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Concentra Commits to North Dallas Lease Renewal

ADDISON, TX-Vacancy in the North Dallas area is decreasing, according to a recent CBRE report.

By David Phillips | Updated on October 17, 2013

ADDISON, TX-CBRE has brokered a lease renewal for Concentra, a subsidiary of Humana Inc., in Dallas suburb of Addison. The company has occupied the 115,000-square-foot space at Spectrum Center (5080 Spectrum Drive) for 15 years.

“The Far North Dallas submarket rental rates are rising quickly, while vacancy is diminishing,” said John Woolsey, SVP at CBRE. “As other large blocks of space in the market were being leased, Concentra felt it was necessary to lock in their terms before rents rose any further.”

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