DALLAS – Bradford Commercial Real Estate Services has brokered three long-term leases, totaling 24,164 sf, to push two flex projects to 100% occupancy for the first time in several years.
The fully leased assets are Gateway South, a two-building, 80,176-sf project in Irving, and Directors Square, a four-structure complex totaling 50,484 sf in Arlington. Dallas-based International Capital LLC owns both properties.
Gateway South 's new tenants are:
▪ Olympus Controls Corp., which has moved into 10,747 sf at 6025 Commerce Dr. in a relocation and expansion of its flagship location in the Metroplex.
▪ RippleVerse Corp., which is settling into 7,390 sf at 2900 Gateway Dr. It's the first site in the U.S. for the Germany-based manufacturer of all-natural dog treats Kukuje.
Heading into Directors Square is Ceramic Pro Arlington, which has scooped up the 6,027-sf balance at 2202 East Road to Six Flags in Arlington's Entertainment District. The franchisee is one of 200 in the nation and 5,000 worldwide for its San Diego-based parent company.
"International Capital's creative approach and dealmaker mindset were paramount in securing these new tenants at market rates, especially in today’s competitive market," says Erik Blais, senior vice president of Dallas-based Bradford.
Olympus Controls' new flagship site underwent the most extensive construction because the original space was 85% office. It's now traditional flex in a 50-50 mix.
"The landlord was patient and waited for the right deal to warrant reconfiguring the space," Blais says. "Olympus Controls' lease terms justified the redesign."
Brian Mulvaney of Voit Real Estate Services represented Olympus Controls and Kyle Espie of Bradford was RippleVerse's tenant representative. Blais and Jared Laake, a vice president with Bradford, co-brokered the Gateway South leases for the landlord. The Directors Square lease was negotiated directly by Blais.
Bradford was awarded the leasing assignments about 18 months ago. At the time, Gateway South was 32% vacant and Directors Square had an empty 10,803-sf building.