Search
 

Tenaska Cuts New Deal for 26,537 SF

ARLINGTON, TX-The eight-year tenant expands its regional office and extends the lease term through October 2013, becoming the largest tenant in the class A suburban building.

By Connie Gore | Updated on September 18, 2008

ARLINGTON, TX-Tenaska Inc. has slid into the top slot as the largest tenant in the Offices of Brookhollow, inking an expansion and extension totaling 26,357 sf. The deal added 5,367 sf at street level and bumped the term through October 2013.

Phil Sandlin, vice president for Bradford/Corfac International in Fort Worth, says Omaha-based Tenaska did look around before sitting down to rework the pact for its regional office at 1701 E. Lamar Blvd. in North Arlington. “They got themselves comfortable with the market and what’s available in that market,” he says, adding “there aren’t very many larges spaces in North Arlington.”

Sandlin tells GlobeSt.com that the eight-year tenant’s 20,890-sf lease had three years to go before expiration so the deal was packaged as a co-terminus expansion with a five-year term and extension. “The ability to extend and on-site security was a plus for them,” he says. Talks began about six months ago.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.