Thank you for sharing!

Your article was successfully shared with the contacts you provided.

GRAND PRAIRIE, TX-Clinical Labs USA of Dallas Inc. is unpacking in 8,386 sf of class A space, signing a five-year lease for its first location in Dallas/Fort Worth.

“We were the bridesmaid for awhile…but they came back and we got it,” Jerry Reis, president of Property Advisers Realty Inc. of Irving tells GlobeSt.com about new deal for One Paddock Place at 2214 Paddock Way in Grand Prairie. The 72,000-sf tech building’s occupancy went to 90% with the lease.

Reis, teaming with his broker Jason Miller, says the finish-out for the blood-testing lab was extensive and required special build-out due to electricity and water requirements. The lab, a subsidiary of Tyler-based Clinical Labs USA, is just now opening doors. Reis says the location is being used as a consolidation site for several labs in the network, which provides diagnostic testing for the nursing home industry. Besides Tyler, the firm also operates labs in San Antonio and Lubbock.

One Paddock Place, owned by OMO Investments Co. of California, has a quoted rent of $10 per sf. Andy Iversen and Reggie Beavan with Jackson & Cooksey of Dallas represented the tenant in the negotiations.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.