Yanyee International Doubles Size
At Twin Creeks Business Center
ALLEN, Texas Yanyee International Inc. has set up an expansion and relocation within Twin Creeks Business Center, signing a new lease for 21,865 sf of class A industrial space and extending its term.
Yanyee, a distributor of photography equipment and supplies, is more than doubling in size as it marks its second year in the development. Susan Singer, senior vice president and managing partner of Bradford Commercial Real Estate Services, and Chris Stout, market director, represented the landlord, Twin Creeks Warehouse Venture LP. Coldwell Banker Real Estate Solutions represented the tenant.
Yanyee is exchanging 9,525 sf in Building 100 at 1303 N. Watters Rd. for 21,865 sf in Building 300 at 1305 N. Watters Rd., where there is 10,035 sf left to fill in the 64,000-sf warehouse. Twin Creeks Business Center is a three-building development with 180,000 sf of class A space.
But, Stout says the deal-making has just begun, with a backfill tenant already eyeing Yanyee's soon-to-be-vacated space to return Building 100 to 100% occupancy. "We're also working a couple deals on Building 200," he adds, crediting the uptick in activity to the city's limited class A office/warehouse space and temporary moratorium on new industrial construction.
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