DALLAS-The Cosmos Foundation Inc. has opened doors on a 24,637-sf office/warehouse in Dallas while an audio and sound production company has started working out of an 8,108-sf spot in Richardson. Both are five-year leases.

Cosmos, a charter school with facilities in Houston and Austin, set up shop in Northgate III at 11995 Forestgate Dr. in Dallas. Loren Hilyer of Alliance Commercial in Dallas represented the school while Stephen Cooper of the locally based Robert Lynn Co. brokered for the building owner, American Industrial Properties REIT of Irving.

Cooper tells GlobeSt.com that the deal took about a year to sign due to charter school requirements. The Northgate III is a freestanding building in the northeast submarket. The park’s quoted rate ranges from $4.50 per sf to $5.50 per sf.

In another industrial move-in, the ESI Group has filled 8,108 sf in Commercial Distribution Center I at 1347 Exchange Dr. in Richardson. The audio and sound production operator took “as-is” space in a building with a quoted rent of $3 per sf net. The 65,000-sf building, now 90% occupied, is owned by Proterra Properties of Dallas, which had leasing director Dan Lawson negotiating the terms. The tenant’s rep was Mike Gravitt of Mike Gravitt & Co. in Dallas. The ESI Group, relocating from Farmers Branch, is using the office/warehouse space as its headquarters as well as equipment storage.

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 Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

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.