Lender Works Out Early Renewal, HQ Expansion for 88,798 SF

DALLAS-A national consumer finance company, with 12 years invested in the Twin Towers, has renewed 84,842 sf of class A space and added 3,956 sf, striking a deal one year ahead of its old pact’s expiration. The headquarters tenant will be in place at least another decade.

The new deal is touted as one of the largest leases year to date in the Stemmons Corridor. Drive Financial Services’ new footprint in the north tower at 8585 N. Stemmons Freeway fills four floors from the eighth to the 11th, 10,000 sf on the mezzanine level, 1,500 sf in the concourse and a 2,456-sf fitness center, once a tenant amenity that will be converted into private use for its staff. “It’s a small part of the whole deal in the scheme of things, but it is an added amenity,” Dale Ray, regional leasing director in Dallas for Jones Lang LaSalle Inc., tells GlobeSt.com. “There was a TI allowance for the transaction. And, Drive can deploy those dollars where they see fit.” The fitness center has been empty about a year. He says finish-out is just wrapping up although keys to part of the space already changed hands.