Celeste Fowden, vice president for CB Richard Ellis in Dallas, says CreditAnswers' headquarters will shift to the second floor of Tennyson Office Center II at 6200 Tennyson Pkwy. from 8,000 sf in the Colonnade at 15305 Dallas Pkwy. in Addison. She tells GlobeSt.com that the space was pitted against locally based Koll Development Co.'s campus in Legacy Business Park and one of Dallas-based Lincoln Property Co.'s buildings.
The winning building, owned by Adler Realty Investments Inc. of Woodland Hills, CA, has a quoted rate of $20 per sf plus electric. Terms are off limits, but Fowden did say that "I think both parties felt like it was a good deal at the end of the day." Finish-out construction is ticketed to begin soon.
Fowden says talks began in November for the Tennyson opening. She and CBRE associate Clay Gilbert bargained on Adler's behalf against tenant rep, Baron Aldrine, a first vice president also in CBRE's Dallas office.
The 100% occupancy, though, could be short-lived. Fowden confirms there's a tenant in play who controls a sizable portion of the building. As a result, the hunt for tenants is continuing as before.
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