THE COLONY, TX-Four companies have signed leases totaling 60,000square feet at The Cascades at The Colony, a 100-acremaster-planned community located along the State Highway 121corridor.

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Developed by Dallas-based Jackson-Shaw, The Cascades at theColony includes a mix of office and industrial space, along withtwo Marriott-branded hotels and The Cascades Event Center, whichopened in 2009. A two-acre park serves as the focal point of thedevelopment.

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Jason Nunley, vice president of development for Jackson-Shaw,attributes the increased leasing activity to the partnershipbetween the developer and The Colony Economic Development Corp.“The city has played an integral role in bringing tenants to TheCascades,” he tells GlobeSt. “This is a relationship unlike anyI’ve had with other municipalities. We have a team approach topursue tenants.”

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Three new tenants signed leases for flex office and industrialspace. Tuffronts, a manufacturer of pre-cut vending machine panelsand supplies, committed to a five-year lease for 27,230 squarefeet. Similarly, Write Now! Office Products, an office supplydistributors, signed a five-year lease for 15,500 square feet.

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Schneider Optical, a German-based manufacturer of opticallenses, inked a five-year lease for 11,017 square feet for U.S.headquarters. The fourth tenant, Lakeland Marketing, a supplier ofmarketing supplies to the foodservice industry, signed a five-yearlease for 8,000 square feet of office space.

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The Cascades is exclusively represented by Burson Holman andAdam Hammack at CB Richard Ellis.

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“The Cascades at The Colony has been a strategic tool forattracting businesses, jobs and new revenue sources to ourcommunity,” says Keri Samford, director of economic development forThe Colony Economic Development Corp. “We anticipate this activitywill increase as our community grows.”

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Nunley says several of the recent leases signed at The Cascadeshave been supplemented with incentives from the City. “This is aperfect example of how an informal public-private partnership canwork to the benefit of both parties,” he contends. “We would nothave experienced the level of success without the city’s help. Inthese competitive times, having a municipality that will lock armswith you to creatively an aggressively pursue deals isinvaluable.”

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