GRAPEVINE, TX-The Atlanta-based Oakmont Industrial Group has reeled in its second lease this month for International Airport Centre, a two-building, 458,980-sf project near the Dallas-Fort Worth International Airport.

AIT Worldwide Logistics Services cut a mid-term lease for 36,619 sf, a deal that brings a relocation from within the Grapevine submarket. The leading transportation solutions provider will move in Nov. 1 to a 102,450-sf structure at 601 Westport Parkway.

Earlier this month, Sears Logistics Services signed for 94,905 sf in the development. The park’s other tenant’s are Panalpina, an intercontinental air logistics operator, and Corinthian Industries, an Australian-based door manufacturer.

Terry Madl, AIT’s director of corporate development, handled negotiations for the tenant. Madl said Oakmont’s “aggressive pursuit” and the ability to upgrade helped push the deal to a close. The relocation was sweetened by a new strategic venture with Panalpina. “The proximity to our partner will provide a big advantage,” he said in a press release.

Steve Nelsen, Oakmont’s executive vice president, and Dave Anderson of CB Richard Ellis Inc.’s Dallas office brokered the deal for Oakmont. Nelson said the lease was negotiated and signed in 1 1/2 weeks.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.