Champion Partners' Building One was up against three otherbuildings, all situated close to the Dallas/Fort WorthInternational Airport. Barney Sinclair, a Champion partner, tellsGlobeSt.com that the decisionmaker was the rate attached to thedevelopment's smallest building, a 75% office-25% warehouse flexdesign for a single user or multi-tenant. "The economics of comingto Corporate Ridge were very attractive when compared totraditional office space," he says. "We were ready to multi-tenantif we needed to, but it's a good size for a single user." CorporateRidge at 1200 Lakeside Pkwy. is a mix of several product types witha varied rate structuring based on finish-out so quotes aren'tavailable.

Sinclair also credits the win, in part, to in-place developmentincentives from the town of Flower Mound before Champion brokeground on the four-building project in Lakeside Business District.The package provides a five-year, 70% tax abatement from the cityand 25% perk from Denton County. "The town of Flower Mound wasreally proactive. The economic development director played a bigpart in helping us to land this lease," Sinclair stresses. TheFUNimation Entertainment win bumps occupancy to 36% in the477,500-sf Corporate Ridge, becoming the fifth lease for thepark.

Sinclair says talks began in fourth quarter 2006 with FUNimationEntertainment, a US leader of home video sales of Japaneseanimation and one of the largest independent firms of its type inthe nation. Rick Medinis, executive vice president with NAI RobertLynn in Dallas, is Corporate Ridge's leasing broker. Damian Rivera,director of corporate services for Capstone Commercial, also inDallas, was the tenant rep.