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DALLAS-Reddy Ice Group Inc., courting the market with an expansion offer, has signed a 128-month lease for a full floor of class-A space at 8750 N. Central Expressway following a lengthy search for a new headquarters location. Reddy Ice, the nation’s largest ice distributor with a 31-state network, is planning to relocate in November from 3535 Travis St. in Dallas.

The relocation adds an extra 6,000 sf for the team.

The 20-story, 491,803-sf office building is just 52% leased with the Reddy Ice’s 17,958-sf lease–a factor that undoubtedly weighed heavily in putting together the winning economic package. Officially, 8750 N. Central Expressway’s space is on the market for $22 per sf plus electric.

“We were able to give them space high up in the project, very appropriate for their corporate headquarters,” Sandie Matejek, vice president of Jones Lang LaSalle’s Dallas office, tells GlobeSt.com. “But like many landlords along the Central Expressway corridor, concessions are being made to get an effective rate that is appealing to prospective tenants.”

The Plan Group of Dallas has started work on the full-floor redesign. By Matejek’s calculations, construction will begin in late summer. John Shaunfield and Gianni LaBarba, both with Dallas-based Mohr Partners, represent Reddy Ice.

Reddy Ice will take over a floor vacated in 2003 when Excel Communications Inc. was bought out by Vartec Telecom Inc. and the operation shifted to a corporate campus along Harry Hines Boulevard. Matejek says the Atlanta-based building owner got the space back in fall 2003.

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