Texas newcomer Volt Lighting leased the balance of 17,500 square feet of a four-building project in Dallas’ Brookhollow Industrial Park for its fourth distribution center in the United States
Volt Lighting’s southwest area distribution center was located in Building 3 at Mockingbird Place, 420 W. Mockingbird Lane, filling a spot with only one month of downtime for the rental team. Brock Wilson, senior vice president and managing partner of the Dallas-based company Bradford Commercial Real Estate Services, represented the owner while his colleague Joe Santaularia, first vice-president, took care of the tenant side of the talks.
“If the space had been ready to go, it wouldn’t have been vacant at all,” Wilson said. “Historically, this project is 93% to 100% leased due to its location and good maintenance. “
Wilson’s history with the 151,200 square foot Class B project, located off Interstate 35E, dates back six years and two owners. Its current owner is NWP TX TT LLC, an institutional investment group. The new lease reduces the asset to 100 percent occupancy.
“The Brookhollow submarket has been white-hot for rental,” Wilson said, attributing its popularity to expansions in nearby design and medicine districts.
The proximity of the two neighborhoods is a boon for the new tenant of Mockingbird Place, a factory-direct outdoor lighting supplier for the commercial and residential markets. Volt Lighting leased 50 percent of Building 3, a rear-load warehouse with six oversized dock-height doors and an access ramp.
Volt Lighting is headquartered in Lutz, Florida. It has distribution centers in Nevada, Pennsylvania, its home port and now in Texas.