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21,902 SF Tapped at Dallas CBD High-Rise

DALLAS-Two related companies, existing tenants at 1700 Pacific, replace a five-year lease with a new one at a new rate and a relocation from 3,500 sf into 15,485 sf of class A space. McGraw Hill comes through the door for 5,957 sf for its Standard & Poor's team.

By Connie Gore | Updated on September 12, 2003

DALLAS-A 1700 Pacific tenant has settled into 15,485 sf or two-thirds of a floor with options for the balance at a Dallas CBD high-rise, which also cornered a newcomer to nudge the class A occupancy to 70% in the 1.3-million-sf building.

Enmark Services and Regency Gas Corp. exited 3,500 sf on the 16th floor for the 29th floor, which has been empty for 18 months. The related companies replaced a five-year lease, with a couple years left on the term, with a fresh one at a new rate and a new start date, Jim Yoder, principal for Dallas-based Trammell Crow Co., tells GlobeSt.com. But, he stresses, the duo needed to expand and most likely will need to do so again. The 10,000-sf balance of the floor is waiting, when and if it’s needed, with an expansion clause built into the oil and gas companies’ contract.

Yoder and Trammell Crow associate Jeff Eckert represent the building owner, F/PD Master Lease Inc., with Credit Suisse First Boston as the main player. Jack Moravcik, senior vice president of Swearingen Realty Group LLC in Dallas, negotiated the terms for the tenant.

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