DALLAS – GEMM Technologies LLC has added a second location in North Dallas, leasing 12,237 sf in Marsh Business Park East for a brand-new research laboratory.
GEMM has snapped up as-is space at 3752 Arapaho Rd. in Addison. The long-term lease keeps the 636,725-sf business park at nearly 100% occupancy.
"There was no down time between tenants. Any time a vacancy comes up, it's usually quickly leased," says Brian Pafford, executive vice president and managing partner of Dallas-based Bradford Commercial Real Estate Services. He represented the landlord, GKI Industrial Dallas LLC.
GEMM's new lab is located about eight miles from its Richardson headquarters. The company specializes in geopolymer solutions that tout an 80% reduction in carbon footprint over traditional concrete-based products.
Office/warehouse spaces in the 12,000-sf range continue to be in high demand throughout the metroplex. With the signing, Pafford has just 1,988 sf to fill in the 10-building industrial complex.
"We had a good amount of interest because of the size, layout and finish-out of the space," Pafford says. "GEMM's lease was signed before the space was vacant."
GEMM has scooped up highly modernized, fully air-conditioned space with a break room. Christian Moore of the Mercer Co. represented the tenant.