Eleganza Tiles Inc. has signed an early long-term renewal for 60,092 sf of class A industrial space, keeping its central U.S. distribution center in Dallas' Tile Mile Park and reaping the benefits of current submarket conditions.
"Renewals have been happening much earlier in this market because landlords are pushing rents harder," says Joe Santaularia, vice president of Dallas-based Bradford Commercial Real Estate Services.
California-based Eleganza has cut a new deal six months in advance of its lease expiration for its spot in ProLogis Dallas Corporate Center at 2230 LBJ Freeway. "Valwood is a well-leased submarket with new development. As a result, it is creating competition for landlords working to renew tenants," Santaularia says.
Santaularia and Brock Wilson, Bradford's senior vice president and managing partner, represented Eleganza, which also has a retail store in Dallas' Design District and four more distribution center-showrooms in the U.S.
ProLogis in-house executive, Mitch Pruitt, represented the landlord, ProLogis MRA 1 LLC.
The 192,368-sf project is visible from Interstate 635 and easily accessible to Interstate 35, President George Bush Turnpike and the continually expanding residential and commercial development strongholds of North Texas.
LEASES
Eleganza Tiles Inc. has renewed 60,092 sf of industrial space in ProLogis Dallas Corporate Center, 2230 LBJ Freeway, Dallas. Joe Santaularia, vice president of Bradford Commercial Real Estate Services, and Brock Wilson, senior vice president and managing partner, represented the tenant. Mitch Pruitt of ProLogis represented the landlord, ProLogis MRA 1 LLC.
Filpac Products Inc. has renewed 24,545 sf of warehouse space in Pinnacle Park, 1444 Cockrell Hill Rd., Dallas. Brian Pafford, senior vice president and managing partner of Bradford Commercial Real Estate Services, and Jason Miller, vice president, represented the landlord in the direct deal.
The Perfectly Green Corp. has subleased 20,682 sf of industrial flex space in Jupiter N. Distribution Center, 2901 Technology Dr., Plano, TX, from Advanced Flooring and Design LLC. Brian Pafford, senior vice president and managing partner of Bradford Commercial Real Estate Services, and Clint Manning, associate, represented the landlord. Ryan Jordan of Edge Realty Partners represented the tenant.
Rollins HT Inc. has renewed 5,717 sf of warehouse space in One Paddock Place, 2214 Paddock Way, Grand Prairie, TX. Michael W. Spain, senior vice president and managing partner of Bradford Commercial Real Estate Services, and Jim Ferris, vice president, represented the landlord in the direct deal.
Bradford Commercial Real Estate Services/CORFAC International is a full-service real estate company based in Dallas with an annual transactions volume exceeding five million square feet. The company manages and leases more than 20 million square feet, valued at $300 million, in North Texas for its strategic partners.
