The deal went full circle in 90 days, with Drive Financialgrabbing a full floor of contiguous space to get room for severalhundred upcoming hires, Seth Weinstein, principal of locally basedPredium, tells GlobeSt.com. Just last year, the specialty lenderrenewed its five-floor block in the 12-story building at 8585Stemmons Freeway.
"Our goal was to reduce occupancy costs on the expansion whilemaintaining flexibility for a rapidly growing business," Weinsteinsays. Drive Financial will get the keys March 1 to the fourthfloor.
The negotiated deal won a $328,806 finish-out, being done byFortis Commercial Construction of Dallas, and five months of freerent along with expansion rights for the building's balance. TheTwin Towers' footprint totals 449,000 sf, with Drive Financial nowin 25% of its building.
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