(Read more on the industrial market.)
DESOTO, TX-Dealmakers can't discuss the win, but GlobeSt.com hasconfirmed that Cincinnati-based Cintas Corp. has inked a 130-monthlease for 350,150 sf of the 550,600-sf Crossroads TradeCenter. The move-in will coincide with the $22.2-milliondistribution center's completion in mid-March.
Cintas has put a gag order on the deal. Ryan Keiser, first vicepresident for CB Richard Ellis in Dallas, was the tenant rep whilethe developer, Hillwood Investment Properties, had NAI RobertLynn's executive vice president Craig Jones and president ThomasLynn on its side of the bargaining table. With the lion's share nowleased at 1221 Centre Park Blvd., Hillwood is on track to start asecond spec building in 2008 for the 113-acre development, which isdesigned to hold 1.85 million sf in three structures.
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