DALLAS — ING Clarion Partners (ING Clarion) and Hillwood Investment Properties (Hillwood) announced today that they have leased a combined 2,235,948 square feet in recent months at four properties in the Dallas-Fort Worth area: Skyline Business Park in Mesquite, TX, 3737 Miller Road in Garland, TX, Lakeside Trade Center in Flower Mound, TX, and Trade Point Business Park in Coppell, TX.
“Hillwood’s relationship with ING Clarion, the brokerage community, and our tenants allowed for the success we enjoyed this past year,” said Toby Rogers, vice president for Hillwood Investment Properties. “We are especially proud to welcome our new clients and appreciate our existing tenants choosing to work with us and remain with us as valued customers.”
Hillwood is pursuing Leadership in Energy & Environmental Design (LEED®) Gold Certification for commercial interiors on Building Five at Lakeside Trade Center, the new home to Nature’s Best, the largest privately owned, wholesaler-distributor of health and natural food products in the natural products industry. This 308,200 square foot deal was consummated at Lakeside Trade Center, Building Five in Flower Mound, Texas. Nature’s Best was represented by Mark Collins and Kirk Collins of Cushman & Wakefield of Dallas.
Another notable deal for 2010 involved relocating three tenants (Mohawk, T&L Holdings, and BFS) from Tradepoint Business Park to Lakeside Trade Center to accommodate Uline, Inc.’s 600,000 square foot requirement in Coppell. The deal totaled 998,000 sf in leases. Uline, Inc. is a distributor of shipping, industrial and packaging materials to businesses throughout North America and was represented by Dave Anderson, executive vice president for CB Richard Ellis. Jim Brice, Partner at Holt Lunsford Commercial, represented the landlord at Tradepoint Business Park.
“We definitely saw a pick-up in leasing activity toward the end of year, thanks to an improving economy and the fact we had top properties available for lease as businesses decide the time is right to make space commitments,” said Jeanna Camp, senior vice president for ING Clarion.
At Lakeside Trade Center in Flower Mound, Mohawk Carpet leased 258,372 square feet in Building Four and was represented by Tom McCarthy, managing director for Jones Lang LaSalle Americas; T&L Holding Corporation leased 70,100 square feet in Building One and was represented by Tyson Erwin, executive vice President for NAI Robert Lynn; and BFS Services leased 70,000 square feet in Building One and was represented by Jeff Boykin, president of Boykin Partners. Mark Miller and Chad Albert of NAI Robert Lynn represented the landlord at Lakeside Trade Center.
At Skyline Business Park in Mesquite, 457,076 square feet was leased to Hayes Retail Services in Building One. Hayes Retail Services offers services in logistics, warehouse distribution, freight consolidation and fulfillment, international sourcing services and custom powder coating. Jake Marks and John Hendricks of CB Richard Ellis represented the landlord on this transaction.
Shippers Warehouse Inc., a provider of asset-based third-party logistics services, leased 472,200 square feet at 3737 Miller Road in Garland. Trip Leon, Al Leon, and Larry Leon of Logistics Realty represented Shippers Warehouse Inc. Michael Grant and Ryan Wolcott of TIG Real Estate Services represented the landlord.
About ING Clarion Partners
Founded in 1982, ING Clarion Partners and its affiliates manage $39 billion in real estate assets in both the private and the public equity sectors. ING Clarion is the Americas arm of ING Real Estate Investment Management, one of the world’s leading real estate investment managers with global assets under management of more than $ 89 billion and operations in 21 countries. More information about the firm is available at www.ingclarion.com.
Hillwood, a Perot company, is ranked as one of the top commercial real estate investors and developers in the country and the top residential developer in Dallas-Fort Worth. The company’s developments currently house facilities for 65 companies listed on the Fortune 500, Global 500 or Forbes List of Top Private firms. Hillwood is best known for its Alliance brand that includes the 17,000-acre AllianceTexas, 4,474-acre AllianceFlorida at Cecil Commerce Center and 2,000-acre AllianceCalifornia. For additional information about the company, please visit www.hillwood.com.