Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CARROLLTON, TX-TransCore LP has tapped 27,321 sf at Midway Commons after searching nearly one year for regional office space. Sealing the decision with a five-year lease, the RFID-technology and software company is planning a Dec. 1 move-in.

“We scoured the market,” says Marti E. Nemer, senior vice president for Jones Lang LaSalle in Dallas. The search stretched along North Central Expressway and the Dallas North Tollway before it was narrowed it to the Midway Road vicinity. The Harrisburg, PA-based TransCore, a subsidiary of Roper Industries Inc. of Duluth, GA, will move from a full floor of class A office space in Tollway Crossing at 19111 N. Dallas Pkwy. to class B office tech space in two of five buildings in Midway Commons along Midcourt Road. She tells GlobeSt.com that the relocation will coincide with a lease expiration.

Nemer and JLL colleague Michael Hart in the Washington, DC office had pruned options to a handful of buildings in North Dallas. “It just worked from an employee standpoint,” she explains. “It became clear to us and TransCore that this location offered a terrific opportunity for productivity enhancement coupled with a compelling business proposition.”

Susan Singer, senior vice president and managing partner of Dallas-based Bradford Cos., says construction is about to ramp up on 13,783 sf in the project’s largest building, 78,502 sf at 3410 Midcourt Rd. and 13,448 sf of a 24,115-sf structure at 3414 Midcourt Rd. The deal pushes the five-building complex, totaling 209,152 sf, to 72% occupancy and 46,000 sf in new deals since the year started, according to Singer.

TransCore will be the largest tenant in the complex, getting its name on the sign as part of the deal. Falcon Southwest, led by Phil Capron of Austin, bought Midway Commons in October 2005. “He bought it knowing it would be substantially vacant,” Singer says, adding a significant amount of work has been done, including spec suites, for the asset’s turnaround play. The post-renovation quote is $8 per sf net.

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?



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 © 2021 ALM Media Properties, LLC. All Rights Reserved.