X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DFW Brokers Shore Up 49,876 SF of Industrial SpaceDALLAS-Industrial leasing activity this week takes 73,876 sf off the market in renewals, expansions and new locations for five tenants. Of the total, 49,876 sf is located in the Dallas-Ft. Worth metroplex and the balance in Indianapolis.Connie GoreDALLAS-In a flurry of leasing activity, Dallas-Ft. Worth brokers have cut five pacts for 73,876 sf of industrial space both near and far. Of the total, 49,876 sf is located in the DFW region.

In Irving, plans are under way for a high finish-out for Avail Medical Products Inc., headquartered in Ft. Worth. The medical firm is taking 10,076 sf of office-warehouse space at the five-building Freeport Tech Center. Tom Smolik of TIG Real Estate Services in Dallas tells GlobeSt.com that $190,000 is being spent to upgrade the second-generation space, vacated in March by Toshiba.

Smolik and TIG’s John Lancaster represented the building owner, Petroleum Inc. of Wichita, KS in the seven-year lease. Glenn Watson of NAI Stoneleigh acted on the tenant’s behalf.

Avail will retain its Ft. Worth location and also has an office in Michigan as well as six manufacturing sites nationwide. It plans to move into the Irving location in mid-October. The tenant finish-out, which begins next week, calls for an elaborate re-design that includes glass walls for a retrofitting into an office-showroom for Avail’s high-profile clients.

Avail will be moving into a 50,000-sf building that is part of a 200,000-sf, five-building complex. Freeport Tech, built in the mid-1980s, is 90% occupied with the latest signing.Extended Technology has added 14,800 sf to its existing 17,200-sf lease at 9704 Skillman in Dallas. The Northgate Business Park expansion and renewal has been crafted by Helen Hudson and Michael Grant, both of TIG, and Scott Jackson of Alliance Commercial in Dallas. Hudson and Grant negotiated the 50-month pact for Northgate’s asset manager, Kennedy & Associates of Seattle. The owner of record is Northgate Business Park Inc. The 529,768-sf Northgate, developed in the 1980s, is 98% occupied.

Hudson also closed a 5,800-sf renewal and expansion for June Supply at 11456 Pagemill in Dallas. She negotiated the three-year deal single handedly for building owner, Northgate Business Park Inc.

The Grubb & Ellis Dallas team of Robert Fulford and Gary Lindsey has secured a 36-month renewal for Kaepa USA. The tenant occupies 19,200 sf of warehouse-distribution space at 9050 Autobahn Dr. in Dallas. Crow Family Holdings of Dallas is the property owner.

Trammell Crow Co.’s Dallas office has sealed a 24,000-sf lease for McComb Window & Door Co. in Indianapolis. Steve Horn, vice president of Trammell Crow, and Grant Runnerstrom, property manager, negotiated the pact, which includes a 9,600-sf addition for building owner, CalEast Industrial Investors LLC. The tenant, in business for 68 years, now occupies the entire building at 7690 Zionsville Rd. Tom Cooler of CB Richard Ellis represented McComb Window & Door.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.