Bank One Center Outshines Pack for 120,000-SF Lease

DALLAS-Bank One Center has just been handed the second-largest office lease to close this year in the Dallas CBD. It’s also one of the more complex transactions to be worked out, say brokers who have spent the last six months locked in talks for 120,000 sf to be occupied in three take-downs.

Marsh & McLennan Cos. Inc. has signed a 12-year lease for two of its subsidiaries, now occupying offices at Chase Tower, Thanksgiving Tower and Lincoln Plaza. Bank One Center was one of three office buildings on a short list that included at least one of the current addresses for Mercer Human Resource Consulting and Marsh USA.

The class A lease is the largest to close since the first quarter when TXU inked a 147,710-sf pact for Lincoln Plaza. Of course, it could be a sign of things to come since another downtown office building is close to filling three full floors in a long-term lease, at least that’s the talk around town.