(Read more on the industrial market.)

FLOWER MOUND, TX-Granite Properties, zeroing in on a market gap for small distribution spaces, is adding two more buildings in its 43-acre Lakeside Commerce Center. The 152,000 sf of niche space will come on line in April 2008.

“We feel this type of tenant is underserved in this market. We feel like we can get a little niche,” Jeff Jackson, industrial leasing manager of the Dallas-based development company, tells GlobeSt.com. Granite already has 200,000 sf of distribution space on the ground in Lakeside Commerce Center, but like its neighbors it's all aimed at large users. The new product will have distribution spaces as small as 5,600 sf in building A at 1500 Lakeside Pkwy. and 15,000 sf in building D at 1600 Lakeside Pkwy.

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