GRAND PRAIRIE, TX-Third-party logistics provider Acme Distribution has decided to stay in its current digs. To that end, the company renewed its 87,816-square-foot lease for warehouse and distribution space for the stand-alone site.
Fred Kurtz, vice president and southwest regional property manager for the property’s owner Heller Industrial Parks says Acme Distribution has been at the site at 225 SW 14th St. for five years. During that period, however, both tenant and landlord had to be extremely flexible with terms due to the Great Recession, which left Acme with some vacant space due to client consolidation.
“At the end of their committed term, the building began to see some vacancy and we worked with them,” Kurtz tells GlobeSt.com. “We try to make clients comfortable with their deals. It’s better to have a client paying rent than no client at all.” However, the one-year renewal – which Kurtz acknowledges is not an industry standard – is seeing Acme using some of its vacant space once again.
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