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7/20/20
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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 Realtys 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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