FORT WORTH-In a quick-turning deal, locally based Southwest Bank has leased 22,471 sf of class B office to relocate and expand its human resources and operations departments. Lights go on March 15, with a five-year, full-floor lease as security for Overton Centre II.

Theron Bryant with SCM Real Estate Services in Arlington says a two-week market search jump-started talks for a direct lease of the ninth floor of the 189,440-sf office building at 4100 International Plaza Dr. in the city’s southern sector. “There was not a whole of larger blocks available,” he tells GlobeSt.com. “The deal happened pretty quickly.”

According to Bryant, the bank’s teams have been operating in roughly 8,000 sf at its main location, a 24,000-sf building at 3737 Loop 820. He says the bank’s growth in the past year and its future plans required considerably more space for the operating arms. He says he heard the top floor was about to be vacated at Overton Centre and immediately called John Grace of GVA Cawley Realty Services in Dallas, the leasing affiliate for owner Wilcox Capital Partners.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.