ARLINGTON, TX-Taking the space in as-is condition, a distributor of machinery parts is settling into 55,376 sf in the Great Southwest Industrial District. The six-year lease drove the firm’s relocation from a smaller industrial location near Love Field in Dallas.

After a four-month search west of Dallas, the publicly traded AGCO Corp. from Duluth, GA landed in the last open block at 2113 Exchange Dr., a 141,626-sf warehouse owned by Denver-based ProLogis. The space was marketed at $2.85 per sf, triple net.

The Great Southwest has enough available stock “for us to negotiate an aggressive deal,” Chris Jackson, managing director and partner for Dallas-based Stream Realty Partners LP, tells “It was far less than they were paying for a much older building.” AGCO’s former location along Lemmon Avenue was owned by Sewell Automotive Cos., which worked out a lease buyout so the Lexus-Cadillac dealership could expand, according to Jackson.

Stream associate David Duwe partnered with Jackson on the relocation search and negotiations. ProLogis had in-house marketing representative, Joe Rudd, bargaining its terms.

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