200,000 sf.

Soriano says the unusual part of the negotiations was the tenant, though shaving some space now, retained a first right of refusal for abutting expansion space in the final document. Ikon, a tenant for about seven years, was occupying 45,000 sf, according to Soriano.

In Garland, the Chase Bank Building kept DefaultLink Inc. on the tenant roster. The firm added some office area in the reworked lease that totals 4,092 sf. The deal’s lone broker, Beaux Riley of SCM Real Estate Services in Arlington, represented the building owner, Garland Associates.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.