COPPELL, TX-Transwestern has bagged three tenants for the 710,002-sf second phase of AmberPoint Business Park, which delivered at the 2006 close-out. The triple run, totaling 329,473 sf, pushes the park’s occupancy to 50%.

Finish-outs will get under way in 30 days, setting a time schedule into play for summer move-ins across the board. Universal Display & Fixture Co., headquartered in nearby Lewisville, has leased 274,808 sf or half of AmberPoint 4 at 200 N. Northpoint Dr. AgroLabs Inc., which leases space across the road, is taking 39,038 sf in AmberPoint 6 at 825 W. Sandy Lake Rd., and Fatboy, a beanbag chair-maker, has lined up 15,267 sf, tapping AmberPoint 5 at 875 W. Sandy Lake Rd. for its first location in the state.

“All were signed within a two-week period,” John Fulton, senior vice president for Transwestern’s Dallas team, tells GlobeSt.com. And, he says, all terms exceed five years. Transwestern vice president Todd Jones and Fulton represent the owner, Boston-based Cabot Properties Inc.

Fulton says the pipeline has enough deals to fill the balance of AmberPoint’s three-building second phase, a mix of cross-dock pure distribution and shallow-bay flex industrial. And though there’s room on the 112-acre tract for two more buildings, Fulton says the team is going to bide its time, keeping the focus on filling what’s there. “We are just continuing on our lease-up. We’ve had some overtures from tenants who might want to be a lead tenant in another building,” he adds, “but we’ll just continue to monitor our leasing and decide when it’s prudent to do so.”

Dan Spika, senior broker for Dallas-based Henry S. Miller Commercial, represented Universal Display. Peter Aburrow with Lee & Associates in Dallas was the tenant rep for the Hillside, NJ-based AgroLabs and a direct deal was cut with Fatboy, a furniture company with its US base in High Point, NC and headquarters in the Netherlands.

Spika says Universal Display is shooting for an August move-in from two leased sites, totaling nearly 150,000 sf. “They needed this 274,000 sf for pure distribution,” he says, stressing the 300,000-sf headquarters at 726 E. Hwy. 121 is owned and stays intact. The relocations will coincide with lease expirations at a Lewisville warehouse and 500 Enterprise Rd. in Flower Mound.

Spika says the short list had four options, all in the Coppell-Flower Mound-D/FW Airport submarket. The deal-breakers were “location and economics,” he explains. “And, this landlord provided us with extra trailer parking, which is important.”

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