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FRISCO, TX-Hall Financial Group is ready to roll out the red carpet for its newest headquarters tenant, Transplace Inc., which sealed a 24,069-sf lease with a seven-year term after one month of negotiations. Finish-out is under way, with move-in penciled for April 1 or a few days earlier.

Jean C. Farris, Hall’s leasing director, tells GlobeSt.com that she initially wasn’t too optimistic that the deal would be made because the company was already in class A office space and it was eyeing a building that was still several months from delivering. “With the difference in rates to do a move, I didn’t think they’d do a deal. The building was still under construction when they saw it, but they liked the way it floor planned,” she says of the latest win for Hall’s 150,000-sf value-plus project at 3010 Gaylord Pkwy.

Farris says Transplace also has a right of first refusal on the other half of the second floor in the three-story building. She believes that and Hall Office Park’s full amenity roster helped to score the coup–with talks going full circle in a one-month spin. “Transplace seems very thrilled about coming here. I know our amenities in the office park really do draw a lot of tenants in,” she says, pointing out that the inbound tenant is starting out with about same amount of space it has in the 256,111-sf Granite Park One at 5800 Granite Pkwy. in nearby Plano.

Transplace’s flat-rate lease bumps occupancy to 63% in a building that delivered in early January. The space is being marketed at $22 per sf plus electric.

Transplace, formed in 2000, is a leading provider of transportation management services and logistics technology, which also has a primary data center elsewhere in the metroplex. Farris says the “hope” is that too will one day be in Hall Office Park. Tom Sutherland of GVA Cawley in Dallas was the tenant rep.

“Expanding our facilities to Hall Office Park enables us to aggressively build the future of Transplace as we continue to grow,” Tom Sanderson, the firm’s president and CEO, says in a press release. The company is the outgrowth of the merger of non-asset based logistics units of Covenant Transport Inc., JB Hunt Transport Services Inc., MS Carriers Inc., Swift Transportation Co., US Xpress Enterprises Inc. and Werner Enterprises Inc.

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