Calvin Hull, now a senior vice president in corporate services with Dallas-based Staubach Co., filled the building for the Billingsley Co. as part of his close-out leasing rally for its industrial and office portfolios. The building at 2915-19 Merrell Rd. is being retooled for Amigo International and Quality Trim & Door Co., backfills for a tenant who filed a Chapter 11 bankruptcy in recent months, according to Hull, who along with Carter Crow hit the double run for Billingsley.
Mark Miller, principal with the Dallas-based Robert Lynn Co., says Amigo International will move by December into 27,347 sf. He tells GlobeSt.com that the importer of glassware and food products spent six months looking for a location so it could double in size and relocate from 645 Regal Row in the Bookhollow Industrial Park. "There were so many good opportunities," he says of the combo headquarters and distribution search, "that it was just trying to find the best deal. It was a very fair deal." He says the relocation will coincide with a lease expiration.
The Carrollton-based Billingsley doesn't advertise its rates, but the building is situated in a submarket where the going rate is $3.56 per sf to $6.46 per sf and vacancy is just 7.4% in a 21.7-million-sf inventory, according to third quarter numbers by Cushman & Wakefield of Texas Inc.
Also inbound in the coming months will be Quality Trim & Door Inc., which took the 36,080-sf balance to stage an expansion play from its base at 201 Amanda Lane in Waxahachie, about 40 miles south of the Merrell Road building. The firm was represented by independent Dallas broker Marshall Cooper.
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