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Transplace HQ Team Inks Seven-Year Lease

FRISCO, TX-The logistics tech provider will start with 24,069 sf, but has dibs on the rest of the floor in Hall Office Park's new building.

By Connie Gore | Updated on February 27, 2008

FRISCO, TX-Hall Financial Group is ready to roll out the red carpet for its newest headquarters tenant, Transplace Inc., which sealed a 24,069-sf lease with a seven-year term after one month of negotiations. Finish-out is under way, with move-in penciled for April 1 or a few days earlier.

Jean C. Farris, Hall’s leasing director, tells GlobeSt.com that she initially wasn’t too optimistic that the deal would be made because the company was already in class A office space and it was eyeing a building that was still several months from delivering. “With the difference in rates to do a move, I didn’t think they’d do a deal. The building was still under construction when they saw it, but they liked the way it floor planned,” she says of the latest win for Hall’s 150,000-sf value-plus project at 3010 Gaylord Pkwy.

Farris says Transplace also has a right of first refusal on the other half of the second floor in the three-story building. She believes that and Hall Office Park’s full amenity roster helped to score the coup–with talks going full circle in a one-month spin. “Transplace seems very thrilled about coming here. I know our amenities in the office park really do draw a lot of tenants in,” she says, pointing out that the inbound tenant is starting out with about same amount of space it has in the 256,111-sf Granite Park One at 5800 Granite Pkwy. in nearby Plano.

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