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.

"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."

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.