Intertek, an equipment testing firm, has inked a long-term leasefor the balance of a 150,000-sf flex building at 1809 10th St.,setting a plan in motion to vacate 420 N. Dorothy Dr. in nearbyRichardson. The lease requirements narrowed the selection to fivebuildings because must-haves included staying in the northeastDallas submarket and fully air conditioned space, Thomas Lynn,president of the corporate services division of Dallas-based NAIRobert Lynn, tells GlobeSt.com.

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"They needed to stay near their current facility. They like thearea and are happy with their employees," Lynn says, adding heavypower also was on the must-have list. "They are just expandingtheir business dramatically."

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Lynn says the site search began in the summer, triggering asearch for more space and image-setting location. The 10th StreetBusiness Park is a two-phase development totaling 658,000 sf set on40 acres. The project was developed by Dallas-based MiramarDevelopment and is being leased by Michael McCarten and Jeff White,partners in Mark V Commercial in Plano. According to the NorthTexas Data Exchange, the flex space's quote was $4.50 per sf in atriple net annual rate.

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