Industrial Trio Seals 143,596 SF

Stone Resources Inc., inbound in the coming weeks, signed a medium-term lease for 35,000 at 2425 Carter Dr. in Carrollton, becoming the first tenant in a 181,000-sf, two-building complex bought at year's end by TIG Real Estate Services in Dallas. TIG's Steve Trese says the stonecutter, a supplier of marble and granite now working out of 2020 Valley View Lane, took over office/warehouse space emptied awhile ago by BAE Inc.

"We've had a lot of activity and have several deals working," Trese tells GlobeSt.com about a vacant complex made up of a 93,000-sf office structure and 88,000-sf warehouse, which is being marketed for $3 per sf net. Trese teamed with TIG's John Lancaster to steer talks for the building owner while James Svidron of the Robert Lynn Co./Corfac negotiated the tenant's terms.

In Grand Prairie, Degussa Building Systems renewed a five-year location at 2710 Regency Dr. in the Great Southwest. The company, though, shaved about 10,000 sf to take the bottom line to 52,812 sf for its Southwest US distribution center, says Barry Young, associate VP with Equis Corp. The company shopped around because it wanted to downsize, he adds. "But, the landlord was willing to put forth the economics to keep us there," he says about the five-year lease. The building's quoted rent is $3 per sf triple net.

The Equis team representing Degussa included Sean McHale, VP in Young's Carmel, IN office, and Stuart Smith, office leader in Dallas. Thomas Dodge with Trammell Crow Co. in Dallas represented the 300,279-sf warehouse owner, Buckhead Regency Industrial LP of Atlanta.

Young also led the search that put Pratt Industries USA into 55,784 sf at 3700 Eagle Place Dr. in Dallas. The Conyers, GA-based paper and packaging company looked for four months and toured 33 properties before settling on the location of its first box manufacturing plant in Texas, Young says.

The TIG team of Scott Gregory, Thomas Smolik and Michael Spain, who recently joined the locally based Bradford Cos., represented the owner, Greater Dallas Industrial Capital LLC, a partnership managed by the Los Angeles-based Cohen Asset Management Inc. Pratt's executives inked a five-year pact for the 150,000-sf building.