Search
 

ThermoTek Inks Five-Year Lease

FLOWER MOUND, TX-The local company will move its headquarters and R&D teams into 26,000 sf at Champion Partners' Corporate Ridge.

By Connie Gore | Updated on March 06, 2008

FLOWER MOUND, TX-ThermoTek Inc., readying the stage for expansion, will relocate immediately after Easter to 26,000 sf at Corporate Ridge, Champion Partners’ 477,500-sf spec stake in the city’s 1,500-acre Lakeside Business District. A five-year lease is backing the move.

Tony Quisenberry, ThermoTek’s founder and president, tells GlobeSt.com that the plan is to be up and running by April 1 in the 44,030-sf building 2 at 1200 Lakeside Pkwy. He says ThermoTek’s relocation gains 10,000 sf of extra operating room for the team, which is vacating a 12-year location at 1454 Halsey Way in Carrollton as leases expire in two neighboring buildings. In addition, a research and development project has wrapped up at Texas Tech in Lubbock so that site too will go dark.

Quisenberry says the Corporate Ridge space is being outfitted with 7,000 sf of office, 4,000 sf for R&D and the balance dedicated to product assembly. And, he says the deal includes an option for additional space if needed. ThermoTek, which started 15 years ago in Quisenberry’s garage, provides temperature-controlled components for medical devices like X-ray machines and laser equipment. He says the company’s 2008 business plan calls for the addition of lines for cosmetic surgery, dermatology and wood, healing and recovery devices.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.