This Week's Dallas-Fort Worth Deal Sheet
Industrial and packaging materials distributor Uline signed a 1.1M SF lease for a building inside Irving's Passport Park industrial development.
Located at 2600 Rental Car Drive in Irving, the four-building development was created by Trammell Crow and its joint venture partner CBRE Global Investors.
Uline will occupy all of Building 1 and plans to move into the center in May.
“Passport Park Building 1 was designed to accommodate the demands of large bulk users, like Uline, that typically require extra land to expand operations, increase parking capabilities, or increase trailer storage,” TCC Dallas-Fort Worth Business Unit Principal Jake Marks said in a statement.
EXECS
Lee & Associates promoted Taylor Stell to director. Stell represents real estate owners and tenants in the industrial and office sectors.
CONSTRUCTION AND DEVELOPMENT
Talley Riggins Construction Group launched construction on an 83K SF industrial asset at 8480 Esters Blvd. in Irving.
REIT PS Business Parks is adding the facility to its portfolio of 27.6M SF of industrial, flex and office space nationwide.
The Irving structure will come with eight suites featuring 1K SF of office space and warehouse space. Construction is scheduled to end in the fourth quarter.
The owner partnered with Talley Riggins Construction, Blackbird Studio Architects and Stream Realty Partners on the project. Stream Realty's Steve Riordan is managing the project.
LEASES
The former 460K SF distribution hub for Pier 1 Imports is now listed for lease in Mansfield. Known as Heritage Park, the site offers triple Freeport tax exemptions and is being marketed for furniture or e-commerce distributors. LanCarte Commercial is handling the listing.
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Advatix renewed a 29K SF industrial lease at 110 North Freeport Parkway in Coppell. CBRE's Steve Trese, Nathan Lawrence and Krista Raymond represented the landlord, Prologis.
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Graybar Electric Co. renewed its 202K SF industrial lease at 2700 Regent Blvd. near DFW Airport. CBRE's Steve Trese and Wilson Brown represented the landlord, Airport Trade Center, while Pinnacle Commercial's Mike Voelker represented Graybar.
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Westrock Container leased 62K SF of industrial space at 5181 Samuell Blvd. in Mesquite. CBRE's Trevor Atkins represented Westrock in lease negotiations, while Holt Lunsford's Josh Barnes represented the landlord.
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Javelin Energy Partners signed a 12K SF office lease at 8401 North Central Expressway in Dallas. CBRE's Clay Vaughn and Preston Lynn represented Javelin, while Lincoln Property Co.'s Worthey Wiles represented the landlord.
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IDM Products leased nearly 13K SF of industrial space at 10460 Markison Road in Dallas. CBRE's Trevor Atkins represented IDM, while Holt Lunsford's Ben Wallace represented the landlord.
THIS OR THAT
The London Baker pastry shop founded by Food Network featured baker Elizabeth Rowe is opening a second DFW location in Lewisville next year.
The 1,600 SF bakery is slated to open in the spring of 2021 at Bright Realty's The Realm at Castle Hills development, offering pastry orders to go and dine-in options. This is the company's second location in the Castle Hills area, with the first opening in March 2018.
Bright Realty relied on Britton Lankford and Dan Looney to handle negotiations with the bakery, while the shop was represented by Keller Williams' Robyn Heathcock.
CORRECTION, AUG. 11, 10:15 A.M. CT: A previous version of this article had the wrong opening date and Castle Hills location for The London Baker's second location. The story has been updated.
