HOUSTON-FedEx has leased 146,792 square feet at Ellington Trade Center, a 50-acre industrial park developed by Dallas-based KDC.
FedEx, which signed a five-year lease, will use the new space for its Home Delivery group. More than 250 employees will move in on October 1.
KDC worked with FedEx for more than 18 months to nail down the deal, according to Randy Touchstone, vice president of KDC and director of the industrial program. As part of the lease, KDC agreed to fence the building and pave an additional one acre to provide more parking spaces.
“We have 18 extra acres near this building, and if we can use the land to help make a deal, we’re going to do that,” Touchstone tells GlobeSt.
John Ferruzzo, Griff Bandy and Jon Michael of NAIHouston represent KDC on the leasing of Ellington Trade Center. Kirk Bittel with Fischer & Company represented FedEx.
Located at 12554 Highway 3 across from Ellington Field in southeast Houston, Ellington Trade Center consists of three buildings totaling 513,800 square feet. With the FedEx lease, the project is 40% occupied.
“Despite the tough economy, we’ve been able to consistently fill the space and garner interest in the remaining 300,000 square feet,” Touchstone says.
In December 2009, KDC announced its first leases at the Ellington Trade Center: Goodman Distribution leased 25,300 square feet and the Houston Chronicle leased 15,300 square feet. This past January, both Lennox Industries and Jacobs Technology each leased 7,500 square feet at Ellington.
Ellington Trade Center is the first project to be developed under KDC and Harbert Management Corp.’s national industrial development program, which was launched in February 2008. It is being developed in two phases. Phase I was shell complete in July 2009. The phase II development can accommodate up to 320,000 square feet.
KDC and Harbert Management have a second location as part of the national industrial program, Northpointe Trade Center in Austin, TX. The three-building 450,015-square-foot development is KDC’s first LEED-certified industrial development project.
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