The company, billed as a one-stop shop for employees' benefitsadministration, has had its headquarters in the entire single-storybuilding at 5050 Spring Valley Rd. for seven years, Russell Cosby,senior vice president of Magellan Commercial Realty Inc. in nearbyIrving, tells GlobeSt.com. "We looked around at other options," hesays, "but we were able to make a good competitive deal to staywhere they area." The corporate execs inked the deal with couplemonths left to go on the previous pact, he says.
The class B office building abuts Providence Tower. The strikingpoint for comparable space in North Dallas is $16 per sf to $17 persf. Scott Porter of Regis Realty in Dallas represented the buildingowner, NLP Cooley Associates of Dallas.
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