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DALLAS-New Media Gateway Inc. has settled the headquarters team into a full floor at Campbell Centre I in North Dallas in a move from Dallas’ Uptown. The 16,500-sf 16th floor has been subleased from Pegasus Solutions Inc.

James Vanderslice, senior vice president for Grubb & Ellis Co., tells GlobeSt.com that the pact spans the 4.5-year balance of Pegasus’ term. The new tenant at the 431,649-sf, 20-story office building at 8350 N. Central Expressway inked a plug n’ play deal that had 80 workstations.

Vanderslice says the class A office space was empty three months. “We had tremendous activity on it,” he says. “That market’s gotten very active there. And, a lot of tenants want to move from Uptown because they don’t want to pay the rents.” Uptown rents have edged over the $30 per sf mark for existing space and preleases are priced in the $35-per-sf range. In contrast, the Pegasus space was marketed for $14 per sf, full service.

Vanderslice says New Media Gateway, a provider of online marketing solutions, also was able to walk, set up and hit the ground running since Pegasus’ space already had the high-tech requirements that the company needed. “It was designed for programmers,” he adds. Clay Vaughn with Dallas-based Predium bargained the flat-rate pact on behalf of New Media Gateway, which relocated from Mockingbird Station.

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