Encore Acquisitions has added the 16th floor, or 23,199 sf, toits two-floor block, totaling about 46,000 sf, in Carter BurgessPlaza at 777 Main St. in Downtown Fort Worth. Talks began as asublease and ended in a direct deal with Crescent Real EstateEquities Co., which also headquarters in the high rise. GeorgeCurry, associate in the Fort Worth office for Dallas-based StaubachCo., tells GlobeSt.com that Carter & Burgess' sublease for the16th floor was terminated so Crescent could simultaneouslynegotiate a renewal and expansion with Encore.

"It was luck," Curry says of the takedown by the oil and gasexploration company, which renewed two years early on floors 14 and15 and added the 16th for a grand total of nearly 69,000 sf."Instead of being out in the market and potentially moving in acouple years, they're tied up for the next nine years," hesays.

Curry says Encore's finish-out will begin Oct. 1. Occupancy isplanned for Dec. 1. Encore's team consisted of Frank Taylor, KylePoulsen and Leland Prowse with NAI Stoneleigh Huff Brous McDowellin Fort Worth.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.