Network Cabling Services Inc. has signed a seven-year lease to relocate and expand within Valwood Industrial Park in North Dallas.
The company has leased 9,573 sf in Counter Point at Valwood, Building 2, at 1544 Valwood Parkway in Carrollton. Construction is underway to transition about one-third of the just-leased office flex space to warehouse use.
“The cost of construction is causing an uptick in longer-term leases even for smaller spaces. The extra commitment helps to mitigate higher prices for materials and labor,” says Brian Pafford, executive vice president and managing partner of Dallas-based Bradford Commercial Real Estate Services. He represents the local landlord, Valwood Parkway Partners Ltd., an affiliate of Hay & Jones Inc., a longtime client.
Plans were already in the works to convert part of the all-office suite into warehouse space. “We felt that was the best opportunity to get it leased,” Pafford added.
It was fortuitous that the planned redesign was a near-perfect fit for Network Cabling’s needs. The 15 interior offices will be reduced to 12 to provide warehouse space with an overhead door. If work stays on track, the suite will be ready to occupy in July.
Lee Owen of Compass TE Texas LLC represented Houston-based Network Cabling Services. The company’s Dallas office currently is located less than a half-mile from Counter Point at Valwood.
“The market knows Counter Point’s owner will work with prospective tenants to find the best solution to get the deal done, even if it’s an out-of-the-ordinary measure,” Pafford says. ” We had two companies interested in this space.”
Network Cabling’s lease bumps occupancy to 90% in the two-building class B project, totaling 97,943 sf. The historically well-leased Counter Point at Valwood is located near President George Bush Turnpike and Interstates 35E and 635.
NORTH TEXAS LEASES
Apple Glass & Mirror has renewed 9,643 sf of industrial flex space at 2807 W. Euless Blvd., Euless. Jason Finch, first vice president of Bradford Commercial Real Estate Services, and Michael W. Spain, executive vice president and managing partner, represented the landlord, Euless Industrial Inc. Jeff Jackson of NAI Robert Lynn represented the tenant.
Network Cabling Services Inc. has leased 9,573 sf of office flex space in Counter Point at Valwood Building 2, 1544 Valwood Parkway, Carrollton, from Valwood Parkway Partners Ltd. Brian Pafford, executive vice president and managing partner of Bradford Commercial Real Estate Services, represented the landlord. Lee Owen of Compass TE Texas LLC represented the tenant.
Texas Lifts & Equipment LLC has leased 3,300 sf of industrial space in Raider Business Park, 3425 Raider Dr., Hurst, from Raider EAP LLC. Jason Finch, first vice president of Bradford Commercial Real Estate Services, and Michael W. Spain, executive vice president and managing partner, represented the landlord, in the direct deal.
The Voss Experience has leased 3,000 sf of retail space in Midkel Plaza, 16220 Midway Rd., Addison, from Zaytab Enterprises LLC. Leigh Richter, executive vice president of Bradford Commercial Real Estate Services, and Paul Richter, vice president, represented the landlord. Alyssa Mitchell of Monument Realty represented the tenant.
Monette Educational Equipment Inc. has renewed 2,938 sf of retail space in Midway Center, 14476 Midway Rd., Farmers Branch. Melanie Hughes, senior vice president of Bradford Commercial Real Estate Services, and Elizabeth Hooper, market director, represented the landlord, Kennington Midway Center LLC. Rich Young Jr. of Rich Young Co. represented the tenant.
Construction Brokers Inc. has leased 2,742 sf of office flex space at 624 Krona Dr., Plano, from 624 Krona LLC. Jared Laake, vice president of Bradford Commercial Real Estate Services, represented the tenant. Suzanne Dryden Jensen of Dryden Co. represented the landlord.
Alexander Otis Collection LLC has renewed 2,696 sf of retail space in Alpha Plaza, 4887 Alpha Rd., Farmers Branch. Melanie Hughes and Erik Blais, senior vice presidents of Bradford Commercial Real Estate Services, represented the landlord, Kennington Alpha Plaza LLC.
Tree of Life Health Enterprises LLC and Tucker & Associates LLC have leased 2,212 sf and 552 sf of office space, respectively, at 7515 Greenville Ave., Dallas, from 7515 Greenville Properties Ltd. Jared Laake, vice president of Bradford Commercial Real Estate Services, and Erik Blais, senior vice president, represented the landlord in the direct deals.
CTS Metrolina Restoration LLC has leased 1,890 sf of flex space in Switzer Business Park, 10840 Switzer Ave., Dallas, from 9100 JCF LLC. Jason Finch, first vice president of Bradford Commercial Real Estate Services, and Mark Ready, broker associate, represented the landlord in the direct deal.
Patricia R. Aldape has renewed 1,339 sf of office space in Arlington Downs Tower, 2225 E. Randol Mill Rd., Arlington. Erik Blais, senior vice president of Bradford Commercial Real Estate Services, and Richmond Collinsworth, senior vice president and managing partner, represented the landlord, Arlington Downs Tower, 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.
