Guaranty Bank has put together a deal for 76 months to renew itsoffice space and lease the retail area. The Austin-based bankcurrently leases just over 16,000 sf of office space on the fourthfloor of the 1.2-million-sf Three Allen Center. It has a retailbanking site just down the street at 1201 Louisiana St.

"Guaranty got very excited about the retail space in the lobby,"says Margaret Sigur, a leasing manager with Chicago-based TrizecProperties Inc. "They saw the opportunity to have a bank in thesame building with their offices."

Sigur, who represented the building owner, TrizecHahn ColonySquare GP LLC, tells Globest.com that Guaranty Bank has filed anapplication with the state and federal agencies that regulate newbank branches and is awaiting approval for the new branch. It isexpected that Guaranty Bank will begin building out the retailspace in January and will open in early February. Steve Crawford ofStanford Realty Advisors Inc. in Austin represented GuarantyBank.