Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-Proterra Properties of Dallas holds tight to a longtime tenant at Perimeter Warehouse 1 in northeast Dallas, where a long-term 50,000-sf renewal keeps the 265,000-industrial building at 100% occupancy.

US Ink Corp. stamped another 50,000-sf deal for its home of more than two decades, Dan Lawson, Proterra’s leasing director, tells GlobeSt.com. The Carlstadt, NJ-based manufacturer, one of seven Sun Chemical Co. divisions, “got a market deal,” according to Lawson. Market rate in that section of town ranges from $2.25 per sf to $2.50 per sf.

The seven-year lease for 12002 Corporate Dr. kicks in this month, picking up where the old one left off, Lawson says of a building in the Perimeter Industrial Park, a mix of industrial buildings with multiple owners. Sitting across the bargaining table from Proterra’s Lawson was tenant rep, Larry Leon of CB Richard Ellis Inc.’s Dallas office.

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?


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.