Quartet Seals 54,176 SF of Industrial Space

GARLAND, TX-In a quartet of deals, an NAI Robert Lynn team has roped off 54,176 sf in a 113,000-sf industrial complex. The dealmaking produced two tenant expansions and two newcomers for the two-building Market II.

NAI Robert Lynn vice president Stephen Cooper tells GlobeSt.com that he’s zeroing in on two more deals that, if inked, will fill the complex for the Denver-based owner, Dividend Capital Trust. He and NAI president of corporate services Thomas T. Lynn are marketing the 2627 Market St. property for $3.50 per sf, triple net.

The complex’s largest tenant, Allied Insulation Supply Co., has added 14,500 sf to bump its total to 26,926 sf after five months in the building. The deal for the as-is space was crafted with a co-terminus end to the existing pact, according to Cooper. Nathan Lawrence with Trammell Crow Co. represented Allied Insulation.

ABCA Group, a distributor of spa and beauty supplies, added 8,235 sf, taking its total to 12,250 sf. Cooper says the five-year tenant inked a three-year lease, also in a direct deal.

Bio One Inc. and Picnic Gift Inc. each took 7,500 sf in expansions from Rowlett and Plano, respectively. Bio One has just moved in; Picnic Gift will turn on lights Oct. 1. Cooper says the long-term leases set up expansions for both newcomers. Chris Stout with Capstone Commercial Real Estate Services in Dallas represented Picnic Gift while Bio One used in-house representation to bargain its terms.