Avison Young Arranges 223,000 SF Long Term Lease Extension for Epiroc at 815 Enterprise Roadin Dallas Area

10/27/20

The New Jersey office of Avison Young announced it has arranged a 223,000-square-foot long term lease extension of the U.S. global distribution center for Epiroc USA, across Buildings A and B at 815 Enterprise Road in Allen, TX, a suburb of Dallas.

An Avison Young team led by PrincipalEd English alongside Principals Ron Ganter and Tom Giannone and Associate Paul Errigo represented the tenant in the negotiations with the help of AY’s local market expert, Mike McElwee. Nick Thomas of Prologis Dallas represented the property owner in-house.

“We are thrilled to have workedwith Epiroc on the extension of theirglobal distribution centerin Dallas,” said English. “Our team has enjoyed a long-term relationship with Epiroc, having represented them on previous projects throughout the U.S. They are always laser-focused on situating their real estate so that it continues to support their customers and employees, and this time was of course no different.”

English adds, “Considering the substantial investment in the property and the potential alternatives that we vetted, the extensionat 815 Enterprise Road made perfect sense for our client.In addition to securing the property for a long-term renewal, Avison Young worked with Prologis, Inc., the global leader in logistics real estate, to convert the lease to a Clear Lease®, Prologis’ simplified leasing structure.

Epiroc is a leading productivity partner for the mining and infrastructure industries. The company develops and produces equipment, consumables and service for use in surface and underground mining, infrastructure, civil works, and well drilling applications.

815 Enterprise Road is a two-building property with 32’ clear ceiling heights, ideally located in Allen, TX. It’sin close proximity to Dallas and features easy access to several highways including the Sam Johnson Highway, George Bush Highway, Route 380, and the Sam RayburnTollway.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

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