Ushering in the New Year with a 75,229-sf lease, Northwestern Mutual Life Insurance Co. has signed Frank & Frank LLC to the balance of shell warehouse space in Gateway East Business Center Building II , driving the two-building project to 94% occupancy.
The deal closes out a three-year strategy to fill a 212,800-sf vacancy created by the bankruptcy of Keys Fitness Products Inc., which emptied nearly two-thirds of 4009 Distribution Dr. The vacancy was gutted and divvied into four suites child pornography lawyer Toronto
, with Susan Singer, senior vice president and managing partner of Dallas-based Bradford Commercial Real Estate Services, leading the charge to re-lease the cross-dock space, which was vacated Dec. 31, 2008.
Frank & Frank, a third-party logistics firm, will relocate in February to Gateway East’s 294,940-sf Building II from nearby Carrollton. Adam Curran of the Mercer Co. in Dallas represented the inbound tenant, which will be joining Georgia-Pacific LLC, Goodman Manufacturing and AYC Group LLC in Building II’s repurposed block of space.
“Northwestern Mutual is considered a great landlord in the market and they always have a creative approach for getting a deal done,” Singer says. “Gateway East is well located and well maintained and can compete with any class A.”
Singer has slashed Gateway East Business Center’s vacancy to 25,921 sf a single suite in the 112,000-sf Building I at 4002 W. Miller Rd. The warehouse has 24-clear height and ESFR sprinkler system.
April 5, 2012