Dual Lease Pushes 91,000-Square-Foot Building to 100% Occupancy

FORT WORTH-The 91,500-square-foot 800 Railhead Dr. at the light-industrial Railhead Business Station is 100% leased, thanks to simultaneous deals totaling 58,771 square feet. Weatherford Artificial Lift Systems Inc. (which leased 33,673 square feet) and Traulsen & Co. (which took down 24,898 square feet), will move into their new digs Q1 2012.

Nick Talley with Bradford Commercial Real Estate Services says both companies already have a presence in the region, and both leases are expansions. “The timing on these worked out in the landlord’s favor,” says Talley, whose worked with Bradford Commercial’s Karen Simon to represent  property owner Sun Life Assurance Co. in the lease transaction. “The fact that the landlord could put in one dividing wall, lease out the balance of the space, and get improvements into place, all of that helped get these deals done.” Bob Scully with CBRE represented both tenants in this transaction.