IRVING, TX-CMD Realty Investors LP has won a headquarters tenant in a Las Colinas submarket relocation amid stiff competition for a seven-year contract being dangled by EFG Cos., a national automotive finance and insurance firm.

EFG has signed for 38,134 sf at 122 W. Carpenter Freeway after weeding a short list of four potential office buildings. CMD had cause to aggressively seek the nod since it was hoping to fill a class A spot that's sat empty for two years, Bob Gibbons, CMD's vice president and regional manager in Dallas, tells GlobeSt.com. The 218,000-sf building's top floor once housed the feds' Office of Thrift Supervision.

“It was very competitive. That's the market right now,” Gibbons said. “I'd rather be ahead of the market instead of behind it.” He said the long vacancy was due to CMD's desire to fill the office with another single tenant. The space went totally dark in mid-2000 after a phased-out exit over a three-year period. “We were already on the down side of the hot market at that point,” he explained.