{"id":1004499319,"date":"2020-12-15T04:19:02","date_gmt":"2020-12-15T12:19:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004499319"},"modified":"2020-12-15T04:33:00","modified_gmt":"2020-12-15T12:33:00","slug":"ally-financial-renews-full-building-suburban-dallas-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ally-financial-renews-full-building-suburban-dallas-lease\/","title":{"rendered":"Ally Financial Renews Full-Building Suburban Dallas Lease"},"content":{"rendered":"<div id=\"attachment_1004499430\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Lake-Vista-Pointe.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004499430\" data-attachment-id=\"1004499430\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ally-financial-renews-full-building-suburban-dallas-lease\/lake-vista-pointe\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Lake-Vista-Pointe.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Lake Vista Pointe\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Lake Vista Pointe&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Lake-Vista-Pointe.jpg?w=640\" class=\"wp-image-1004499430 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Lake-Vista-Pointe.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Lake-Vista-Pointe.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Lake-Vista-Pointe.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004499430\" class=\"wp-caption-text\">Lake Vista Pointe<\/p><\/div>\n<p>City Office REIT has signed a 10-year lease renewal at Lake Vista Pointe, the company&#8217;s 163,336-square-foot office property in Lewisville, Texas. According to CommercialEdge, the tenant is Ally Financial.&nbsp;<\/p>\n<p>The tenant occupies 100 percent of the building. The renewal agreement provides Ally with the option to buy the asset prior to mid-2022. The lease also includes three months of rent abatement and additional tenant improvement allowances.&nbsp;<\/p>\n<p>Built in 2007, the property at 2911 Lake Vista Drive features 80,000-square-foot floorplates and a two-story lobby. City Office acquired the asset from Holt Lunsford Commercial for $28.4 million in 2014.&nbsp;<\/p>\n<p>Located on 14 acres, the Class A asset is within 1 mile of Interstate 35. The surrounding area has several retail options, including the 1 million-square-foot Music City Mall, which is 2 miles from the asset.&nbsp;DFW International Airport is 10 miles southwest of the office property.<\/p>\n<p>Earlier this year, Ally Financial signed an agreement with Crescent Communities to occupy nearly all of Ally Charlotte Center, a 26-story office and retail <a href=\"https:\/\/www.commercialsearch.com\/news\/charlotte-monthly-cre-wrap-up-feb-2020\/\">development underway in Uptown Charlotte<\/a>, N.C. The project is slated to deliver in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Landlord City Office REIT acquired the 163,336-square-foot Class A asset for $28.4 million in 2014.<\/p>\n","protected":false},"author":868,"featured_media":1004499430,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1586,21743,21742,21747],"tags":[37641,33789],"class_list":["post-1004499319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-deals","category-latest","category-office","tag-ally-financial","tag-city-office-reit"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ally Financial Renews Full-Building Suburban Dallas Lease - 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