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FDIC Adding 125,000 SF to Energy Plaza Sublease

DALLAS-The feds sign a second sublease in the CBD tower to get more room for the FDIC, which has been lighting 185,000 sf in a 10-year deal. The new one runs for five years.

By Connie Gore | Updated on August 28, 2008

DALLAS-Due to increased workload, the FDIC’s regional office has grabbed another 125,000 sf in the CBD’s Energy Plaza in a five-year sublease with Energy Future Holdings Corp., formerly TXU Corp. The federal agency moved in about one year ago, taking 185,000 sf in a 10-year sublease.

An FDIC spokesman tells GlobeSt.com that the extra floors are being filled in stages, with full occupancy to be completed by Nov. 1. The FDIC, which occupies floors 32 through 38, is adding 17 through 20 in the 49-story Energy Plaza at 1601 Bryan St. “The space will house various divisions of the Dallas regional office as the result of increased workload,” says the spokesman for the nation’s largest federal banking regulatory agency.

EF Holdings’ divisions occupy the rest of the 1.06-million-sf high rise in a master lease that expires July 1, 2022 with the Boston-based owner, US Bank, a successor in interest to State Street Bank and Trust Co. of Connecticut.

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