Reis structured both five-year renewals on the Dallas-based tenant's behalf. A third location, used as a training center, along Newkirk Drive at its intersection with Northwest Highway is under re-negotiation., he says. A market study was done to see if consolidation was viable. "The economics didn't justify going into new buildings," says Reis.
Auto Wax leases 30,642 sf at 1275 Roundtable Dr. for its corporate offices and 30,184 sf at 1300 Roundtable Dr. for manufacturing and distribution of its 80-plus product line specifically geared toward vehicle refurbishment. The mid-1970s-era, single-tenant buildings are situated in the Brookhollow Industrial Park. First Industrial used in-house broker Mark Aller to broker the lease for the corporate offices while James Wilson of the University of Texas Real Estate Group handled talks for its 1300 Roundtable Dr.
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