DALLAS – Bradford Commercial Real Estate Services has banked three industrial tenants, totaling 17,780 sf, for office/warehouse projects near Interstate 635 in North Dallas.
Ship It AOG LLC has renewed a 14,000-sf lease at 4309 Lindbergh Dr. in Addison for its headquarters and warehouse operations. The 15-year tenant's new commitment has kept occupancy at 100% in the 97,840-sf project.
"With industrial demand driving up rental rates, Ship It opted to do a longer term lease than it has in the past," says Brian Pafford, executive vice president and managing partner of the Dallas-based brokerage firm. He represented the local landlord, 4301-21 Lindberg Ltd., in the direct deal.
At Switzer Business Park, fellow tenants EIQ Group Inc. and Jose Rodriguez have renewed 1,890-sf leases at 10840 and 10850 Switzer Ave. in Dallas, respectively. Bradford colleagues Noah Dodge, senior associate, and Jason Finch, vice president, represented the landlord, Floyd Ventures, in the direct deals.
"We're seeing a much larger percentage of renewals and industrial tenants because of limited options in the industrial market," Pafford says.