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Industrial Leases Close Off 128,500 SF

DALLAS-The breakdown is 37,995 sf in direct leases and 90,497 sf in renewals. The largest renewal, 44,712 sf, goes to an Arlington building in the Great Southwest Industrial Park and the largest direct deal, 14,377 sf, is signed for Quad Center in Las Colinas.

By Connie Gore | Updated on November 01, 2002

DALLAS-Brokers in charge of the Dallas-Fort Worth industrial market have closed 37,995 sf in direct leases and another 90,497 sf in renewals.

Cushman & Wakefield of Texas, in its Q3 industrial analysis, put vacancy and net absorption well behind the numbers of a year ago so the combined 128,500 sf of newly cut deals are a welcome sign. Net absorption, said the research team, was trailing by a million sf while 12.8% overall vacancy reflected practically a three-point climb.

The lead deal on the renewal side is 44,712 sf at 109th Street in the Arlington section of the Great Southwest Industrial Park. A&A Box Co. re-upped for five years to hold onto the keys to a building owned by Greenbriar Holdings of Dallas. Dan Lawson of Proterra Properties Inc. in Dallas single-handedly brokered the renewal with the 10-year tenant.

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