Breaking will be offline for scheduled maintenance Saturday May 8 3 AM US EST to 12 PM EST. We apologize for the inconvenience.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-A property management company will shift its class A office this weekend, picking a recently vacated 6,500-sf spot on the 11th floor of Beal Bank Center Two. The tenant who exited didn’t go far, moving down a floor and adding some room to grow at the North Dallas building.

Executing the final leg to the two-phased space shuffle is Four Partners LLC, which signed a 5.5-year lease for a half floor in the 178,104-sf Beal Bank Center Two at 15660 Dallas North Parkway, Tim Terrell, senior vice president for Stream Realty Partners in Dallas, tells The firm is moving from Sherry Plaza at 5949 Sherry Lane.

Terrell was the sole broker on the Four Partners lease that put the building, owned by Beal Mortgage Inc. of Dallas, at 87% occupancy with the signing. “We met the market,” he says of a deal for an office property with a quoted rate of $15.50 per sf to $16.50 per sf, full service.

The property manager took over space emptied recently by Phoenix Aviation Managers, which went from 9,393 sf on the 11th floor to 10,638 sf on the 10th floor. The longstanding tenant added 5.5 years to its term to take the expiration date to September 2010, Terrell says, adding the firm extensively shopped the market in Uptown, Preston Center and North Dallas before signing to stay. Greg Langston of Dillon Corporate Services-Cresa Partners in Dallas represented the tenant.

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 now!

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

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