Daikin Applied, a global leader in the HVAC industry, will move in September to the DFW Airport submarket, signing a long-term lease to double the size of its regional parts facility.
The Minneapolis-based company has leased 13,000 sf in Las Colinas Distribution Center 5, a two-building industrial project at 3241-51 Story Rd. W. in Irving. The relocation will be made in tandem with its lease expiration at a Grand Prairie project in the Great Southwest Industrial District.
"The landlord's willingness to significantly expand the office was one of the main reasons this property was selected," says Kyle Espie, senior associate with Dallas-based Bradford Commercial Real Estate Services. "It's also a more centralized location for Daikin's employees and customers." The office will be upsized to 6,241 sf, an increase of 2,500 sf.
Daikin Applied had eyed projects in Irving and Plano during a four-month search. "It was challenging because the location was important as was the quality of the building and the amount of office space that's needed," Espie adds.
Daikin has leased one of two available spaces in an 80,900-sf distribution center, developed in 1981 along with a 12,914-sf building on six acres adjacent to Dallas/Fort Worth International Airport. The property is close to President George Bush Turnpike and closer yet to North Belt Line Road, a north-south route leading to all major North Texas freeways.
Brian Pafford, senior vice president and managing partner at Bradford, and Jason Finch, broker associate, represent the landlord, Las Colinas AAA Investment LLC. Espie is Daikin's tenant representative.
NORTH TEXAS LEASES
Daikin Applied has leased 13,000 sf of distribution warehouse space in Las Colinas Distribution Center 5, 3241-51 Story Rd. W., Irving, from Las Colinas AAA Investment LLC. Brian Pafford, senior vice president and managing partner of Bradford Commercial Real Estate Services, and Jason Finch, broker associate, represented the landlord. Kyle Espie, a Bradford senior associate, represented the tenant.
Babco has renewed 11,560 sf of warehouse space in ProLogis Stemmons 11, 151 Regal Row, Dallas. Brock Wilson, senior vice president and managing partner of Bradford Commercial Real Estate Services, and Joe Santaularia, first vice president, represented the tenant. Tim Veler of Transwestern Dallas represented the landlord.
Rock Solid Funding has renewed 3,368 sf of office space at 1704 Tennison Parkway, Colleyville. Erik Blais, vice president of Bradford Commercial Real Estate Services, represented the landlord in the direct deal.
IOTEK Systems LLC, dba Haxiot, has leased 2,222 sf of office space in Parkway Centre V, 2500 N. Dallas Parkway, Plano, from Sagebrush Partners. Kyle Espie, senior associate of Bradford Commercial Real Estate Services, represented the tenant.Mark Lewis of Heady Investments represented the landlord.
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.
