FORT WORTH-One office and one flex lease, both class B space, have filled 17,200 sf in Fort Worth and Irving. One deal goes full circle in two weeks.

Omimex Resources Inc., a international oil and gas company, signed a five-year office lease for 8,200 sf to polish off the available area on the penthouse floor of 2001 Beach St. on the east side of Fort Worth, Kurt Cherry with Houston-based PM Realty Group tells GlobeSt.com. The locally based firm will move in July from the top floor of 5608 Malvey Ave. in the city’s southern sector. Finish-out, with above-standard modifications, ramped up this week.

“The deal was made in two weeks,” Cherry says. “The views of downtown Fort Worth really helped seal the deal.” He says the firm needed expansion room and wanted to keep the team on one floor.

The direct deal with Omimex took the 88,663-sf building to 81% occupancy. The office space is on the market for $16 per sf, full service. Credit Suisse First Boston is the owner, with Miami’s Lennar Partners as adviser for the property.

At 9214 N. Royal Lane in Irving, Netflix Inc., the king of DVD rentals, has just moved a fulfillment center into 9,000 sf, signing a long-term lease for a high-end flex property within a quarter-mile of Interstate 635, says Allen Gump, now executive vice president and director of industrial leasing for the newly combined Colliers CMN and Corrigan Real Estate Services. The Los Gatos, CA-based firm shopped the immediate area for nearly four months before settling on the 66,668-sf, single-story building, owned by the John S. Dryden Co. of Dallas, as a replacement for a 2,000-sf space leased nearby for the past year.

Gump says the deal-maker was the fully air-conditioned component in a flex design of mostly office. The rate, he says, “came close to the quote,” which is $10 per sf gross. The building owner had in-house broker, Bill Strange, bargaining its terms for the Royal Business Center in the East DFW Airport submarket.

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?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

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 © 2024 ALM Global, LLC. All Rights Reserved.