Deal size has compressed a bit, but leasing velocity remains strong across all sectors, with companies continuing to move to and expand in North Texas. With demand comes higher lease rates, which are pushing tenants to some secondary corridors and creating an ever-strengthening overall market. Here, we look at the top five office, industrial, and retail leases across North Texas during the past three months. As always, data is provided by Xceligent Inc.
Size: 300,000 square feet
Tenant Reps: Jeff Staubach, Greg Biggs, Torrey Littlejohn, and Chase Monroe of JLL
Leasing Agent: Marijke Lantz of Billingsley Co.
Details: The pharmaceutical giant will take occupancy of a new facility at Austin Ranch in Carrollton, designed by Gensler and developed by Billingsley. It will initially house 1,200 AmerisourceBergen employees and, eventually, as many as 3,000.
2. Caliber Home Loans
Size: 182,700 square feet at Point West Office I
Tenant Reps: Jeff Ellerman, Chris Sido, and Jennifer Young of CBRE
Leasing Agent: Chris Taylor, Cushman & Wakefield
Details: The national mortgage firm is consolidating its North Texas operations into this new space at 1525 Belt Line Road in Coppell.
Size: 114,247 square feet at Campbell Commons
Tenant Reps: Tom McCarthy and Melissa Holland of JLL
Leasing Agents: T.D. Briggs, Jeff Wood, and Lauren Perry of Peloton Commercial Real Estate
Details: The company, which makes radio frequency solutions for mobile, infrastructure and defense and aerospace markets, will move into space at 1201 E. Campbell Road in Richardson.
4. Healthcare Associates
Size: 100,000 square feet in Irving
Leasing Agent: Kyle Jacobs of Rubicon Representation
Details: The private practice is kicking off a new medical office project at Gateway and State Highway 161, within walking distance to DART’s Belt Line station. The developers are KDC and Rubicon
5. Stream Energy
Size: 55,226 square feet
Tenant Reps: Van Power and David Schrock with NAI Robert Lynn and Jon Silberman with NAI Partners
Leasing Agent: Bill Cawley, Jeremy Duggins, and Addie Ludwig of Cawley Partners
Details: The company will occupy Tollway Center at 14675 Dallas Parkway in Addison, a six-story building recently developed by Cawley Partners.
1. NFI Industries
Size: 1.1 million square feet
Leasing Agents: Terry Darrow, Kurt Griffin, and Nathan Orbin with JLL
Details: The third-party logistics provider will take occupancy of warehouse and distribution space at 501 W. Danielle Road. The property was developed by Seefried Properties and USAA Real Estate.
2. American Tire Distributors
Size: 756,000 square feet
Tenant Reps: Adam Faulk and Ryan Browder with Jackson Cooksey
Leasing Agents: Tony Creme and Bill Burton of Hillwood
Details: The tire distributor will consolidate two smaller facilities in Carrollton and Fort Worth into Alliance Gateway 60, a large warehouse project near Interstate 35W.
3. Chewey Inc.
Size: 663,000 square feet
Tenant Reps: Mark Collins and Dean Collins with Cushman & Wakefield
Leasing Agents: Kacy Jones and Steve Koldyke of CBRE
Details: The pet food and supplies company will locate its first North Texas distribution center at 7243 Grady Niblo Road in Dallas, a property developed by Crow Holdings.
4. TriMark USA LLC
Size: 211,312 square feet
Tenant Rep: Mark Miller of NAI Robert Lynn
Leasing Agent: Al Sorrels with Majestic Realty
Details: The restaurant supply firm will occupy space at Majestic Airport Center DFW at 2801 S. Valley Parkway, off State Highway 121 in Lewisville.
5. Hempel USA Inc.
Size: 205,522 square feet
Tenant Rep: Cannon Green and Luke Davis of Stream Realty Partners
Leasing Agents: Bob Hagewood, and Forrest Cook of Stream Realty Partners
Details: The global industrial coatings manufacturer and distributor will take occupancy of Building B at Northport 35 Business Center in Northlake.
1. Dick’s SportingGoods
Size: 90,000 square feet
Tenant Reps: Greg Bracchi and Megan Trimble of EDGE Realty Partners
Leasing Agent: Robert Dozier of Lincoln Property Co.
Details: The national retailer of sporting goods will anchor the Gates of Prosper development at the northeast corner of Preston Road and State Highway 121 in Prosper, developed by Lincoln Property Co. and Blue Star Land.
2. Tom Thumb
Size: 53,000 square feet
Tenant Reps: Larry Jordan and Steve Williamson with Transwestern, who also represented the landlord, Centergy Left Bank LP
Details: The supermarket brand of Randall’s Food and Drug will anchor the 110,000-square-foot retail component of the Left Bank development west of the Trinity River in Fort Worth. It will be the first location in Texas for the grocer’s new urban concept.
3. Cinépolis USA
Size: 52,000 square feet
Tenant Reps: Blake Shipp with The Weitzman Group and Neil Baron of Cinépolis USA
Details: The movie chain will go into the second phase of Glade Park, a power retail development at the southwest corner of State Highway 121 and Glade Road in Euless. It will develop a multiscreen cinema that will feature plush automated recliners, a bar and gourmet snacks. The theater is set to open in summer 2017.
4. Alamo Drafthouse Cinemas
Size: 45,240 square feet
Tenant Rep: Tyler Isbel of SRS Real Estate Partners
Details: The popular theater chain will open a third location in North Texas with an East Dallas venue at 6770 Abrams Road at Skillman. It will take over an old Tom Thumb store and open in the spring of 2017.
5. 24 Hour Fitness
Size: 37,000 square feet
Tenant Rep: Jeff Kittleson of CBRE
Leasing Agents: Steve Ewing and Josh Flores of EDGE Realty Partners
Landlord: North Rock Real Estate
Details: The California-based health club chain will open its newest Tarrant County location at Glade Parks in early 2017.