Bisnow Scoop: Epsilon Space Backfilled; The Deal Sheet
Word on the street is that American Eagle Airlines signed a lease for the plug-and-play 150k SF in Epsilon's old property at 4301 and 4401 Regent Blvd in Las Colinas to occupy this summer. (We guess that's the word on the air, not the street.)
A source close to the deal tells us the significance is that it reminds tenants that huge furnished spaces, like EnCana in Legacy and Epsilon in Las Colinas, are opportunities to make lighting-quick decisions without any of the time required to get a space designed, built out, and furnished. Tenants can focus on all of the other costs and decisions needed to support a major relocation.
The American Eagle deal has been in and out of the market for almost five years and is now happening as Eagle’s parent company, American Airlines, emerges from bankruptcy, our source tells us. (We almost didn't recognize it, looking so slim and trim.) Cassidy Turley's Lauren Napper and Rodney Helm are leasing the property. Last fall, Lauren, along with John Boyle III and Greg Biggs, helped Epsilon ink a deal to move into Nokia's old digs in Las Colinas--the move is this July. Transwestern's Alan Harrington is said to be repping the tenant. Calls for comment weren't returned by press time. (We don't use a printing press, but we do "press send.")