Pacific Union Financial has leased 43,396 square feet of office space at 8900 Freeport in Irving. President Rick Skogg, said the company aims to grow its mortgage origination and servicing business in North Texas, and that the new space will help support its rapid growth.
Steve Thelen, managing director of Jones Lang LaSalle, represented Pacific Union in the deal. Chris Taylor and Rodney Helm with Cassidy Turley represented the property owner, TNI Irving LP, an affiliate of Lexington Realty Trust.
According to a recent JLL report, the Las Colinas/Irving area is expected to show rental rate increases in the next few quarters, with gains in leasing activity and improved market fundamentals.