Celestica's tenant representative, Allen Gump, executive vice president for Colliers International Inc. in Dallas, can't confirm the lease length due to a confidentiality clause, but he did tell GlobeSt.com that Valwood 25 at 13755 Diplomat Dr. was the only one of 12 buildings under review "that really hit all the criteria." The Toronto-based tenant wanted a fully air-conditioned cross-dock building with heavy power, ample parking and a location along a bus line so employees have access to mass transit.

Gump says Valwood 25 is requiring some immediate and moderate tenant improvements to meet the move-in deadline, including an 11,000-sf office finish-out. Celestica needs to have Valwood 25 up and running before it can completely shut down an 85,000-sf operation at 1050 Venture Court in nearby Carrollton. Gump says Celestica has built in enough time to complete the relocation without extending its stay at an eight-year location.

The search included new and old cross-dock buildings in and Dallas/Fort Worth International Airport, Plano and Richardson. "We were looking for a specific type of building. We just got lucky and found the right building," Gump says, adding the tenant's must-haves would have been "brutally expensive" if retooling had been necessary. Celestica provides electronic manufacturing services, including design and post-sales repairs for giants like San Jose, CA-headquartered Cisco Systems Inc., Santa Clara, CA-based Sun Microsystems Inc. and IBM Corp. in New York City.