DALLAS – In a Texas Two-Step, Bradford Commercial Real Estate Services has backfilled a pair of simultaneous vacancies to restore the 55,550-sf Manana Plaza to 100% occupancy.
"It's pretty rare to backfill two vacancies within days of being able to market them," says Jason Finch, first vice president of Dallas-based Bradford Commercial Real Estate Services. He represents the landlord, 2474 Manana LLC.
The lighting distributor, taking as-is space, was represented by Andrew Johnson of Colliers International. The photography studio, planning to open June 1, was a direct deal.
Manana Plaza, home to 15 tenants, is one of the few gated projects in the Hines Industrial Corridor in northwest Dallas. The class B structure is positioned on 3.6 acres near the junction of Interstates 35 and 635.
Manana Plaza was roughly 70% vacant when Bradford assumed the leasing assignment in spring 2022. The project was leased up within three months, staying at 100% until two former tenants simultaneously defaulted on their leases and opened the door for Boss Lighting and Shot by D Porter.
"The landlord made a lot of capital improvements to the building last year," Finch says. "That and the infill location are the main drivers for Manana Plaza's 100% occupancy."