FORT WORTH In a three-week spin, TEP Barnett USA LLC has laid claim and settled into 20,752 sf of class A sublease space on the 37th floor of 777 Main St. in Fort Worth's Central Business District.
The full-floor lease runs through December 2023. The office will serve as a regional hub for Houston-based TEP Barnett USA, a division of French oil and gas company, Total E&P. The city's newest tenant late last year had acquired 75% of the Barnett Shale assets from Chesapeake Energy Corp.
TEP Barnett has moved into fully furnished space previously occupied by Trinity River Energy LLC. Erik Blais, vice president of Dallas-based Bradford Commercial Real Estate Services, and Nick Talley, senior vice president and managing partner, represented the sublessor in direct negotiations with TEP Barnett.
"It was important to the company to be located in a landmark building in Fort Worth's Sundance Square," Blais says. "This was a rare opportunity to lease an entire floor with a top-of-the-line finish-out and immediate occupancy."
Each office on TEP Barnett's floor has a window, with commanding streetscape and skyline views of a vibrant downtown. The Bradford team is seeking a sublessee for the 36th floor, totaling 21,328 sf, also previously occupied by Trinity River Energy.
The 40-story high rise, totaling 955,000 sf, is a LEED Silver design and Energy Star-rated. It boasts three parking garages and is close to the Trinity Railway Express station. It's also part of the dynamic Sundance Square, a 35-block urban center with more than three million sf of modern and historic structures filled with boutiques, restaurants, night spots, art galleries, office space and high-end condominiums.
"TEP did look around a little bit on its own. But, they needed to be in quickly," Blais says. "Our space was a perfect fit, down to the finish-out.”
May 10, 2017