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KPMG, Sundance Square Work Out 10-Year Pact

FORT WORTH-KPMG keeps the same landlord, but will switch office towers. After a one-year search, dealmakers ink a 22,172-sf, full-floor lease, similar in size to what it has now.

By Connie Gore | Updated on June 23, 2008

FORT WORTH-After one year of weighing class A options, KPMG LLP has decided to move to Wells Fargo Tower from its sister building, DR Horton Tower. The relocation was sealed with a 10-year lease for the 22,172-sf ninth floor of the 33-story CBD tower.

KPMG will get its keys in September to its 201 Main St. space, where finish-out has begun. “They did their homework and did look around and understand what their options would be,” says George Duncan, senior vice president in Fort Worth for Dallas-based Staubach Co., who partnered with executive vice president Carl Ewert to work out a renewal with KPMG’s landlord for the past decade. Sundance Square had in-house broker Robert Gamblin doing its negotiating.

“It wasn’t an early renewal, but it was a timely renewal,” Duncan tells GlobeSt.com. He says the lease expiration simply wasn’t an issue during the negotiations. According to the North Texas Data Exchange, the class A office space is tagged at $29 per sf, full service.

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