Cintas Takes 350,150 SF in 130-Month Lease

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DESOTO, TX-Dealmakers can’t discuss the win, but GlobeSt.com has confirmed that Cincinnati-based Cintas Corp. has inked a 130-month lease for 350,150 sf of the 550,600-sf Crossroads Trade Center. The move-in will coincide with the $22.2-million distribution center’s completion in mid-March.

Cintas has put a gag order on the deal. Ryan Keiser, first vice president for CB Richard Ellis in Dallas, was the tenant rep while the developer, Hillwood Investment Properties, had NAI Robert Lynn’s executive vice president Craig Jones and president Thomas Lynn on its side of the bargaining table. With the lion’s share now leased at 1221 Centre Park Blvd., Hillwood is on track to start a second spec building in 2008 for the 113-acre development, which is designed to hold 1.85 million sf in three structures.