Add Logistics Leases to the Latest Deal List

Vista Industrial Park is a 2.5-million-square-foot facility.

AUSTIN, TX—Seemingly, there is not a commercial real estate property type that is not in the active category in the Metro. Along that vein, after an exhaustive search of logistics-worthy facilities, Daryl Flood Logistics has leased an entire building consisting of 104,146 square feet at 15833 Long Vista Dr. The logistics company leased the space located within the Vista Industrial Park in North Austin from Global Logistics Properties (GLP) , which owns numerous buildings in the park. The approximate 2.5-million-square-foot industrial park is near Interstate 35 and Grand Avenue Parkway. Centric Commercial/CORFAC International represented Daryl Flood Logistics in the transaction, according to principal Craig Couch. Russell Todd , principal, and Andrew Swanson , senior vice president, both with Centric Commercial/CORFAC International, along with Bob Berry from Avison Young were the broker representatives for Daryl Flood Logistics in the long-term lease. Financial terms were not released. Swanson tells GlobeSt.com: “The Austin facility is one of the larger properties that Daryl Flood Logistics occupies. We surveyed the market and considered a number of different options until it was determined that the Vista Park building had the right combination of size, location, building plan/tenant improvements and economics that were the best fit for its business.” Daryl Flood Logistics is headquartered in Coppell, TX, and maintains service and distribution facilities in Austin, Houston, El Paso, Lubbock, TX and Grand Prairie, TX, as well as in Shreveport, LA and Jacksonville, FL. The company provides retail, e-commerce, home and technology-oriented logistics, shipping and fulfillment services. Led by founder Couch in addition to Todd, Centric Commercial/CORFAC International covers a wide range of real estate services including strategic planning, site selection, lease negotiations, lease renewals, lease expansion, financial analysis, construction/project management, relocation support and property acquisitions/dispositions.