The Hamilton, Bermuda-based Ingersoll Rand signed a seven-yearlease for a 47,600-sf structure at 4310 Adler Rd., Al Blaine,executive vice president and development partner for the BradfordCos. in Dallas, tells GlobeSt.com. "We hope to have them moved inby the end of August," he adds.
Blaine says the pipeline of talks would fill another 50,000 sf,some of which should be finalized in the coming weeks. Theindustrial space is quoted at $4.95 per sf, with $6 per sf to $15per sf part of the bargaining as a finish-out allowance.
Blaine attributes the nine-month stretch for the first tenant tothe "sticker shock" for the "first new small-user, multi-tenantindustrial product that's been built in that market in 25 years."The 12.5-acre, Interstate 30-fronting park has shallow-bay spacesfrom 10,000 sf to 50,000 sf.
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