ARLINGTON, TX-A double run, totaling 106,532 sf, has pushed the 415,000-sf Arlington Business Park to 89% occupancy. One inbound tenant is more than doubling its warehouse space with a move to the Great Southwest Industrial District while the other gets ample room for a start-up company for e-Bay sales.

Hickory Springs Mfg. Co., headquartered in Hickory, NC, will turn on lights Aug. 1 in 63,612 sf at 605 109th St., hanging a no occupancy sign on the 96,237-sf warehouse, one of 14 in the park. Already setting up shop is EasySales Inc., the newest business venture for RadioShack Corp.’s former president and CEO, David Edmondson, who leased 42,920 sf in a 75,000-sf warehouse at 719 109th St.

Arlington Business Park’s owner of record is GT88 LP, a private partnership from Beverly Hills, CA who’s owned the asset since the late 1980s. Its leasing team is Henry S. Miller Commercial senior vice president John Brewer and vice president Chris Delzell.

Delzell tells GlobeSt.com that Hickory Springs, moving from 3629 E. 1st St. in Fort Worth, has inked a seven-year lease after five months of weighing the relocation decision. Meanwhile, Edmondson, who resigned from RadioShack amid allegations of doctoring his resume, struck a long-term lease for an as-is end cap after two months of talks. His new 65-employee venture has been widely publicized, but not the location.

Delzell credits Arlington Business Park’s location and economics with the wins, citing rates of $3.50 per sf to $7 per sf as incentives to look at the buildings and ultimately to sign for space. “We’ve had quite a bit of success with his business model,” he says about the out-of-state owner. “He’s a low-cost provider and he keeps his tenants.” The park is down to three warehouse spaces, 32,625 sf, 11, 443 sf and 2,890 sf.

Santee Hathway and Trace Elrod with Jackson & Cooksey Co. in Dallas represented Hickory Springs. Edmondson’s brokers were Todd Burnette, executive vice president, and George Curry, marketing associate, with Dallas-based Staubach Co.’s Fort Worth office.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 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.

GlobeSt

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 © 2024 ALM Global, LLC. All Rights Reserved.