125,734-SF Trio Fills Frankford Trade Center

Precise Food Ingredients, a spice manufacturer, has added 40,748 sf of contiguous warehouse space to its long-time operations hub in the 221,400-sf Frankford Trade Center III at 1432 Wainwright Way. "We'd been talking to them for a long time about an expansion," Jeff Thornton, senior leasing broker for the Indianapolis-based Duke Realty Corp., tells GlobeSt.com. "The need finally became great enough."

In addition, USFI Inc. has tapped 49,345 sf and Brandt Affixing Inc. grabbed 35,641 sf in Frankford Trade Center III. "Basically, we took the building from 46% occupancy to 100% occupancy in a 20-day period," Thornton confides. The Frankford Center deals filled the last holes from last year's 85,000-sf hit by Ultimate Electronics Inc.

Thornton says dealmakers inked stair-stepped, seven-year leases for USFI and Brandt. Brandt, like Precise Food Ingredients, has just turned on lights to its new warehouse space, doubling in size with the move from 1625 Crescent Dr. in Carrollton. USFI, with locations along Ford Road and Royal Lane, hasn't penciled its move-in as yet on Duke's calendar.

Precise Food's extra space had been marketed at $3.25 per sf to to $3.65 per sf. The warehouse's other openings were tagged at $3.50 per sf to $4.50 per sf.

Greg Nelson, principal with Lee & Associates DFW, represented Precise Foods, which signed a co-terminus deal for the remaining four years. Russell Webb, vice president with Stream Realty Partners LP in Dallas, negotiated USFI's lease and Mark Miller, president and principal of Dallas-based NAI Robert Lynn, was Brandt Affixing's tenant rep. Thornton brokered Duke's terms for Precise Foods and Brandt Affixing while colleague Curt Hefner handled the USFI deal.

Frankford Trade Center I is a 153,200-sf building at 2940 Eisenhower St. and its sister is a 123,200-sf warehouse at 1444 W. Frankford Rd.--both are fully leased. The triple play, Thornton says, "will button us down to the end of the year."