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ALLEN, TX-A Sunnyvale, CA-based radar equipment-testing company has leased 32,000 sf in a quick-turning deal to find permanent space in North Texas. The firm, now operating out of 2,000 sf of temporary space, has cut a five-year deal for the building next door.

Applied Signal Technologies Inc. will retool its share of a 102,000-sf vintage warehouse and add a testing range in the rear as part of the deal for 601 Century Pkwy., owned by Tom M. Lacey LP, a local owner whose business, ICBS, fills about one-third of the industrial space, Mark Collins, associate with Dallas-based Swearingen Realty Group LLC, tells GlobeSt.com. He says the site search lasted just 45 days for the firm’s first permanent space in Texas.

Collins says Applied Signal needed a 100-foot rear yard with nothing at its back so it could test and calibrate radar equipment. “The building presented one of the only places that we could do that,” he says.

Under the terms of the flat-rate lease, the California company will pay for an extensive office build-out that calls for converting about 60% of the space into office area, Collins says. A move-in is penciled for August. Comparable warehouse space in the suburban pocket hovers $5 per sf.

The Allen Industrial Park building, with a 28-foot to 30-foot clear height, is now fully leased, according to Collins who teamed with Swearingen senior vice president Chris Teesdale to negotiate the tenant’s side of the deal. Michael McCarten, principal in Mark Five Commercial LP in Dallas, represented Tom Lacey.

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