X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-Two industrial tenants looked around and then re-signed for a combined 19,540 sf for properties in Dallas and nearby Carrollton.

MSC Industrial Direct, a wholesaler of tools, signed for short term on 12,665 sf at 9225 King James Rd. in Dallas. The longtime tenant intends to continue looking, says Nathan Denton of Henry S. Miller Commercial in Dallas. The Brookhollow Industrial District renewal went for $4.25 per sf gross, he tells GlobeSt.com. Jerry Smith of Dollar-Flowers in Dallas represented the local building owner, Robbins Property Co.

At Crosby 35/Business Park in Carrollton, Bill’s Air Conditioning re-upped 6,875 sf with a medium-term lease at a rate of $5.35 per sf triple net, Denton says. “We looked around there too, but the landlord gave us an offer that we couldn’t refuse,” he explains, noting the deal includes an option to expand without penalty. The three-year tenant’s new deal coincides with the expiration of the old pact. The firm repairs and distributes HVAC systems for residential properties.

The 1225 E. Crosby Rd. building, totaling, 141,735 sf, was sold in late February by Macfarlan Real Estate Investment Management of Dallas to another locally based owner, TA Realty Associates. The asset was 97% leased when it traded.

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?

GlobeSt. NET LEASE Spring 2021Event

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

Get More Information
 

GlobeSt. NET LEASE Awards 2021Event

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.