In back-to-back signings, General Motors Financial Co. Inc. and Epic Health Services have leased the lion's share of space vacated last year by State Farm Insurance in east Arlington.
Fort Worth-based GM Financial, the wholly-owned captive finance subsidiary of General Motors Co., is planning to open a call center in 46,228 sf of the first floor at Bardin Pointe, 1351 E. Bardin Rd. Epic Health too has leased ground-level space, snapping up 5,897 sf for a new pediatric therapy facility.
"State Farm moved and GM's deal was done quickly thereafter. There were several companies competing for this space," says Theron Bryant, principal of Coldwell Banker Commercial Advisors DFW. "It's a rare opportunity for the landlord to be able to choose the tenant. The best terms and best credit were the dealmakers."
The strong competition for the class A suburban office space is the lack of large blocks in that category in Arlington, which offers an enviable location midway between Dallas and Fort Worth. The 96%-leased, two-story office building is situated on land that backs up to Interstate 20 at the Bardin Road exit. It's also just one mile west of TX 360, putting Dallas/Fort Worth International Airport within easy reach and expanding the size of the available labor pool.
Boasting a historically high occupancy, the 113,000-sf Bardin Pointe was developed in 2003 on a 7.5-acre tract with 678 parking spaces. Regional Acceptance Corp. has occupied the entire second floor for several years. There is just 4,000 sf left to fill for the Ohio-based landlord, Hauck Holdings Arlington LLC. Bryant teams with CBCA DFW associate Casey Tounget on the leasing assignment.
Construction will be starting soon on GM Financial's space, which will be ready for move-in July 1. Epic Health is planning to ramp up its new pediatric therapy facility in the third quarter.
Both leases are long-term, with GM Financial's extending well beyond five years. Rick Hopwood of Hopwood Commercial Real Estate represented GM Financial. Cribb Altman of Cushman & Wakefield of Texas Inc. handled negotiations for Epic Health.
LEASES
General Motors Financial Co. Inc. and Epic Health Services have leased 46,228 sf and 5,897 sf of office space, respectively, in Bardin Pointe, 1351 E. Bardin Rd., Arlington, TX, from Hauck Holdings Arlington LLC. Theron Bryant and Casey Tounget of Coldwell Banker Commercial Advisors DFW represented the landlord. Rick Hopwood of Hopwood Commercial Real Estate represented GM Financial. Cribb Altman of Cushman & Wakefield of Texas Inc. represented Epic Health.
Founded in 1992 as SCM Real Estate Services Inc., Coldwell Banker Commercial Advisors DFW is a full-service commercial real estate firm providing clients with expert advice and strategies customized to their particular needs. Our services include investment sales, project leasing, property management, tenant representation.
