Newmark announced a deal that will enable its client, United Debt Services, LLC, to open for business in Class A office space in Frisco, a Dallas-area submarket with little space available for direct lease.
Newmark tenant representatives Clay Vaughn and Jeff Eiting conducted an extensive search of United Debt Services’ target market before presenting several options to David Melrose, founder of the debt settlement firm. The team ultimately negotiated a sublease for 21,835 square feet in Hall Office Park, at 2611 Internet Blvd. in Frisco.
“This sublease is the perfect solution for United Debt Services,” Melrose said. “The Newmark team truly found the best location available.”
Melrose is also a part owner of Payment Relief Center, a debt settlement company that currently occupies nearly 17,000 square feet at another Frisco location.
“We searched high and low to come up with lease options within this very tight market,” Vaughn said. “This sublease gives United Debt Services the ability to move in quickly and set up shop with a relatively low cost of occupancy for the area.”
Hall Office Park is a spacious, 162-acre business community that is already home to approximately 170 companies. Under development by Hall Financial Group, the project includes roughly 2 million square feet of offices in 15 buildings so far, and the master plan calls for increasing the development to 3 million square feet. Hall Office Park is remarkable for its artistic beauty, including hundreds of contemporary art works throughout the buildings and grounds.
About United Debt Services LLC
United Debt Services LLC is a debt settlement company helping consumers across the country deal with intolerable amounts of credit card debt and other unsecured debts. For further information, visit www.uniteddebtservices.com.
About Newmark
Newmark is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank operate from over 220 offices in established and emerging property markets on six continents. With a combined staff of 7,300 and revenues last year exceeding $861 million, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com.