09:30 PM CDT on Friday, September 19, 2008
A division of health care giant Humana Corp. is moving its head offices from Fort Worth to Irving’s Las Colinas complex.
LifeSynch – formerly Corphealth Inc., a behavioral health care management company – has leased 150,000 square feet in the Opus Corporate Center at Las Colinas on State Highway 114.
The two-building project was developed by Opus West Corp. and contains about 225,000 square feet.
“LifeSynch leased all of building one and a floor in building two,” said Ran Holman, Opus’ vice president of real estate development. “And they have expansion opportunities for two more floors.”
The lease is one of the largest office deals signed in Las Colinas this year and takes one of the biggest speculative office spaces out of the market.
“It’s certainly a tenants’ market, and we feel very fortunate to secure a tenant like Humana,” Mr. Holman said. “There was a lot of space out there for them to consider.”
Las Colinas has an office vacancy rate of about 22 percent.
A Humana spokeswoman wouldn’t say how many of the firm’s workers would be in the Opus complex. But Anna Hobbs in Humana corporate communications said all the employees now working in Fort Worth would be shifted to Irving.
Humana paid $54 million in late 2005 to purchase Corphealth.
Opus completed the Las Colinas office complex in July. It is southeast of Dallas/Fort Worth International Airport near State Highways 114 and 161.
“Our location was significant in the decision-making process for Humana,” Mr. Holman said. ” It’s a location where they can draw from a lot of labor pools.”
Mr. Holman and Opus West director of development Geoff Meyer negotiated the lease with Stream Realty’s Ryan Collier and Rebecca Smith and Pat O’Keefe and Meredith Dockter of CB Richard Ellis.
Recent Comments