Ohio-based Taylor Team Relocation LLC has leased 50,070 sf in a pre-emptive move on an upcoming vacancy in Marsh Business Park West in Dallas’ Metropolitan/Addison submarket.
The copier shipping company has signed a long-term lease for 2727 Realty Rd. in Dallas, swiftly making a play on soon-to-be vacated space. The plan is to consolidate two sites and relocate in early January,
“There will be no down time between tenants,” says Brian Pafford, executive vice president and managing partner of locally based Bradford Commercial Real Estate Services. He represents Marsh Business Park West’s owner, GKI Industrial Dallas LLC.
Taylor Team Relocation’s new operations hub features 23,220 sf of office and a 26,850-sf warehouse with nine dock doors. Hudson Sheets and Andrew Gilbert of Holt Lunsford Commercial represented the tenant.
Marsh Business Park West’s new tenant has leased the lion’s share of the 81,220 sf being vacated at year’s end by a longtime lessee in the 140,000-sf building. Bradford already had a plan in place to subdivide the fully air-conditioned space, which hit the market in late summer.
Pafford has whittled the upcoming vacancy to 31,750 sf, which features six dock doors and a 20-foot clear height. The 636,725-sf business park is situated close to Addison Airport and easily accessible to the North Dallas Tollway and President George Bush Turnpike.
The Metropolitan/Addison submarket has a 10.5% vacancy rate, according to CoStar Group. On average, spaces are on the market 5.4 months.
Pafford says there were multiple companies eyeing the 50,070-sf suite, but most weren’t planning to move in until later in 2024. Taylor Team Relocation was one of the exceptions.
“You always hope for no down time for spaces of this size,” Pafford says. “I wasn’t expecting it in today’s market. We’re in a much better position to start the New Year.”
NORTH TEXAS LEASES
Taylor Team Relocation LLC has leased 50,070 sf of office/warehouse space in Marsh Business Park West, 2727 Realty Rd., Dallas, from GKI Industrial Dallas LLC. Brian Pafford, executive vice president and managing partner of Bradford Commercial Real Estate Services, represented the landlord. Hudson Sheets and Andrew Gilbert of Holt Lunsford Commercial represented the tenant.
Tucana Project Logistics Inc. has leased 2,726 sf of office space at 750 E. Canyon Dr., Coppell, from GH 750 Canyon Inc. Jared Laake, vice president of Bradford Commercial Real Estate Services, and Richmond Collinsworth, senior vice president and managing partner, represented the landlord. Eddie Yoo of Landmark Realty Group represented the tenant.
Lucas Martinez Insurance Agency Inc. has renewed 2,338 sf of flex space in Las Colinas Distribution Center 4, 3426 North Skyway Circle, Irving. Brian Pafford, executive vice president and managing partner of Bradford Commercial Real Estate Services, represented the landlord, Las Colinas AAA Investment LLC, in the direct deal.
Chip PC Inc. has renewed 2,175 sf of flex space in Commerce Flex Park, 8403 Sterling St., Irving. Jason Finch, first vice president of Bradford Commercial Real Estate Services, and Michael W. Spain, executive vice president and managing partner, represented the landlord, PRE DFW Airport LLC, in the direct deal.
Breaking Brew Meadery & Taproom has renewed 1,875 sf of retail space in Midway Center, 14438 Midway Rd., Farmers Branch. Melanie Hughes and Erik Blais, senior vice presidents of Bradford Commercial Real Estate Services, represented the landlord, Kennington Midway Center LLC. Jacob Dreyer of Morrow Hill represented the tenant.
R & R Building has renewed 1,500 sf of flex space in Division Street Industrial, 2800 W. Division St., Arlington. Jason Finch, first vice president of Bradford Commercial Real Estate Services; Chris Kennedy, broker associate; and Michael W. Spain, executive vice president and managing partner, represented the landlord in the direct deal.
United Mental Health Services LLC has leased 1,125 sf of office space at 1335 E. Crosby Rd., Carrollton, from JoJo Venture LLC. Mark Ready, broker associate of Bradford Commercial Real Estate Services, represented the landlord in the direct deal.
Bradford Commercial Real Estate Services/CORFAC International is a full-service real estate company based in Dallas with an annual transactions volume exceeding five million square feet. The company manages and leases more than 20 million square feet, valued at $300 million, in North Texas for its strategic partners.
