In a win-win deal for seller and tenant, State Farm, now occupying 29,344 sf, leased another 29,477 sf in Two Sugar Creek at 77 Sugar Creek Center Blvd. Eric Anderson, senior vice president for Houston-based Transwestern Commercial Services, tells GlobeSt.com that the Bloomington, IL-based insurance company added two years onto the original lease for a five-year, co-terminous end. State Farm, the lead tenant, moved into the building about two years ago. It will take over the extra space within 30 days.

According to Anderson, State Farm is consolidating several suburban offices at Two Sugar Creek, but it is not downsizing with the plan. The deal will light the entire fourth floor, which was vacated about four months ago by Fluor Corp. of Aliso Viejo, CA, and carves out a small office area on the first floor. The balance of State Farm's space is on the third and sixth floors.

Anderson crafted the lease on behalf of the building owner, a partnership of Chicago-based Transwestern Investments and Cigna of Hartford, CT. Michelle McGlothlin of Kistler McGlothlin Inc. of Houston represented State Farm in the negotiations.

The building's quoted rent is $21.50 per sf. Anderson says the class A space right now is tight. Transwestern's research shows just how tight: a 95.4% occupancy in a 2.7-million-sf, 10-building inventory.

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