Britt Montt Inc., a general contractor and construction manager,is setting up shop in 21,697 sf of office/warehouse space at 1130W. North Carrier Parkway on Grand Prairie's side of the GreatSouthwest line. The tenant, now exiting 6801 Bluff View Dr., signeda long-term lease for as-is space to push the 43,000-sf structureto 100% occupancy, David Dunn with Dunn Commercial LP in Arlingtontells GlobeSt.com.

Dunn says the building, owned by Walter Hogg Partners of Dallas,has had the empty spot for nearly a year. He says the Britt Monttlease--a stair-stepped, direct deal--went full circle in roughly amonth of talks, which opened with a $1.75 per sf net quote for thefirst year for any long-term pact.

"We are now seeing activity in the 20,000-sf range," Dunn saysabout a leasing uptick that's stirred up optimism among industrialbrokers. "We're finally seeing some absorption out here."

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.