Hickory Springs Mfg. Co., headquartered in Hickory, NC, will turn on lights Aug. 1 in 63,612 sf at 605 109th St., hanging a no occupancy sign on the 96,237-sf warehouse, one of 14 in the park. Already setting up shop is EasySales Inc., the newest business venture for RadioShack Corp.'s former president and CEO, David Edmondson, who leased 42,920 sf in a 75,000-sf warehouse at 719 109th St.
Arlington Business Park's owner of record is GT88 LP, a private partnership from Beverly Hills, CA who's owned the asset since the late 1980s. Its leasing team is Henry S. Miller Commercial senior vice president John Brewer and vice president Chris Delzell.
Delzell tells GlobeSt.com that Hickory Springs, moving from 3629 E. 1st St. in Fort Worth, has inked a seven-year lease after five months of weighing the relocation decision. Meanwhile, Edmondson, who resigned from RadioShack amid allegations of doctoring his resume, struck a long-term lease for an as-is end cap after two months of talks. His new 65-employee venture has been widely publicized, but not the location.
Delzell credits Arlington Business Park's location and economics with the wins, citing rates of $3.50 per sf to $7 per sf as incentives to look at the buildings and ultimately to sign for space. "We've had quite a bit of success with his business model," he says about the out-of-state owner. "He's a low-cost provider and he keeps his tenants." The park is down to three warehouse spaces, 32,625 sf, 11, 443 sf and 2,890 sf.
Santee Hathway and Trace Elrod with Jackson & Cooksey Co. in Dallas represented Hickory Springs. Edmondson's brokers were Todd Burnette, executive vice president, and George Curry, marketing associate, with Dallas-based Staubach Co.'s Fort Worth office.
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