Talks began six months ago for the Rreef America building at1421 S. Belt Line Rd. in Coppell. "There was a lot of extensivenegotiations between the tenant and the landlord," Kurt Griffinwith Cushman & Wakefield of Texas Inc. says about theautomaker's decision to place the Southwest US center. In the pasttwo years, identical facilities have opened in Chicago, Atlanta andHyundai's US headquarters location in Fountain Valley, CA.

The 67,200-sf warehouse is on the market for $8.50 per sf.Griffin tells GlobeSt.com that the final economic package had ahigh tenant improvement allowance so the class A, fully airconditioned, flex space could be divvied into 80% office and 20%training area, including the installation of racks so vehicles canbe used for demonstrations. "We made a great economic deal on thespace," he says.

Griffin says the site search pruned a list of 25 to threepossible locations. "The determining factors," he says "werelocation and proximity to the airport...and it fronted on a majorthoroughfare." Hyundai also secured a building sign as part of thedeal-making along with a first right of refusal on contiguous spaceand enough temporary space so the operation can begin in January,he says. The 30,300 sf will be ready to go in February.