PSI Group Inc. signed an 84-month lease for Regency I at 1025Post & Paddock Lane in Grand Prairie, driving an immediatebackfill of about one-third of an Ohio State Teachers RetirementSystem-owned building that went dark as lease negotiations enteredthe final round. The structure had been used as a productionfacility by Executive Greetings Inc. of New Haven, CT, which fileda Chapter 11 bankruptcy at the year's start.

"We slipped right in as they were moving out," Dan Cook, seniordirector with Cushman & Wakefield of Texas Inc., tellsGlobeSt.com. "It was a sweet deal for the landlord...to be able tobackfill it immediately." He and Brad Jones, a C&W associatedirector in New York City, represented the Omaha-based PSI Groupand Kevin J. Santaularia, president and CEO of the Bradford Cos. inDallas, negotiated for the pension fund owner.

Cook says PSI Group, with a 25-city nationwide network for mailprocessing, will consolidate operations from 113th Street in GrandPrairie and the Turnpike Distribution Center in Dallas, but gainmore space with the relocations. PSI is making minimal change-outsto its portion of the eight-year-old, 405,780-sf building. Amid-August move-in is penciled on the calendar.