400-Job Aerospace Firm Remaining in Corinth

Labinal-Corinth Inc. will use the industrial space at 2800 Quail Run Rd. for its US manufacturing hub to assemble wire harnesses. Kipp R. Collins, vice president in Dallas for the Philadelphia-based Binswanger, says the search spanned the entire Dallas/Fort Worth metroplex, with the field narrowed to eight buildings. He tells GlobeSt.com that the five-year deal landed next door after executives weighed the moving costs and the City of Corinth came up with an abatement package for the 400-job employer. "It helped them to make their decision to stay in Corinth," he says.

Labinal-Corinth will share a 200,000-sf, multi-tenant building primarily leased to Hughes Supply, with the local owner, CoServ Realty Services Corp. in part of the space. Collins says Labinal-Corinth has jumped into a specialty finish-out amid talks with CoServ to lease about 10,000 sf of class A office space in an adjoining building, which is quoted at $15 per sf. He predicts the office lease talks with CoServ broker Scott Brown Properties of Dallas will wrap up at the end of March, just about the time that Labinal-Corinth fires up the assembly line.

Labinal-Corinth, now a subsidiary of Safran Co. in France, was spun off from Boeing in recent years. "It just didn't make sense for them to stay in that building," Collins explains.