X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-ConAgra Foods Inc. has re-upped a 75,000-sf distribution lease with a mid-term pact for South Dallas space to hold onto a longtime address with a strategic positioning to Interstates 20 and 30 and Loop 12.

ConAgra subsidiary, JW Swank, is housed at 4884 Duncanville Rd., a location on the fringe of the Redbird Industrial area, also known as Dallas Executive Center. Tom C. Smolik and Michael Spain, both with TIG Real Estate Services in Dallas, represented the building owner, Robbins Property Co. PJ Morgan of PJ Morgan Real Estate in Omaha negotiated the renewal for the national client.

ConAgra, known for its quiet deal making, renewed in a building with a quoted rate of $2.65 per sf net. The Omaha-based food conglomerate shaved some space with the latest lease in 173,000-sf building, which now has 98,000 sf vacant. The reduced distribution space most likely is tied to the opening a year ago of a 420,360-sf dry distribution warehouse on 22 acres at 4701 Gold Spike Dr. in the 622-acre Railhead Industrial Park in Fort Worth.

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

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.