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SOUTHAVEN, MS-Stylecraft Home Collection is expanding its presence by leasing 251,053 sf in DeSoto Trade Center building 3, one of two spec structures that delivered last year. The tenant will move in on or around May 1 from a headquarters location in Hernando.

According to T. Preston Herold, vice president for Fort Worth-based Hillwood Investment Properties, Stylecraft wanted to relocate to a state-of-the-art, clear-height building, which prompted the long-term lease for the 552,106-sf spec at 4325 Executive Dr. He says other tenants are looking at the remaining space, but no letters of intent or contracts have been signed.

Preston tells GlobeSt.com that the asking rate is $2.95 per sf, triple net, with $3 per sf in tenant-improvement allowance. "They had a few more in TIs than the normal tenant would," he says about the Stylecraft deal.