Fidelity Signs 21,943-SF, Class A Lease

IRVING, TX-Fidelity Information Services has reworked a long-term, class A lease at Metroport Office Building in Irving, renewing 3.5 years in advance and slightly shaving the space for a new total of 21,943 sf.

The office at 2300 Valley View Lane is occupied by the recently acquired Altel Information Systems, a tenant since 1993, GlobeSt.com is told. The building’s going rate is $17.50 per sf for a full-service lease. Just how close the talks got to the quoted number is being kept under wraps, but in today’s negotiating environment it’s likely that some dollars were shaved or the increasingly popular “stair step” deal played a part in the final signing, now a relatively common practice at the bargaining table.