Pete Richardson, senior vice president for Henry S. MillerCommercial in Dallas, tells GlobeSt.com that Aloha Housewares Inc.did look around, but the owner of 841 Great Southwest Pkwy. offeredan "aggressive deal" to keep the ceiling fan manufacturer andspecialty lighting pro in place. "In the end, they wanted to stayin that building," he adds, pointing out part of the lure for thesite is the freestanding building's size and hard-cornerpositioning.
Aloha operates a service center in the flex building, which issits in a corridor with rates of $2.95 per sf to $3.25 per sftriple net for comparable space. Richardson and Chris Delzell, vicepresident with Henry S. Miller Commercial, put six months into thehunt and renewal negotiation. The Denver-based owner, ProLogis, hadJoe Rudd and Scott Studzinski working out its terms.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
