Simmons, looking for expansion space since late 2006, will turnon lights in 213,392 sf of Trade Center V at 2580 Esters Blvd. inmid-March. Locally based Trammell Crow Co. has the spec projectslated for completion by the middle of this month.

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The particularly brisk leasing activity at DFW InternationalAirport and the industrial market's overall absorption lastyear are underwriting the developer's plan to start construction onthe fifth distribution center in the 2.4-million-sf Trade Centerdevelopment, owned by Seattle-based Kennedy Associates Real EstateCounsel LP. "There is excellent activity. We're still in the sweetspot of the marker," Steve Trese, vice president for CB RichardEllis in Dallas explains to GlobeSt.com. "Simmons was not thefiring pin, but it was a contributing factor."

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Damian Rivera, vice president for Dallas-based Stream RealtyPartners LP, says Atlanta-based Simmons had narrowed the decisionto a build-to-suit or Trade Center V. [IMGCAP(2)]"Trammell Crowtook a chance. They built a great spec building that met a lot ofour requirements right out of the gate," he says, "and flexibleenough to meet other requirements so we put the build-to-suitoption aside and moved forward with theirs."

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Rivera says Simmons' biggest requirement was 100 trailerpositions. Company leaders also required a heavier parking ratiodue to a two-shift workforce, a 250-employee team now operating in140,000 sf at 4255 Patriot Dr. in nearby Grapevine. The 10-yearlease with Denver-based DCT Industrial Trust will expire in May,according to Simmons' tenant rep.

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Rivera says Simmons has matched Stream's $3 per sftenant-improvement allowance--and added some more to outfit theshell to meet its operating needs, which includes mattressassembly. The regional distribution center will have 60 dock doorsand a 13,000-sf office.

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Trese credits Trade Center V's gateway location at the northernend of the airport and visibility from Texas 114 for capturingSimmons' attention early in the game. "The incubation period of thedeal was close to 10 months. Although visibility wasn't critical,it was a plus," he says, adding the final nod came because of "ourability to deliver the product they were looking for in thetimeframe they were looking for."

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The fine details of the lease are unavailable, but the brokersdid confirm it's a stair-stepped rate. As a barometer, Trade CenterV's remaining space is being marketed for $3.50 per sf with a $3per sf TI allowance.

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With the lion's share of Trade Center V now sealed off, TCCplans to break ground in two weeks on Trade Center IV. Trese saysTCC has enough land under option with the airport authority tobuild another 500,000 sf of Trade Center space.

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From a leasing perspective, Trese says negotiations are underway for an 89,000-sf prelease for Trade Center IV. Like itspredecessors, it has been designed by GSR Andrade of Dallas andwill be built by the El Paso-based CF Jordan LP's Dallasdivision.

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