38.3 F
Fort Worth
Tuesday, October 27, 2020
Real Estate Commerical VariSpace Southlake signs Microsoft as major tenant

VariSpace Southlake signs Microsoft as major tenant

Other News

Delta Hotels by Marriott to open in Southlake in November

Delta Hotels by Marriott announced on Sept. 28 that the official grand opening of the Delta Hotels by Marriott Dallas Southlake is scheduled for mid-November...

Family Business: Highland Landscaping brings the clan for work

Highland Landscaping LLC 820 A Enterprise Place Southlake 76092 www.highlandlandscapingllc.com/

Former Toys ‘R’ Us reopens as Havertys in Southlake

HAVERTYS (NYSE: HVT and HVT.A) will officially open its new store in Southlake Corners on Friday, August 21, 2020. The 32,300 square...

Commercial real estate firm launches $10M program for office building upgrades in pandemic response

The new office is coming. Dallas-based Granite Properties, a commercial real estate investment, development and management company, has launched “Inspire Wellness,” a $10...
vari interiorPhoto

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.”

Latest News

Arlington home prices increase in 3Q

The median price for Arlington homes increased 7% year-over-year to $247,500 for the third quarter of 2020. Arlington home...

JLL names new lead for South Central Region PDS

JLL announced Brad Carbo as the new South Central Region Project and Development Services (PDS) lead on Oct. 27. In his new...

Fort Brewery to relocate to former historic site

Fort Brewery & Pizza announced Oct. 27 the brewery and restaurant will relocate to a 25,000 square-foot facility located at 2737 Tillar...

$27M, 112-unit multifamily community coming to Arlington

OM Housing LLC has announced plans for and the upcoming groundbreaking of the 112-unit, approximately $27-million multifamily community known as Bardin Apartment...

Sept. new home sales fall 3.5%, after strong summer season

By KEN SWEET AP Business WriterCHARLOTTE, N.C. (AP) — Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual...