The Austin-based Texas Mutual Insurance Co. took down 22,316 sfin a 10-year lease for Waterway Tower at 433 E. Las Colinas Blvd.and Matheson Tri-Gas Inc.'s industrial division carved out 16,128sf in a seven-year deal for Las Colinas Commons at 1525 W. WalnutHill Rd. Both tenants are eyeing move-ins around Sept. 1.
"Deals are getting closed in Las Colinas," Brandon Henry, seniorassociate with Stream Realty Partners/Oncor in Dallas, tellsGlobeSt.com, "but if there's a 20,000-sf deal in the marketplace,you've got to stay after it. Both are fairly indicative of thatmarket, you've got to be persistent."
Texas Mutual will pick up roughly 4,000 sf of extra room when itmoves from 13411 Mockingbird Lane in Dallas. Henry says the leaseexpires in 2007 so it could end up on the sublease market.
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