ARLINGTON, Texas – Georgia-based 50 Floor LLC has ended a lengthy search for expansion space in the Great Southwest Industrial District, signing a seven-year lease for 26,881 sf of newly delivered class A core industrial space.
The flooring company is one of the first tenants to lease space in Parc 20, a two-building speculative project at 4851 S. Collins St. in Arlington. Occupancy is planned for Sept. 1.
"This is 50 Floor's first new-build space in its 23-city portfolio," says Jason Finch, first vice president of Dallas-based Bradford Commercial Real Estate Services, who represented the tenant along with Joe Santaularia, senior vice president and managing partner.
Finch says 50 Floor began scouring the market for second-generation space in summer 2021 in the Great Southwest. Tight market conditions led the company to Parc 20, a 154,127-sf project going up at Interstate 20 and South Collins Street.
"50 Floor is coming of age and able to pursue new-build. It's a new concept for the company," Finch says, "and it worked out really well."
The flooring company, now located in Grand Prairie, will gain more than 9,500 sf when it sets up shop in the end cap of Building 1. Tenant finish-out calls for a 3,384-sf office, with the balance as warehouse. Amenities include fully sprinklered space, 32-foot clear height and roughly 10 dock doors, including a ramp.
"50 Floor was running out of room and wanted to stay in the Great Southwest because that's where the employees live," Finch says. "Management also preferred an end cap. Parc 20 meets every requirement."
50 Floor caters to the shop-at-home crowd. The company, founded in 2010, entered the Dallas/Fort Worth market in 2016.
Luke Davis and Charles Brewer of Stream Realty Partners DFW LP represented the landlord, JSC/TPRF V Parc 20 LLC.