Northern California’s largest local solar provider, V3 Electric Inc., has set up shop in the Upper Great Southwest Industrial District, kickstarting its vision to significantly increase its market share of the energy industry.
The Texas newcomer has leased 10,130 sf in Trinity West Business Park Building A, 2550 114th St. in Grand Prairie. The fast-moving new deal has restored the 140,798-sf, two-building project to 100% occupancy with just a few months’ downtime.
“We’ve always had a healthy occupancy rate in this project. When we do get a vacancy, it is backfilled quickly,” says Michael W. Spain, executive vice president and managing partner of Dallas-based Bradford Commercial Real Estate Services. He and Jim Ferris, vice president, represent the landlord, William J. Owen Trust & CMO Investment Co.
V3 Electric has signed a long-term lease for its new Texas home. Brooke Ford of SVN Trinity Advisors/Matthew Group represented the tenant.
“We were waiting for the right deal to come along. We’d had good activity and multiple proposals,” Spain says. ” V3 shot to the top of the list because it wanted fewer tenant improvements and offered a quicker commencement date.”
Trinity West Business Park’s popularity is two-fold: location and industrial flex suites ranging from 4,000 sf to 10,130 sf. Location-wise, Interstate 30 and TX 360 and 161 are easily accessible.
“Trinity West is good class B product in a good location,” Spain says, “but it’s also important to note that projects with spaces this size aren’t being built these days. Demand is at an all-time high.”
V3 Electric is Trinity West’s largest tenant. Its new base of operations features 3,300 sf of office space and 6,830 sf of warehouse area. Design amenities include 18-foot clear height, rear-load with a grade-level door and double-row front parking.
Founded in 2014, V3 Electric offers traditional solar panels in optional packages and is a Tesla Powerwall certified installer. The combination of solar and Powerwall provides a continuous power source during outages. V3’s services include solar and battery backup installation, monitoring and maintenance for customers.
“”We had an executed lease within 45 days,” Spain says. “The company wanted to move in a week after touring the spaceso that was the motivation to quickly negotiate a deal.”
NORTH TEXAS LEASES
V3 Electric Inc. has leased 10,130 sf of industrial flex space in Trinity West Park Building A, 2550 114th St., Grand Prairie, from William J. Owen Trust & CMO Investment Co. Michael W. Spain, executive vice president and managing partner of Bradford Commercial Real Estate Services, and Jim Ferris, vice president, represented the landlord. Brooke Ford of SVN Trinity Advisors/Matthew Group represented the tenant.
Covenant Christian Church has leased 3,398 sf of flex space in Avion Business Center, 2155 Chenault Dr., Carrollton, from Avion Business Center LLC. Jason Finch, first vice president of Bradford Commercial Real Estate Services, represented the landlord. Jaran Ramsey, an independent broker, represented the tenant.
Mid-Cities Office Systems Inc. has leased 3,880 sf of office/warehouse space in Airport Business Park, 1107 S. Airport Circle, Euless, from LCG Airport Circle LLC. Jim Ferris, vice president of Bradford Commercial Real Estate Services, represented the tenant. George Jennings and Trey Goodspeed of Holt Lunsford Commercial represented the landlord.
Pho V Noodle House has renewed 3,530 sf of retail space in Harwood Shopping Center, 3504 Harwood Dr., Bedford. Jason Finch, first vice president of Bradford Commercial Real Estate Services, represented the landlord, Moose Texas Holdings LLC, in the direct deal.
Kidventure Inc. has leased 3,150 sf of flex space in Greystone Office Park, 3330 Keller Springs Rd., Carrollton, from Houillian Family LP. Jared Laake, vice president of Bradford Commercial Real Estate Services, represented the tenant. Alan A. Clark of JSC Realty Services Inc. represented the landlord.
Alternate Systems LLC has renewed 2,927 sf of office space at 17440 N. Dallas Parkway, Dallas. Jared Laake, vice president of Bradford Commercial Real Estate Services, represented the tenant. Denise Rachal of Trinity Interests represented the landlord, Overmore LLC.
Swagelok North Texas has renewed 2,500 sf of industrial flex space at 440 N. Eastman Rd., Longview. Jason Finch, first vice president of Bradford Commercial Real Estate Services, represented the landlord, CRT Longview Properties 2 LLC, in the direct deal.
Countdown Couriers has leased 1,946 sf of flex space in Avion Business Center, 2155 Chenault Dr., Carrollton, from Avion Business Center LLC. Jason Finch, first vice president of Bradford Commercial Real Estate Services, represented the landlord. Colleen McDermott of Duggar Realty Advisors LLC represented the tenant.
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.
