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Wistron Signs Seven-Year Expansion Lease

GRAPEVINE, TX-DCT Industrial heads off a sublease situation by terminating a lease and working out a new deal with a 50,060-sf tenant who needed the extra 63,129 sf.

By Connie Gore | Updated on January 14, 2008

GRAPEVINE, TX-After searching the metroplex for an expansion site, Wistron InfoComm Corp. has renewed a 50,060-sf lease two years early and picked up 63,129 sf of additional space that was destined for the sublease market. In the end, a seven-year lease with one bump sealed the deal.

The reworked lease keeps the 252,776-sf office/warehouse at 40151 Freeport Pkwy. at 100% occupancy for Denver-based DCT Industrial. “What we were able to offer was contiguous to their other space,” says Blake Kendrick, associate for Dallas-based Stream Realty Partners LP. He tells GlobeSt.com that Wistron will be moving into space that zipper manufacturer, YKK Group of Japan, was about to put on the sublease market. DCT Industrial stepped in and terminated the lease to strike a seven-year deal with Winstron.

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