DALLAS – Bradford Commercial Real Estate Services has achieved 100% occupancy in separate multi-building projects in the Brookhollow industrial submarket, backfilling 33,818 sf with two new tenants for a New York-based landlord.
AMX PCS LLC has leased the 19,318-sf balance of Mockingbird Place at 444 Mockingbird Lane and Ferguson Enterprises LLC has taken the remaining 14,500 sf at 4800 Lakawana St. Brian Pafford, Bradford's executive vice president and managing partner, secured the milestones for GKI Industrial Dallas LLC.
"Basically, the landlord's portfolio is fully leased. It's difficult to find spaces in these sizes in the market," Pafford says. "Much of today's demand is coming from companies wanting to expand."
That was the case for AMX and Ferguson Enterprises, both signing long-term leases with little to no down time on either space for the landlord. Harrison Putt of the Mercer Co. represented AMX and Trapper Graff of CBRE was Ferguson's tenant representative.
"The huge demand for products is pushing companies to expand. Existing tenants and prospects are calling every day about expansion space," Pafford says. "It's a recent phenomenon."
The four-building Mockingbird Place and Lakawana Street, a pair of office/warehouses, are institutionally-owned projects, totaling 301,954 sf of similarly designed industrial space. Situated one mile apart, the properties are readily accessible to Interstates 35E and 30.
"GKI's portfolio historically is well-leased, but the quick lease-up definitely correlates to the current demand for industrial space in DFW," Pafford says.