Tom Dodge, vice president in the Fort Worth office of the Dallas-based brokerage firm, tells GlobeSt.com that the bottom line was "creating space and really accommodating tenants" in simultaneous plays that have been 10 months in the making. The game book put Valeo Climate Control Corp. into 113,600 sf at 1100 N. 27th Ave. on airport land in sync with an exit by North American ATK so it could double its distribution space by taking 103,815 sf at 1102 W. North Carrier in Grand Prairie. Clarion Partners of New York City is the building owner of both addresses, acquired in last fall's $1.5-billion takeover of Crow Holdings Industrial Trust's 22-city portfolio.

The Paris-headquartered Valeo, which has several locations in Dallas-Fort Worth, will open doors in June on the airport space as it lets go of the Grand Prairie location being backfilled by North American ATK, also planning to occupy in June. Dodge says "moving the tenant with no down time helped work out the economics of the deal."

Valeo inked a five-year lease, a decision swayed by a location in a foreign trade zone. The 227,200-sf office/warehouse center, with 33,000 sf sitting vacant, is situated on the east side of Royal Lane between Texas 114 and Interstate 635. North American ATK's 72-month lease takes the 176,391-sf distribution center in Grand Prairie to 100% occupancy.

"Certainly, 100,000-sf deals are hard to come by," says Dodge, who packaged the deals single-handedly. "It's nice to nail two at the same time while accommodating two tenants.