DALLAS Bradford Commercial Real Estate Services has selected Michael T. Grant to lead and expand its brokerage business in the Garland-Northeast Dallas corridor.
Bradford’s new senior vice president and managing partner has spent more than 20 years his entire career working the Garland-Northeast Dallas territory: first for NAI Robert Lynn and the last 14 years for TIG Real Estate Services.
“It’s really my real estate home,” Grant says. “It’s where I was raised in the industry. My goal is to grow that market for Bradford, both in personnel and product.” The territory spans Allen, Garland, McKinney, Mesquite, Plano and Richardson.
Grant’s deep submarket knowledge has translated into a deal volume of $100 million, representing more than 500 transactions and 1.1 million square feet of mostly industrial space. He will continue to focus on the industrial sector, with office and retail as part of the new leadership role.
“Michael Grant has the leadership qualifications to take on Bradford’s Northeast Corridor managing partner role,” says Kevin J. Santaularia, president and CEO of the Dallas-based firm, “and we are eager to leverage his skill set with our industrial reach.”
Grant has invested more years into the Garland-Northeast Dallas submarket than possibly any other broker in Dallas/Fort Worth. It’s that kind of geographical focus that “allows you to know everyone and everything in that market,” he explains.
The submarket historically has been considered a core market due to its stable rents and solid occupancy rates. The industrial sector has approximately 42 million square feet, including flex, and an occupancy rate hovering 83%.
“It’s probably one of the most stable submarkets in the metroplex,” Grant says. “For the core investor, it’s great. There is a 20-year track record of knowing where the rents are.”
Grant, formerly a senior vice president at TIG, has consistently earned industry awards with his Garland-Northeast Dallas transactions. His client roster includes many of the nation’s largest institutional leasing investors.
Grant is a candidate member of the Commercial Investment Real Estate Institute and pursuing Certified Commercial Investment Member (CCIM) designation. The Fort Worth native is active in the North Texas Commercial Association of Realtors, North Texas CCIM chapter and Urban Land Institute.
May 21, 2012