DALLAS – Mountain Accessories Inc. has selected North Texas as its new U.S. headquarters and distribution hub, signing a 10-year lease with Twinrose Investments Co. for 41,486 sf of its class A space in International Park to jump-start a relocation from New Jersey. The company will ramp up operations Aug. 1 in Twinrose Regent 1 at 2611 Regent Blvd., a 256,500-sf office/warehouse sitting on ground-leased land at Dallas/Fort Worth International Airport. Warehousing and distribution will be the first to exit West Deptford, N.J. The headquarters office will follow suit late in the third quarter. Mountain Accessories began looking west of the Mississippi River one year ago, confining its search to properties with Triple Freeport and Foreign Trade Zone incentives. Twinrose Regent 1 not only had both, but it also had 10,000 sf of move-in ready, corporate-quality space that had been built out for a company that went bankrupt before it could take full occupancy in 2011. “The space really worked well for Mountain Accessories. We had a lot of deals working on this space because it had been built out,” says Todd Lambeth, executive vice president of Dallas-based Bradford Commercial Real Estate Services. He partnered with Joe Santaularia, Bradford’s broker associate, to score the win for Texas.
NAI Robert Lynn’s Van Power, COO of the Corporate Services Division, and David Schrock, senior director, represented Mountain Accessories, which enjoys market share on the West Coast with its high-end plumbing products. Schrock pointed out Dallas/Fort Worth’s central U.S. positioning offered a logistical advantage over the competing cities inside and outside Texas. Mountain Accessories is incorporating a 1,000-sf showroom into the 10,000-sf office. The 31,486-sf balance of the leased space will be warehouse and distribution for the company, founded in 1997 in partnership with Scotland-based McAlpine and Co. Ltd., a leading manufacturer of high-quality plumbing products in the United Kingdom and European markets. The new long-term lease seemingly has turned the tide for Twinrose Regent 1, which delivered at the height of the downturn in late 2008. Twinrose Regent 1 is 40% leased – for now. “Activity on Twinrose is very good and very brisk. We’ve got a couple good deals teed up for that building,” Lambeth emphasizes. “In 60 to 90 days, it will be almost 100% leased.” The class A design boasts 30-foot clear heights, dock-high loading, ESFR sprinkler, a 140-foot truck court and a location close to all major freeways heading north, east, south and west.
July 16, 2012