DALLAS Working both sides of the leasing street, a Bradford Commercial Real Estate Services' team has finalized 10 transactions, four of which required trend-setting vastu shastra techniques in order to get the deals closed.
Through client referrals, Bradford senior vice presidents Melanie Hughes and Sharon Friedberg have become the leading tenant representatives for vastu shastra office deals in North Texas. Vastu shastra is the holistic science of balancing nature with the man-made environment, such as leased office space, and the correct placement of man to achieve the maximum benefits of energy emanated by the two.
The team's latest vastu shastra leases, all five-year terms, total 6,360 sf. In mid-April, the companies Pioneer Technologies Inc., JAYISYS Inc., Epace Technologies and MNCL Inc. will be moving into their new offices at 1212 Corporate Dr. in the Las Colinas Office Center.
“It was a long process to finally get to their requirements. You get down to very few options because of the precise requirements that they need,” Friedberg explains. “Once we got to the right place, the leases were signed in two to three weeks.”
Pioneer, JAYISIS and MNCL have leased 2,560 sf, 1,600 sf and 1,000 sf, respectively, on the second floor of the six-story building. Epace Technologies took 1,838 sf of street-level space. Marc Grossfeld of Sunwest Real Estate Group represented the landlord, 1212 Irving LLC.
In the past year, the Bradford team has completed nearly a dozen deals with vastu shastra requirements, a trend being primarily driven by Indian-based or affiliated companies. “Las Colinas seems to attract more of this type of use,” Friedberg says, adding another one is close to being finalized
In the remaining six deals, Hughes and Friedberg represented landlords five for affiliates ARI Forum LLC and ARI Preston LLC and one for Regions Bank.
ARI Forum LLC has gained one new tenant and two renewals for Forum at Belt Line Building 2 at 4004 Belt Line Rd. in Addison. Home Medical Care leased 2,198 sf while Nerium International LLC and Cargill Steel Service Centers have renewed 5,432 sf and 1,391 sf, respectively.
Representing Home Medical Care was Jonathan Hill of Finley Morrow. Robbie Baty of Cushman & Wakefield of Texas Inc. negotiated for Nerium International. Cargill Steel Service Centers negotiated directly with Hughes and Friedberg.
ARI Preston LLC has landed renewals from ReMax of North Dallas and Dr. Dianne Thomson for Danari Office Building I at 15150 Preston Rd. and Danari Office Building II at 6009 Belt Line Rd. in Dallas, respectively.
ReMax not only renewed, but it is expanding with a 6,684-sf lease, gaining an additional 1,640 sf of office space. ReMax's in-house broker was Don Dahlberg.
Thomson, a dentist, has renewed a 1,782-sf office. Her broker was Jimmy Palasota of Palasota Property Co. in Addison.
Regions Bank's new tenant is Buy Early Corp., which leased 2,600 sf in Westgrove Air Plaza at 4570 Westgrove Rd. in Addison. The Bradford team negotiated directly with Buy Early Corp.
April 5, 2012