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AmeriCredit Restructures 10-Year CBD Lease

FORT WORTH-AmeriCredit holds fast to 62,517 sf after exercising an early termination of a 227,000-sf master lease at Burnett Plaza and subleasing about 100,000 sf.

By Connie Gore | Updated on September 29, 2008

FORT WORTH-Exercising an early termination clause, AmeriCredit Financial Services Inc. has repackaged its class A lease at Burnett Plaza after a quick market search. The 10-year tenant has pledged to stay another decade, with its 62,517-sf office now awaiting a makeover.

AmeriCredit occupies floors 35 and 35 plus it has an 11,000-sf data center in the basement of the 40-story, one-million-sf Burnett Plaza at 801 Cherry St., which is owned by Dallas-based Behringer Harvard REIT I Inc. For months, the street talk has been that the CBD high rise is under contract.

Rick Hopwood with NAI Huff Partners in Fort Worth tells GlobeSt.com that AmeriCredit exercised its early termination right last April for a lease that was set to expire in May 2009. “It just made economic sense for them to restructure that lease and restructure it out another 10 years,” he says.

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