Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-Delivering the 100,500-sf deal as expected, a Cushman & Wakefield of Texas Inc. team has hung a “no vacancy” sign on the 401,796-sf International Commerce Park I after a nine-month leasing campaign to fill the warehouse shell. The sweet spot of the just-inked lease with Stock Building Supply is it’s underwritten with a 15-year term.

“You rarely ever see a 15-year deal,” Craig Hughes, a C&W director in Dallas tells GlobeSt.com. He estimates $824,000 will be spent to customize the inside of a 25 cross-dock block at 2701 Regent Blvd., which was a critical element to the final decision by the Raleigh, NC-based Stock.

“They looked at a number of buildings,” Hughes says. “I know the competition was pretty fierce.” The deal’s size and the company’s UK-based parent, Wolseley plc, were all that was needed to define the intensity of the chase, particularly since Stock’s owner, already a global leader, has been on a buying binge of lumber and building materials chains in Europe and North America. Stock distributes doors and windows to homebuilders.

Stock Building Supply, working the market for expansion space since last summer, now occupies 50,000 sf at 2770 N. Great Southwest Parkway in Grand Prairie. The firm is making plans to vacate in the summer, according to Hughes, who partnered with C&W senior director Rick Hughes and associate director Noel Hutcheson to represent Stock’s new building owner, Bandera Ventures Ltd., and Crow Holdings. C&W’s Kurt Griffin and Natalie Kampen were running the deal for the tenant.

“They are busting at the seams in their current facility,” Hughes says, adding the class A, cross-dock design of International Commerce Park I helped to make the close for Stock to become the third top-name tenant in a building with primary road and air transport networks at its doorstep. Eight docks will be used for inbound product and 17 designated for the outbound flow. About 10,000 sf has been earmarked for office area, roughly 30,000 sf for production to customize door and window sizes and the balance kept as warehouse.

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?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


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.