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CARROLLTON, TX-Home Interiors & Gifts Inc. has re-upped 244,501 sf of auxiliary warehouse space beside its headquarters and distribution hub in the North Stemmons submarket. The Frankford Trade Center warehouse is part of the CalWest industrial portfolio, a $2.5-billion offering en route to the closing table.

“It was an early renewal in advance of the anticipated sale of the property,” Robert Deptula, principal for Transwestern in Dallas tells GlobeSt.com. He and Transwestern principal Nora Hogan worked out a long-term lease for as-is space in the 709,920-sf Frankford Trade Center at 2828 Trade Center Dr.

Deptula says the five-year tenant really didn’t shop the deal because it’s so close to its 659,535-sf main campus at 1649 Frankford Rd.–last year’s top deal in Dallas/Fort Worth. The Transwestern team negotiated the renewal directly with CalWest’s portfolio asset manager, San Francisco-based Rreef, which had Bryan Marsh doing its bargaining.

The 150-dock warehouse, developed five years ago, has 121, 440 sf of open space. Jean Russo with Cushman & Wakefield of Texas Inc. is marketing the warehouse space for $3.50 per sf, triple net, according to the North Texas Data Exchange.

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