Cushman & Wakefield of Texas Inc.'s senior director Steve Thelen says the 11,506-sf lease represents a significant space increase for the provider of advanced networking systems. Redback has been operating out of a suburban office building off Preston Road in the North Dallas submarket.
The lease takes the park's third building to full lease-up, says Thelen. Park owner Hall Financial Group has three buildings completed in the 320,000-sf initial phases of the project and two close to delivering. The Frisco park ultimately is expected to add four million sf of office tech space to the metroplex market. The development is located at the corner of Texas 121 and the Dallas North Tollway, one of the hottest intersections in the suburban markets. Virtually all of the available space in the first three buildings has been taken, Thelen told GlobeSt.com.
Thelen is one of two Cushman & Wakefield brokers who represented Redback while Hall Financial has used an in-house leasing representative for the negotiations.
In another lease signing, Thelen has helped AmeriServe Food Distribution Inc. find short-term space at The Forum at Belt Line, located at 4006 Belt Line Rd. in Dallas. The lease totals 15,022 sf. AmeriServe currently is working through a bankruptcy proceeding.
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