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Morgan Stanley Leasing 71,174 SF for Saxon HQ

IRVING, TX-GlobeSt.com confirms Koll's Intellicenter Dallas wins the nod for Saxon Mortgage Services' home base. The class A office deal will set off an office consolidation.

By Connie Gore | Updated on May 06, 2008

IRVING, TX-After six months of weighing the decision, Morgan Stanley Inc. has signed a long-term, class A lease for the headquarters location of Saxon Mortgage Services. Sources say Koll Development Co.’s Intellicenter Dallas in Regent Office Center has won the New York City-based powerhouse’s nod.

A Morgan Stanley spokeswoman has confirmed a deal has been signed for 3701 Regent Blvd., but won’t discuss any details for the Saxon group. In bedding down the win, Koll is getting its first tenant for the 200,028-sf building. Sources say the lease spans 71,174 sf on floors one and two of the four-story building, which was completed in spring 2007.

The search began last October when Morgan Stanley’s executive team announced plans to restructure its mortgage business, headquarter the operation in Irving and consolidate offices. About 500 jobs in the US and 100 in Europe were eliminated in the integration of global mortgage lines to one platform, Saxon Mortgage Services, according to the 2007 release.

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