Wednesday, March 21, 2012

Downtown Dallas medical services firm leases big Galleria office

DMN files
EmCare has rented more than 80,000 square feet in the Galleria North office complex in Far North Dallas.
A medical service firm based in downtown Dallas is moving north to the Galleria area.
EmCare Inc. — now located in the Comerica Bank Tower on Main Street — has rented more than 80,000 square feet of office space in the Galleria North Tower I building just east of the Dallas North Tollway.
The 16-story office tower at 13737 Noel Road is next to the Dallas Galleria shopping mall.
Building owner Franklin Street Properties Corp. in financial filings this week said that the multifloor lease in the office high-rise will start in August.
First EmCare will occupy 45,440 square feet in the building, and it will add an additional 37,532 square feet of office space in the Galleria North Tower 18 months later. The lease runs through 2024.
EmCare spokeswoman Jennifer Whitus said the company will shift its offices from downtown Dallas to the building this summer. “Yes, we are planning to move in August,” Whitus said Tuesday.
About 140 EmCare workers will be making the move from downtown.
When fully occupied, EmCare will be leasing more than 30 percent of the building, which was constructed in 1999. Franklin Street — a real estate investment trust — has owned the property since 2004.
EmCare will receive almost $3 million from the landlord to remodel the office space...