National Well Supplies Co. of Houston entered the market with 5,936 sf at 1024 Avenue M in Grand Prairie. A second lease slid Remington Laminations Inc. into 5,247 sf in the same building, GSW 206. The end result is Proterra Properties Inc. of Dallas backfilled without any down time from a larger tenant's exit, Daniel H. Lawson of Proterra Properties tells GlobeSt.com.
Opening the door for the new deals was the relocation, expansion and renewal by C. Freeman Co., which took 16,000 sf for 62 months in Proterra's 912 Avenue M. in Grand Prairie. The tenant's rep was Tom Walrich of Banner Commercial in Dallas.
Lawson says National Well Supplies went to Proterra for a metroplex location based on the relationship that the two struck up in Houston. "He came up and said I want one of your buildings and we made a deal," he explains of a signing minus a market search.
Remington Laminations relocated from the airport submarket to the Grand Prairie building. Brett Owens of Henry S. Miller Commercial in Dallas negotiated the five-year lease in a submarket where office/warehouse space is getting $2.50 per sf to $2.75 per sf.
Also in the Great Southwest, Precision Interconnect renewed 2,866 sf of office/warehouse space in Proterra's Commercial Center at 2233 E. Division St. Lawson, the only broker on the deal, crafted a 66-month pact.
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