VariSpace Southlake, a space-as-a-service offering by Coppell-based Vari, is open and has signed its first major tenant, a Fortune 50 company that moves in on Jan. 1, 2021, the company said in an announcement.
On Thursday, Microsoft confirmed it has signed a short term lease at 1900 West Kirkwood Blvd., the VariSpace site, and will be utilizing the space to accommodate current growth while it continues work on the modernization project underway at the software giant’s existing Las Colinas campus.
“Microsoft is constantly evaluating our real estate portfolio to ensure we provide an exceptional place to work and create greater collaboration and community for our employees around the world,” said a spokesperson for Microsoft. “The company considers various real estate strategies, including traditional and co-working options, to determine which best supports specific business objectives in markets,” she said.
Also on Thursday, Microsoft announced a partnership with another local company, Grapevine’s GameStop. The deal sent the stock of the struggling retailer up $1.81 to $10.56.
This lease at VariSpace fills a long gap in occupancy for the building, as the former Vista at Solana sat empty for 11 years before Vari purchased it as its second VariSpace location. In the last year, it has been revitalized and now includes over 30,000 square feet world class amenities. VariSpace did not release the name of the tenant.
“Since acquiring the building last fall, we’ve been hard at work completely renovating the building, layering all the hospitality touches and amenities so it all rolls into a simple, fully-managed solution.” said Jason McCann, co-founder and CEO, Vari. “I’m so thrilled to officially sign our first tenant at VariSpace Southlake and look forward to showcasing our remaining 250,000 SF to the rest of the DFW marketplace.”