Stephen Cooper, vice president with NAI Robert Lynn, tells GlobeSt.com that PCI Technology invested about one year into the search for more room, with the final cut being down to three when the decision was made to stay in a building owned by its long-time landlord, Eastpoint Business Center Inc. of Alexandria, VA. The tenant, part of Milwaukee-based Brady Medical Solutions, will move to 1801 Big Town Blvd. from 8181 and 8420 Eastpoint Dr., which is about a half-mile to the east.
PCI Technology's old lease expired at the end of January. "But, with the same landlord, they're not having the hassles of a hold-over," Cooper explains. He adds that the existing infrastructure in the flex industrial building also helped to give it an advantage over two other possible sites.
Cooper and Tom Lynn, the local firm's president of corporate services, worked out a long-term lease with one bump during its term for the tenant. Tom Smolik of TIG Real Estate Services in Dallas represented the building owner, which has a $3.25 per sf quote attached to the Eastpoint IV space.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.