Phillip Burgess, president of Burgess Properties, represented property owner, Dallas-based Dean Foods, while Read Coughlin of Grubb & Ellis represented CranBarry.Lease rates for this deal were not available, but the average asking rent for industrial space in the area is about $7 per sf. The average asking rent for office space in the area is about $19 per sf. According to Spaulding & Slye Colliers's most recent statistics, the availability rate for industrial space in the area is 13%, while the rate for office space is 25%.
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