"It's the largest class A lease signed in a decade in LasColinas," Jon Altschuler, president of Dallas-based Stream RealtyPartners LP, tells GlobeSt.com about the recommitment to 919 HiddenRidge. "Getting the deal closed, validates the plan that Wells REITset forth at theacquisition [in 2005]. The acquisition team and assetmanagement have pulled off a very successful investment for theirinvestors."

The Atlanta-based Wells REIT bought the building and immediatelyopened talks with Verizon, the building's sole tenant since itsdoors opened in 1998. The office space houses Verizon CorporateServices Group Inc., a back-office operation.

Verizon's broker, Shelly Christenson with Dallas-based StaubachCo., did search the market as would be expected for a deal of itssize. Not only would it have been difficult to uproot the operationfrom its long-time location, but the suburban class A officebuilding is laced with infrastructure like dual power feeds, fiberredundancy and structured parking, which was "important," JerryBanks, Wells REIT's senior vice president of asset management."It's a great building. I don't think you'll find a building thatsize with that infrastructure," he adds.