IRVING, TX-After undergoing a $1 million plus renovation, Crestview Tower has closed two leases totaling 31,424 square feet.

MMC Group LP signed a new five-year lease for 23,300 square feet, and Huntington Hospitality Group Inc. signed a new seven-year lease for 8,124 square feet. The deals bring the 263,000-square-foot office tower to 50 percent occupancy, according to Tim Terrell, executive vice president of Stream Realty Partners LP. He and Rebecca Rambie, also with Stream Realty Partners, handle the leasing of Crestview Tower on behalf of the owner, TA Associates Realty.

Stream Realty Partners took over the exclusive leasing assignment for Crestview Tower on April 1 from Holt Lunsford Commercial. Located at 105 Decker Court, the 11-story, class B+ building had lost a number of tenants including lead tenant Liberty Mutual. The property leases for $18 to $19 per square foot, plus electric.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.