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ALLEN, TX-Experian Information Solutions Inc. has committed to remaining in its Allen location for a few years longer. The company signed a 7.5-year lease to keep its regional operations in the two-building facility owned by Lexington Property Trust.

Though the credit reporting company’s lease in the space at 601 and 701 Experian Pkwy. wasn’t up until 2010, Ronda Clark, executive vice president with Jones Lang LaSalle’s Irvine, CA office says the tenant wanted to get a jump on things. “When it’s this large a facility, it’s better to start working on those things earlier,” comments Clark, who represented Experian.

Clark worked with managing director Larry Toon and executive vice president Bo Bond of Jones Lang LaSalle’s Dallas office, and executive vice president Wade Clark and associate Matt Osborn, both of whom are based in Irvine. Also on the tenant representation team were Jones Lang LaSalle’s managing director Grant Freeman and executive vice president Joel Jaffe, who operate out of the company’s headquarters in Chicago. James Dudley, vice president with Lexington Realty Trust provided in-house representation for the owner.

A spokeswoman with Experian says a lot of options were considered for the regional operations, including moving into available space. “We also have another facility in McKinney (Texas), a data center,” The spokeswoman tells GlobeSt.com. “There’s some property adjoining that. One of our considerations was building new space for ourselves on that property.”

Ultimately, many reasons prompted Experian’s management to remain in the Allen facility. The spokeswoman says the inconvenience of a move was one factor. Another factor was that the company has a good relationship with the Allen business community. “We have great employees in the area who are attached to this facility,” she notes. “We didn’t want to disrupt their work.”

The asset is about 25 miles north of Dallas and consists of two office buildings on 26.5 acres. Building 601 measures 110,300 square feet, while building 701 has 182,400 square feet. Dallas-based Lexington Realty acquired the facility in 2005.

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