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DALLAS-After nearly nine years in Houston, Walnut Creek, CA-based Central Garden & Pet Co. is shifting its regional distribution center to North Texas. The 10-year deal for 120,000 sf hangs a "no vacancy" sign on a 480,000-sf warehouse in Pinnacle Park.
"We were as aggressive as the rest of the market has been," says Craig Jones, executive vice president with locally based NAI Robert Lynn. The pet products' supplier will move in April 1 to 4038 Rock Quarry Rd., which was being marketed at $3.15 per sf, triple net. The new deal takes Denver-based DCT Industrial Trust Inc.'s 7.5-million-sf local portfolio to 96% occupancy.
"It's close to being an as-is deal," Jones says. He and Thomas Lynn, the firm's president of corporate services, bargained against Newmark Knight Frank director Nick Cangemi in the Melville-Long Island office in New York City, former principal Daniel Frankel in Woodbridge, NJ and Rebecca Griffin, managing principal, and Wilson Stafford, associate director, both in Dallas.
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