Thank you for sharing!

Your article was successfully shared with the contacts you provided.

GARLAND, TX-In a quartet of deals, an NAI Robert Lynn team has roped off 54,176 sf in a 113,000-sf industrial complex. The dealmaking produced two tenant expansions and two newcomers for the two-building Market II.

NAI Robert Lynn vice president Stephen Cooper tells GlobeSt.com that he’s zeroing in on two more deals that, if inked, will fill the complex for the Denver-based owner, Dividend Capital Trust. He and NAI president of corporate services Thomas T. Lynn are marketing the 2627 Market St. property for $3.50 per sf, triple net.

The complex’s largest tenant, Allied Insulation Supply Co., has added 14,500 sf to bump its total to 26,926 sf after five months in the building. The deal for the as-is space was crafted with a co-terminus end to the existing pact, according to Cooper. Nathan Lawrence with Trammell Crow Co. represented Allied Insulation.

ABCA Group, a distributor of spa and beauty supplies, added 8,235 sf, taking its total to 12,250 sf. Cooper says the five-year tenant inked a three-year lease, also in a direct deal.

Bio One Inc. and Picnic Gift Inc. each took 7,500 sf in expansions from Rowlett and Plano, respectively. Bio One has just moved in; Picnic Gift will turn on lights Oct. 1. Cooper says the long-term leases set up expansions for both newcomers. Chris Stout with Capstone Commercial Real Estate Services in Dallas represented Picnic Gift while Bio One used in-house representation to bargain its terms.

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.