DALLAS-The Neiman Marcus Group Inc. has expanded its presence inPinnacle Park by roughly 40%, leasing 470,250 square feet ofindustrial space for 10 years. The luxury retailer currentlyoccupies 292,500 square feet in the class A building, and theremaining space is filled by FedEx.

With the expansion, Neiman Marcus will occupy the entirebuilding located at 4121 Pinnacle Point Dr. It will use the spaceas a regional distribution facility for its Last Call division.

“We’ve been discussing Neiman’s expansion for a while, but FedExoccupied the rest of the building, and they wanted to expand too,”says Corbin Crews, vice president of CB Richard Ellis’ localoffice. He represented the local landlord, TR Pinnacle Corp. NeimanMarcus was represented internally by Greg Shields, senior vicepresident of distribution/logistics and fulfillment.