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DALLAS-Shoring up its deep-running ties to ProLogis, locally based Speed FC Inc. has struck a long-term lease for 267,690 sf of the 535,380-sf Northgate Distribution Center 18 to get more room and move its shop into a nearby building inside the Dallas line. The logistics company plans to turn on lights Sept. 1.

The move to 10300 Sanden Dr. will coincide with a lease expiration at the 226,411-sf warehouse at 3737 Grader St. in Garland, according to Dan Lawson, marketing director for Dallas-based Proterra Properties Inc. The tenant rep tells GlobeSt.com that the short list was down to three locations after a full search of the northeastern tier for expansion space in a fast-moving deal that hit the street in recent months as an expiration hung overhead for Speed FC’s existing lease and its 13,000-sf neighbor hunkered down on a renewal option.

“When people knew it was a real deal, they reacted accordingly,” Lawson says. “Everyone was trying to get them.” Speed FC, a distributor of apparel and luggage, last year leased 300,000 sf at 107 Heritage Dr. in Pataskala, OH near Columbus from Denver-based ProLogis and has filled nearly all of the Grader Street building for several years.

Lawson says ProLogis’ Northgate 18′s upper hand is frontage on three streets–Sanden, Grader and Regency Crest Drive–and the Dallas address. The cross-dock, being outfitted with 13,000 sf of office, has 32-foot clear heights and 96 dock doors in all. Sitting on 14.6 acres, the one-year-old shell is being marketed for $3.30 per sf, triple net. Finish-out got underway in the past two weeks. ProLogis had associate Sarah Seeche in the local office negotiating the flat-rate deal.

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