Texas Two-Step Deal Seals Off 217,415 SF

DALLAS-A Trammell Crow Co. executive, wheeling and dealing with two existing tenants, has finessed a 217,415-sf, two-lease plan for properties at the Dallas-Fort Worth International Airport and the Grand Prairie section of the Great Southwest Industrial District.

Tom Dodge, vice president in the Fort Worth office of the Dallas-based brokerage firm, tells GlobeSt.com that the bottom line was “creating space and really accommodating tenants” in simultaneous plays that have been 10 months in the making. The game book put Valeo Climate Control Corp. into 113,600 sf at 1100 N. 27th Ave. on airport land in sync with an exit by North American ATK so it could double its distribution space by taking 103,815 sf at 1102 W. North Carrier in Grand Prairie. Clarion Partners of New York City is the building owner of both addresses, acquired in last fall’s $1.5-billion takeover of Crow Holdings Industrial Trust’s 22-city portfolio.

The Paris-headquartered Valeo, which has several locations in Dallas-Fort Worth, will open doors in June on the airport space as it lets go of the Grand Prairie location being backfilled by North American ATK, also planning to occupy in June. Dodge says “moving the tenant with no down time helped work out the economics of the deal.”