DALLAS-Drive Financial Services has boosted its class A headquarters lease to 107,065 sf in the Twin Towers, adding 18,267 sf in a long-term extension. The seven-year tenant will soon be occupying six full floors.

The deal went full circle in 90 days, with Drive Financial grabbing a full floor of contiguous space to get room for several hundred upcoming hires, Seth Weinstein, principal of locally based Predium, tells GlobeSt.com. Just last year, the specialty lender renewed its five-floor block in the 12-story building at 8585 Stemmons Freeway.

“Our goal was to reduce occupancy costs on the expansion while maintaining flexibility for a rapidly growing business,” Weinstein says. Drive Financial will get the keys March 1 to the fourth floor.

The negotiated deal won a $328,806 finish-out, being done by Fortis Commercial Construction of Dallas, and five months of free rent along with expansion rights for the building’s balance. The Twin Towers’ footprint totals 449,000 sf, with Drive Financial now in 25% of its building.

Weinstein and Predium principal Mitchell Wolff negotiated the pact with the building owner’s in-house broker, Brian Roach of Jamison Properties Inc. Weinstein says alternative sites for the extra room were under consideration. “But in the end, it made sense to keep it all under one roof,” he added. The Twin Towers’ footprint totals 449,000 sf, with Drive Financial now in 25% of its building.

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