Stylecraft Home Collection has leased 251,052 square feet for its new headquarters in Building 3 of Hillwood’s DeSoto Trade Center development in Southaven.Stylecraft, a provider of lamps, wall decor, accent furniture and home accessories, will employ 200 workers in the new distribution center. The lease occupies almost half of the new 552,106-square-foot Hillwood Building 3. Hillwood completed the speculative 301,053-square-foot Building 4 and the 865,120-square-foot build-to-suit for Kuehne and Nagel in 2006. Dan Wilkinson of Colliers Wilkinson & Snowden, Richard Burnette of the Burnette Company and T. Preston Herold of Hillwood represented Hillwood on the deal. Stylecraft was represented in-house by its chief financial officer Dan Shear. “Stylecraft is preparing for expansion,” said Charlie McCaffrey, president of Stylecraft Home Collection, in a statement. “The new DeSoto Trade Center location provides us with the space to grow, as well as easy access to our major transportation modes and a low-cost operating environment.” In total, Dallas-based Hillwood has developed six buildings and more than 4.1 million square feet at DeSoto Trade Center over four years. 450 acres of the industrial park remain available for additional development. “A locally based industry leading company, Stylecraft Home Collection is a great addition to the development,” said T. Preston Herold, vice president of Hillwood, in a statement. “Of the 1.7 million square feet that were completed at DeSoto Trade Center last year, more than 500,000 square feet of cross-dock or front-dock space is available for immediate occupancy.” DeSoto Trade Center, located in Foreign Trade Zone #262, is on the west side of Interstate 55 between Church Road and Star Landing Road.
News Article | 3/27/2007