Tenant's Double Deal Seals 107,300 SF

Build-out is underway on the smaller of the two buildings, both with Garland addresses, both long-term leases and both owned by Chicago-based First Industrial. The group's 49,368-sf block in the bulk warehouse at 2705 Shiloh Rd. will be ready to occupy before October, says Mark Aller, First Industrial's marketing and leasing director. About two miles away, the group held onto 57,932 sf, a freestanding regional warehouse used for administration offices and storage at 2010 Merritt Dr.

Aller says the organization spent at least six months sorting through the market's inventory for a relocation site. "It was one we didn't want to lose," he tells GlobeSt.com.First Industrial took an aggressive stance to hold onto the longtime tenant. "We're probably leading in being aggressive," Aller acknowledges, "but it was a fair deal for the long term."

Aller says the renewal was inked early, with the organization in for another five years. A long-term pact also was spun for the extra office and warehouse space.

Aller steered First Industrial's side of the bargaining. Sharon Morrison and Jim Ballard, both with Dallas-based Staubach Co., represented the National Spirit Group.

With the deals done, Aller says he has just one space, 47,832 sf, left in Garland out of one million sf in the submarket. The empty block is the end cap of the Shiloh Road building.