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He also has extensive reporting experience in the food manufacturing industry for national trade publications.","imageLarge":"http://images.globest.com/contrib/content/uploads/sites/313/2016/01/David-Phillips_avatar_1454093129-136x136.jpg","webUrl":"/author/profile/-/"}],"publication":"Globe Street","kicker":"","kickerNode":[],"prettyDate":"February 15, 2013","pubDate":"2013-02-15 15:37:00:000","modifiedDate":"","isDownload":"false","primaryCategory":{"channelName":"","sectionName":"","name":"","uri":"","slug":"","channelUri":""},"tags":[],"image":{"uri":"","width":"","height":"","alt":""},"embed1":"","embed2":"","summary":"IRVING, TX—Nautilus Hyosung America will add 75,000 sf plus, according to Jackson Shaw Real Estate.","categories":[{"name":"Dallas/Fort Worth","uri":"/markets/dallas-fort-worth/","channelName":"GlobeSt Market"},{"name":"","uri":"","channelName":"GlobeSt Market"},{"name":"","uri":"","channelName":"Globest Sectors"},{"name":"Industrial","uri":"/sectors/industrial/","channelName":"Globest Sectors"},{"name":"","uri":"/markets//","channelName":"GlobeSt Market"}],"bodyArray":["<p><span style=\"font-size: 12px\">IRVING, TX—Jackson-Shaw, a national, diversified commercial real estate development and investment company, announced today that Nautilus Hyosung America, an international manufacturer of ATMs and self-service equipment for the financial services industry, is adding 75,154 square feet to U.S. headquarters at Parc 114. The expansion more than doubles the company's size at this location, making Nautilus Hyosung the largest tenant in the development. Parc 114 is a joint partnership development of Jackson-Shaw and ORIX Capital Markets.</span></p>","<p> <span style=\"font-size: 12px\">“Nautilus Hyosung was one of the first tenants at Parc 114, and it's gratifying to see it thrive in this space,” said Jason Nunley, vice president of development for Jackson-Shaw. “Our proximity to D/FW International Airport, access to major national interstates and central location within the Metroplex all played a favorable role in the company's decision to expand at Parc 114. Nautilus' growth clearly demonstrates that Parc 114 offers all the amenities necessary for a company to be successful.”</span></p>","<p><span style=\"font-size: 12px\">In October 2010, Nautilus leased 61,890 square feet of office and warehouse space at Parc 114 in Irving, Texas to relocate and expand its U.S. headquarters. The site has also been used as a primary distribution point for Nautilus' ATMs and for light assembly. The addition of space brings the company's total occupancy at Parc 114 to 137,044 square feet, and brings the development's total occupancy to 88 percent.</span></p>","<div class=\"paywall-content\"><p><span style=\"font-size: 12px\">The new space will house a call center and a training center. Additionally, the expanded warehouse space will be used for inventory storage. The company will occupy its new space in Spring 2013.</span></p>","<p><span style=\"font-size: 12px\">According to Nautilus Hyosung's broker on the transaction, Kurt North, president of North Pointe Commercial Realty, the global technology company is expanding its U.S. headquarters in response to increased demand for its financial self-service and branch transformation solutions. Nautilus Hyosung is also expanding and consolidating its North American call center operation and training center into its space at Parc 114.</span> </p>","<p><span style=\"font-size: 12px\">Blake Kendrick, managing director for Stream Realty and broker representative for Parc 114, says the D/FW International Airport submarket remains a highly competitive area for corporate expansion and relocation opportunities because of its attractive location. Nautilus Hyosung's expansion reinforces the strength of this submarket.</span></p>","<p><span style=\"font-size: 12px\">“Commercial real estate demand across the Metroplex is good and inventory is tight,” Kendrick said. “In particular, the D/FW International Airport and South Dallas County submarkets are leading the region's real estate recovery. The airport submarket has five to six new buildings under construction, which speaks to the rapid growth taking place.”</span></p>","<p><span style=\"font-size: 12px\">Situated on land bordering D/FW International Airport in Irving, Parc 114 is a multi-phased, industrial development that will ultimately consist of seven buildings containing nearly 600,000 square feet of space. In addition to Nautilus Hyosung, the development has an impressive mix of tenants such as the U.S. General Services Administration (GSA), Chrysler Group, LLC, Nissan North America, Walgreens and Schindler Elevator.</span></p>","<p><span style=\"font-size: 12px\">GSR Andrade served as the project architect, and the development was built by MYCON General Contractors. Parc 114 is exclusively represented for leasing by Chris Jackson, Blake Kendrick and Jeremy Kelly of Stream Realty.</span></p>","<p></div>"],"slides":[],"video":null},"articlePackages":[],"youmightlike":[{"uri":"/2024/10/21/seeking-net-leases-top-professionals/","title":"Calling all Net Lease Influencers","byline":"Ingrid Tunberg","prettyDate":"October 21, 2024","readtime":"2","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2023/03/Net-Lease.gif","width":"616","height":"372"},"summary":"Submit a nominee for GlobeSt.'s 2025 Influencers in Net Lease recognition before the deadline on January 8th!"},{"uri":"/2024/08/27/truamerica-multifamily-pays-50m-for-texas-apartment-complex/","title":"TruAmerica Multifamily Pays $50M for Texas Apartment Complex","byline":"Anthony Russo","prettyDate":"August 27, 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