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Menlo Leases 155,172 SF, Takes Dibs on More

COPPELL, TX-The third-party logistics provider is readying for its move to the 228,210-sf Freeport VI, guaranteeing its room to expand with a one-year option for the balance.

By Connie Gore | Updated on August 14, 2008

COPPELL, TX-After six months of wrestling with space needs, Menlo Worldwide Logistics has tapped 155,172 sf of the 228,210-sf Freeport VI in Duke Realty Corp.’s Freeport North Industrial Park. The balance of the distribution center is locked down with a one-year expansion option.

Menlo, a San Mateo, CA-based subsidiary of publicly traded Con-Way Inc., is prepping for the move now to 601 S. Royal Lane from 100,000 sf at 1110 Executive Dr., about three miles to the northwest. “They just outgrew that building,” says Jeff D. Thornton, senior vice president and head of the Indianapolis-based Duke’s Dallas/Fort Worth operations.

Thornton tells GlobeSt.com that Menlo’s lease is pushing a five-year term, with Menlo stepping up to backfill second-generation space that went dark at the beginning of this year. “They can grow within that building with us, up to 228,210 sf in the near term. In the long term, because we own six million sf in that submarket, they have the ability to go beyond 228,000 sf,” he stresses.

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