Winter 2016 Largest Leases



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.

 

 

1. AmerisourceBergen

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.

 

3. Qorvo

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.