FARMERS BRANCH, TX-Employers Direct Health has renewed 18,750 sf of its headquarters location, signing a five-year lease with an 8,750-sf giveback. The returned space is due to stepped-up automation, the tenant rep says.

The company, billed as a one-stop shop for employees’ benefits administration, has had its headquarters in the entire single-story building at 5050 Spring Valley Rd. for seven years, Russell Cosby, senior vice president of Magellan Commercial Realty Inc. in nearby Irving, tells “We looked around at other options,” he says, “but we were able to make a good competitive deal to stay where they area.” The corporate execs inked the deal with couple months left to go on the previous pact, he says.

The class B office building abuts Providence Tower. The striking point for comparable space in North Dallas is $16 per sf to $17 per sf. Scott Porter of Regis Realty in Dallas represented the building owner, NLP Cooley Associates of Dallas.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.