PLANO, TX-Network Engines Inc. has inked an early lease renewal and restructuring for 82,880 square feet at Plano Tech Center.

The deal is a 34% reduction over its previous rental rate, according to Trace Elrod of Jackson Cooksey. He represented Network Engines in the lease negotiations, while the landlord, Bay Pacific Phoenix Corporate Center, was represented by Henry Knapek and Emily Candee of Transwestern’s Dallas office.

Network Engines provides platforms, appliances and support services for application software developers, security and communications markets worldwide. The Plano site, located at 3501 E. Plano Pkwy., serves as the company's development center.

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.