With plans to realign its distribution network, North Carolina-based Network Wireless Solutions LLC has renewed a 129,611-sf full-building lease in Valwood Industrial Park.
The company’s hub will undergo an extensive interior renovation to accommodate the change in its national distribution strategy. Curtis Kouba, executive vice president and managing director of Bradford Management Co. Inc. will oversee upgrades to Network Wireless’ facility at 2040 McKenzie Dr. in Carrollton.
“The office pod will be brought up to 21st century standards. It will have more of a corporate feel to go along with the decision to make Dallas the head distribution point in the country,” says Joe Santaularia, senior vice president and managing partner of Dallas-based Bradford Commercial Real Estate Services. He represented the tenant in the renewal talks.
Network Wireless Solutions’ shift in distribution to Dallas from Durham comes after just five years in North Texas. The company supplies equipment and support for the wireless telecommunications industry, including next-day deliveries, a service that can be more cost-effective and time-efficient from Dallas due to its central U.S. positioning.
The class B office/warehouse project offers easy access to Interstates 35 E and 635, the President George Bush Turnpike and two airports. The shallow-bay design features 13 docks and a secured truck court. The landlord, BREIT Industrial Canyon TX1M15LLC, was represented by Sara Ozanne and Mac Hall of Stream Realty Partners DFW LP.
It’s been a brisk market for renewals in the industrial and flex categories for several months, with Bradford closing three or more on a weekly basis. Santaularia credits that trend to the normalization of the industrial market after several years of leasing disruption and record-low vacancies, particularly for tenants needing 200,000 sf or less.
“We were able to get in front of the market with this renewal. It took time to negotiate,” Santaularia says, “but we got favorable economics compared to tenants who are facing steep increases in rental rates for industrial space because of current market conditions.”
NORTH TEXAS LEASES
Network Wireless Solutions LLC has renewed a 129,611-sf full-building lease at 2040 McKenzie Dr., Carrollton. Joe Santaularia, senior vice president and managing partner of Bradford Commercial Real Estate Services, represented the tenant. Sara Ozanne and Mac Hall of Stream Realty Partners DFW LP represented the landlord, BREIT Industrial Canyon TX1M15LLC.
Vizcarra Hospitality LLC has leased 6,065 sf of flex space in Kellway Business Center, 4260-4266 Kellway Circle, Addison, from Kennington Kellway 1 Ltd. Brian Pafford, executive vice president and managing partner of Bradford Commercial Real Estate Services, represented the landlord. Myndee Allen of Preeminent CRE Group represented the tenant.
Ecopro LLC has renewed 5,160 sf of office/warehouse space in Trinity West Business Park Building A, 2550 114th St., Grand Prairie. Jim Ferris, vice president of Bradford Commercial Real Estate Services, and Michael W. Spain, executive vice president and managing partner, represented the landlord, William J. Owen Trust & OMO Investment Co. JohnnyBegzos of Citadel Partners represented the tenant.
Act Fast Delivery of S.A. Inc. has renewed 4,770 sf of flex space in Highview Business Center, 1925-1939 Westridge Dr., Irving. Jim Ferris, vice president of Bradford Commercial Real Estate Services, represented the tenant. Barbara Brown of Advanced Facility Management represented the landlord.
Johnston-Maddox LLC has leased 4,700 sf of office/warehouse space in Tappan Circle, 1216 Tappan Circle, Carrollton, from CCG Valwood LP. Richmond Collinsworth, senior vice president and managing partner of Bradford Commercial Real Estate Services, represented the landlord. David Easterling of CBRE represented the tenant.
Advanced Vein & Vascular Associates has leased 2,314 sf of medical office space 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 deal.
Bradford Realty Services has renewed 1,341 sf of office space in First on 7th, 500 W. Seventh St., Fort Worth. Shane Benner, first vice president of Bradford Commercial Real Estate Services, represented the tenant. Stephanie Gwizda of Red Oak Realty represented the landlord, First on 7thLP.
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.
