Tom Dodge, vice president in the Fort Worth office of theDallas-based brokerage firm, tells that the bottom linewas "creating space and really accommodating tenants" insimultaneous plays that have been 10 months in the making. The gamebook put Valeo Climate Control Corp. into 113,600 sf at 1100 N.27th Ave. on airport land in sync with an exit by North AmericanATK so it could double its distribution space by taking 103,815 sfat 1102 W. North Carrier in Grand Prairie. Clarion Partners of NewYork City is the building owner of both addresses, acquired in lastfall's $1.5-billion takeover of Crow Holdings Industrial Trust's22-city portfolio.

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

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

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