(Read more on the industrial market.)

COPPELL, TX-Duke Realty Corp. has jump-started work on a 1.08-million-sf bulk warehouse after nailing a second mega-lease in a one-month period for its $200-million Point West development. Welton USA Ltd.'s plan to take 552,000 sf pulled the trigger on construction of Duke's second industrial building this year in the park.

The North Texas-based Welton began scouring the market for a consolidation site about one year ago, with Dallas-based NAI Robert Lynn's president and principal Mark Miller leading the charge. Welton currently leases about 500,000 sf from ProLogis at 9400 N. Royal Lane in Irving and subleases nearly 190,000 sf as overflow space in one of Duke's Freeport buildings along South Royal Lane.

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