The buyer finance agency Cottonwood Monetary Administrative Providers has leased an enormous block of workplace area in Irving.
The corporate is taking nearly 40,000 sq. ft at 2120 W. Walnut Hill Lane in Las Colinas.
The brand new area is within the three-building Cottonwood Workplace Heart, which as soon as housed workplaces of Liberty Mutual Insurance coverage.
The lease is the second latest transaction within the workplace campus. Medpace Inc., a scientific analysis group, has taken greater than 47,000 sq. ft within the buildings.
“Popping out of the pandemic, we proceed to see massive employers focusing on properties that may supply plug-and-play options at a worth worth level in comparison with the encompassing market,” John Dickenson, managing principal at Holt Lunsford Business, mentioned in a press release.
The homeowners of the 165,000-square-foot workplace campus are renovating the property with a brand new amenity middle, convention facility and health middle.
Dickenson, Geoff Shelton and Marshall Mays of Holt Lunsford Business negotiated the brand new lease with Kevin McGovern of Youthful Companions.
The Cottonwood Workplace Heart leases are a few of the largest latest constructing transactions in Irving.
Throughout the first quarter, web workplace leasing within the Las Colinas space fell by greater than 350,000 sq. ft.