PROTO Park. Picture courtesy of M2G Ventures
A world aviation firm has signed a 23,040-square-foot lease at PROTO Park in Dallas. Pennybacker Capital bought the asset in 2020 from Denley Funding and Administration, CommercialEdge information reveals, and partnered with M2G Ventures in 2021 for the redevelopment of the asset. With this deal, the 250,108-square-foot repurposed industrial asset was delivered to 90 % occupancy.
CBRE Senior Vice President Ryan Buchanan negotiated on behalf of the tenant, whereas Stream Realty Companions Senior Vice President Sarah Ozanne and Vice President Lena Pierce represented the owner.
Situated at 3200 Irving Blvd., the asset consists of two, Class A cross-dock buildings that includes dock levelers, dock bumpers, a truck courtroom and 24-foot clear heights. The partnership remodeled the economic campus from a brick warehouse inbuilt 1960’s to a high-end industrial growth.
Located on a 9-acre lot throughout the Brookhollow submarket, PROTO Park is near Interstate 35 East, 3.4 miles from town’s Design District, 4 miles from Dallas Love Subject Airport and 6 miles from downtown Dallas.
Latest industrial leases within the Dallas space
There is just one, 25,078-square-foot house presently accessible for lease on the industrial property and firms that signed leasing offers lately embody names corresponding to Taxila Stone and Dynasty Spirits. The tenant roster additionally contains Morrison Provide Co., CommercialEdge information reveals.
Careismatic Manufacturers’ long-term lease at Ares Administration and Archway Properties’ 1 million-square-foot facility in Dallas marks one other current notable transaction within the space. The attire firm will use the constructing as a distribution middle.
Earlier this month, an architectural glass producer signed a 184,281-square-foot lease, totally occupying CoreOne Industrial’s constructing, a former Coca-Cola bottling manufacturing facility in Grand Prairie, Texas, additionally in metro Dallas.
