Joining the tenant mix will be Tulsa-based QuikTrip Corp., which took 52,475 sf, and Australian-based Macquarie Group, which roped off 39,700 sf in the 137,000-sf warehouse at 1075 S. Belt Line Rd. QuikTrip will open a regional operations center, including a bakery, in August while Macquarie is turning on its lights at the end of this month, Al Sorrels, vice president of City of Industry, CA-based Majestic Realty, tells GlobeSt.com.
Sorrels says QuikTrip's finish-out will have 8,000 sf of office and a high-end bakery to supply locations in Dallas/Fort Worth with fresh-baked goods and deli food. "It's a good improvement for the building," he says. Representing QuikTrip was Michael Peinado, vice president of Dallas-based Lincoln Property Co.
Macquarie's build-out will have 9,000 sf of office and a highly technical production area for its IT operation, according to Sorrels. The company, as a result of a buyout, is relocating a division from 10,000 sf in Richardson, TX, he says.
Last month, Mobile Attic Inc. of Elba, AL leased 22,000 sf in the park's 153,000-sf warehouse at 1025 S. Belt Line Rd. Michael Haggar, associate with Stream Realty Partners LP of Dallas, was its tenant rep.
Majestic Park West is a joint venture development with Northwestern Mutual Life Insurance Co. of Milwaukee, which had been marketing the flex office space for $5.25 per sf triple net plus $9 per sf for the tenant-improvement allowance. The JV also is nearing completion on the 1.35-million-sf first phase for the 2.8-million-sf Majestic Airport Center DFW near the intersection of Texas 121 and Interstate 35E in nearby Lewisville.
In Plano, Graphic Converting Inc. of Elmhurst, IL moved in last month to 70,500 sf in Summit Technology Center, a two-building project totaling 281,500 sf at 3101 Summit Ave. The lease pushed occupancy to 85% in the 140,500-sf building. The space is marketed at $3.75 per sf triple net. The tenant's brokers were Susan Singer, senior vice president and managing partner, and George Tanghongs, vice president, with Dallas-based Bradford Cos.
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