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DALLAS-After a three-year stay on a subleased floor, a mortgage banking compliance firm has sealed a direct deal for 25,832 sf of class A space in Cityplace Center. The five-year lease kicks in Aug. 1 when the sublease expires.

McGlinchey Stafford & Youngblood & Bendalin narrowed its yearlong search to Cityplace at 2711 N. Haskell Ave. and Campbell Center at 8350 N. Central Expressway, but opted to keep its office as-is when negotiations headed into the final stretch, Grant Laughlin, president of Laughlin Commercial Realty Group in Dallas, tells “They got pretty aggressive,” he says. “It was a good deal and it made a lot of sense.”

According to information on the North Texas Commercial Association of Realtors’ website, Cityplace, owned by locally based Prentiss Properties, has its class A space on the market for $24 per sf plus electric. Campbell Center’s class A quoted rate is $17.50 per sf to $18.50 per sf plus electric.

Laughlin says the New Orleans-headquartered mortgage banker began an extensive search about a year ago for replacement space. The firm occupies the 27th floor, one of two once filled by Minneapolis-based RBC Dain Rauscher Inc. Duane Henley with Prentiss Properties steered talks to retain the name for the 1.4-million-sf Cityplace Center, better known as the longtime headquarters of 7-Eleven Inc.

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