PARKLAND LEASES 67,000 SQUARE FEET AT 8435 STEMMONS

DALLAS — Parkland Health & Hospital Systems has signed a lease for 67,000 square feet at 8435 Stemmons, an 11-story, Class A office building located in Dallas. The company is using the space as a temporary location while its new campus is under construction. The transaction was negotiated by Red River Asset Management. Parkland is the second tenant at the 229,605-square-foot office building. Earlier this year, Telx signed a lease for 25,000 square feet. The two leases bring occupancy to 45 percent. Red River's leasing plan for the property, which is owned by Lakewood, N.J.-based Diversified Capital, is to reposition the fourth floor as ready-to-occupy office suites and land a two-floor anchor tenant, which will have the option of naming rights to the building.