The long-term lease with DDL Post Associates Inc. of McLean, VA,went full cycle in 45 days, with the build-out fast-tracked in 17days to meet a June 1 key-turning for the mail-sorting operation.Jim Lob, senior vice president in Dallas for Grubb & Ellis Co.,tells GlobeSt.com that the 140,160-sf Building 600 at 920 MintersChapel Rd. in Grapevine near the Dallas/Fort Worth InternationalAirport scored the win for location, 39 dock doors and the owner's"ability to meet a condensed timeline."

The class A office/warehouse building, marketed at $4.90 per sftriple net, was up against four others in a fast-paced search ofthe submarket for a location with a minimum 27 dock doors to handleincoming and outgoing mail. Neither side will say just howaggressive the deal got, but the final contract runs long term withflexibility rights for termination, according to Lob.

Building 600 is one of six on the ground developed by SeefriedProperties Inc. of Atlanta for San Francisco-based AMB PropertyCorp. Rick Medinis, executive vice president for Robert Lynn Co. inDallas, says there are deals in the pipeline to fill the building's35,360-sf balance by month's end. "The interest in the building isprompting us to move ahead on one, maybe two, more buildings assoon as we can," he says.