GARLAND, TX—Andersen Regional Manufacturing Inc. recently renewed its lease at Gateway East Distribution Center located at 3801 Regency Crest. The facility has been home to Andersen Windows' DFW distribution center for 16 years. In the renewal, Andersen re-leased the entire building, which consists of more than 223,000 square feet of industrial warehouse/distribution space.
Within Stream's Dallas industrial division, vice president Ryan Wolcott and managing director Matt Dornak brokered the lease on behalf of the landlord, Barings. Gary Collett with Cushman & Wakefield represented the tenant, Andersen Windows.
Wolcott says the location's access to vast labor forces within North Texas makes Garland a leader for manufacturers across the DFW metroplex. He says the facility and submarket will continue to promote Andersen's growth. Dornak concurs with that assessment.
"The Northeast Dallas-Garland-Mesquite submarket has access to one of the most diverse labor pools in Dallas/Fort Worth. Being able to attract blue collar labor to highly skilled labor makes it an ideal location for manufacturing companies," he tells GlobeSt.com. "Additionally, the area's access to I-635 and I-30 make it a perfect location for distribution, including e-commerce and final mile. The area is almost completely infill with limited land remaining. Being completely surrounded by rooftops and a dense population base makes the submarket a highly desirable location to do business. Businesses located in the area are able to efficiently and quickly serve the greater Dallas area, including far northeast and far east Dallas, which are two areas within the metroplex with some of the highest population growth."
Market vacancy has slowly increased since 2018, but as South Dallas leasing activity has begun to fill big-box properties, submarket rates have dropped below 12% for the first time since 2016, according to a first quarter report by JLL. Zume moved into a 1 million-square-foot speculative building last quarter while Home Depot and HD Supply took build-to-suit properties totaling nearly 2.4 million square feet, which added more than 3% to the existing inventory, says JLL.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
