X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FARMERS BRANCH, TX-Drawing six months of talks to a close, Home Decor Outlet Inc. has signed a seven-year direct lease for a 50,079-sf showroom and warehouse in North Dallas after subleasing the location for three years. The deal did win interior and exterior improvements to the 29-year-old structure.

“It was a long process with this one,” says Nathan Rylander, director of Capstone Commercial in Dallas. He says a search of the Addison submarket did take place before settling in to work out a deal with 4700 Alpha Rd.’s owner, San Francisco-based Rreef America LLC and its local brokers from NAI Robert Lynn, president and principal Mark Miller and associate Adam Curran.

“It is a pretty good location. We spent a lot of time weighing their options,” Rylander tells GlobeSt.com, “and decided the best thing was to stay put.”

Rylander says Home Décor signed a “competitive market-rate deal.” Comparable space hovers $4 per sf, triple net plus operating expenses, which Rylander estimates at $1.25 per sf. He says the signed deal also produced upgrades for the interior and exterior of the 2.1-acre headquarters location.

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

*May exclude premium content
Already have an account?

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.