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Communication Test Design Inc Signs Lease for 185k sf of Industrial Space in Texas

7/20/20

Communication Test Design Inc (CTDI) has agreed to a lease for 185.3k sf of industrial space in Flower Mound, TX. CTDI is a global, full-service engineering, repair and logistics company in the communications industry. Terms of the deal were not disclosed.

The space is within Lakeside Ranch 1001, a 634.6k sf building located at 1001 Lakeside Pkwy.With this deal, the facility is 100% leased with the balance of the space occupied by PPG Architectural Finishes.

According to Jeff Thornton, Duke Realty’s Regional SVP, this new in-fill bulk warehouse project provides state-of-the-art features designed for handling, storage and distribution efficiencies plus has direct access to Dallas-Fort Worth International Airport via SH 121 and convenient connections to I-635 and I-35. In addition, it provides last-mile connectivity to the residential growth northwest of Dallas.

In addition to its lease with CTDI, the Dallas office has signed renewals with several existing tenants. These leases include:

• 80.4k sf with Duro-Last at Trinity Mills 2940, 2940 Eisenhower Street in Carrollton
• 143k sf with Norwex at Freeport XIV, 800 W. Bethel Road in Coppell
• 159k sf with Essilor at Waters Ridge 501, 501 E Corporate Drive in Lewisville
• 525.6k sf with HD Supply at Lakeside Ranch 550, 550 Lakeside Parkway in Flower Mound;
• 626.1k sf with AS American at 801 East Wintergreen Road in Hutchins

The following brokers were involved in completing these transactions:

• CTDI: Ken Wesson with Lee & Associates, John Morrissey with Jackson Cross, and Craig Jones, Tom McCarthy and Fred Ragsdale with JLL, the listing agent for the property
• Duro-Last: Trace Elrod and Chris Mathis with Newmark Knight Frank
• Norwex: Brad Struck and Sharon Morrison with ESRP
• Essilor: Jean Russo with Cushman & Wakefield
• HD Supply: Allen Gump and Douglas Biggs with Colliers International
• American Standard: Melissa Holland, Chris Stout, TJ Hochanadel and Dan Santagata with JLL

Matt Hyman handled the negotiations of these leases on behalf of Duke Realty.






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