Hines senior vice president Michael Harrison tells GlobeSt.comthat approximately 26,000 sf represents expansion space for NCL."NCL looked at many options including relocating to other areas,but concluded that this was a main location from which to conductits business," Harrison says.

James Travers, of Travers Realty, represented the tenant in thetransaction and Hines asset manager Gonzalo Cortabarria representedthe property owner, Houston-based Hines REIT Inc. NCL is planningto renovation the space, including adding a cafeteria, fitnesscenter and conference facility.

With the agreement, NCL now leases approximately 20% of theAirport Corporate Center, including all of Building 11 and 65% ofBuilding 10. Since acquiring Airport Corporate Center in January,Hines has completed approximately 300,000 sf in new leases,renewals and expansions. It was Hines' first acquisition inFlorida. "We secured roughly 30% of the building with long-termtenants," Harrison says. "This really helps us to set up apredictable stable cash flow for this asset."