Breaking will be offline for scheduled maintenance Friday Feb. 26 9 PM US EST to Saturday Feb. 27 6 AM EST. We apologize for the inconvenience.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-The law firm of Munck Butrus and Innovation MedSpa will move in Oct. 1 to Banner Place. The class A deals, totaling 47,816 sf, have nudged occupancy to 79% in a two-building complex with 280,432 sf of class A office space in North Dallas.

In a 13-year lease, the technology-focused law firm took 43,116 sf on the fifth and sixth floors in the 12-story Banner Place North at 12770 Coit Rd., getting an interior staircase built into the deal to connect the space, according to Belinda Dabliz, leasing representative for Dallas-based Gaedeke Group, which leases, manages and owns the complex. Innovation MedSpa inked a 10-year lease for first-floor space in the 26,137-sf Banner Place South at 12660 Coit Rd. as its second location in the metroplex.

Dabliz tells that Munck Butrus will be getting its name on the 254,295-sf tower by becoming the lead tenant in backfilling two of three floors vacated at the end of March by Argo Data Resource Corp. “We worked very hard on this Munck Butrus lease. We were initially one of seven,” she says.

John Amend and J.W. Amend of locally based Amend Group were the tenant reps, working out a stair-stepped lease and a total two-floor overhaul as part of the terms for the headquarters deal. The law firm also has offices in Marshall, TX and Charlotte, NC.

Dr. Bill Johnson, owner of Innovation MedSpa, plans to use the Banner Place office to broadcast his medical spots on local TV channel, WFAA-8. In addition, Dabliz says the incoming tenant also plans to donate some air time to another Banner Place tenant, the March of Dimes. Clint Bansby of Corporate Realty Advisors in Dallas represented Johnson, who plans to retain his Grapevine location at 1601 Lancaster Dr. too.

Deal financials aren’t being disclosed, but Banner Place North is quoted at $19.50 per sf to $20 per sf. Space in the smaller office building is tagged at $18.50 per sf to $19 per sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.