Market-Rate Deal Fills Perot Space

DALLAS-Finish-out plans are being fine-tuned for a 23,789-sf tenant who agreed to fill the empty class A office space of Ross Perot Sr. at 12377 Merit Dr. in Dallas. Lakeside Square’s retooled floor will be ready to turn in November or early December.

EXCO Resources Inc., now in a class B building at 6500 Greenville Ave., added roughly 5,000 sf to its headquarters size with a long-term signing with Equity Office Properties. Bundling the deal were Equity’s in-house broker Andy Smith and tenant reps, John Shaunfield, Robert Mohr and Gianni LaBarba, all with Mohr Partners Inc. in Dallas. Pierce Goodwin Alexander & Linville Architects Inc.’s Dallas office is doing space planning for the full makeover, which has yet to go out for bid.

Shaunfield tells GlobeSt.com that the oil and gas company looked for six months and had five buildings on the short list when Equity came up with the winning economic package. “They traded up and the neat thing is their rental rate is going to be cheaper per square foot,” Shaunfield says of a contract that went for a fixed rate instead of a stair-stepped cost. “We thought that area (Park Central) was the best value for the money.” The search, for the most part, focused on Richardson-Plano, South Central Expressway and Park Central.