HOUSTON-FedEx has leased 146,792 square feet at Ellington TradeCenter, a 50-acre industrial park developed by Dallas-basedKDC.

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FedEx, which signed a five-year lease, will use the new spacefor its Home Delivery group. More than 250 employees will move inon October 1.

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KDC worked with FedEx for more than 18 months to nail down thedeal, according to Randy Touchstone, vice president of KDC anddirector of the industrial program. As part of the lease, KDCagreed to fence the building and pave an additional one acre toprovide more parking spaces.

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“We have 18 extra acres near this building, and if we can usethe land to help make a deal, we’re going to do that,” Touchstonetells GlobeSt.

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John Ferruzzo, Griff Bandy and Jon Michael of NAIHoustonrepresent KDC on the leasing of Ellington Trade Center. KirkBittel with Fischer & Company represented FedEx.

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Located at 12554 Highway 3 across from Ellington Field insoutheast Houston, Ellington Trade Center consists of threebuildings totaling 513,800 square feet. With the FedEx lease, theproject is 40% occupied.

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“Despite the tough economy, we’ve been able to consistently fillthe space and garner interest in the remaining 300,000 squarefeet,” Touchstone says.

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In December 2009, KDC announced its first leases at theEllington Trade Center: Goodman Distribution leased 25,300 squarefeet and the Houston Chronicle leased 15,300 square feet. This past January, both Lennox Industries and Jacobs Technologyeach leased 7,500 square feet at Ellington.

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Ellington Trade Center is the first project to be developedunder KDC and Harbert Management Corp.’s national industrialdevelopment program, which was launched in February 2008. It isbeing developed in two phases. Phase I was shell complete in July2009. The phase II development can accommodate up to 320,000 squarefeet.

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KDC and Harbert Management have a second location as part of thenational industrial program, Northpointe Trade Center in Austin,TX. The three-building 450,015-square-foot development isKDC’s first LEED-certified industrial developmentproject.

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