CORFAC News

Bradford Commercial Real Estate Services/CORFAC International in Dallas, Texas, has signed three new tenants and one renewal at separate locations in Kennington Commercial's DFW portfolio, filling 41,238 of updated flex space and achieving 100% occupancy at two projects.

Kennington's newly signed leases are:

▪ Bridgeway Preparatory Academy, leasing 19,200 sf in Valley View Commerce Center, 1861 Valley View Lane in Farmers Branch, Texas

▪ Eberl Claims Service LLC, renewing 13,776 sf in Skyway Corporate Center, 3109 Skyway Circle N in Irving, Texas

▪ Airway Technologies LLC, leasing 5,981 sf, in Alpha Business Center, 4300 Alpha Rd. in Farmers Branch, Texas

▪ Closet Envy, leasing 2,981 sf in Whitlock Business Center, 1325 Whitlock Lane in Carrollton, Texas 

"Kennington Commercial is willing to spend the money to upgrade its properties. These deals show the value of that strategy," said Brian Pafford, executive vice president and managing partner for Dallas-based Bradford. He and Susan Singer, also an EVP, lease the portfolio for the local landlord. 

Matt Miller of Jim Lake Advisors represented Bridgeway Preparatory Academy and Ryan Boozer of Stream Realty Partners DFW was the tenant rep for Eberl Claims Services. Airway Technologies' broker was Todd Noonan, also with Stream Realty, and Closet Envy's negotiator was Jodie Flannery of KW Commercial Real Estate.

"Brokers in the marketplace are confident in bringing deals to Kennington Commercial," Pafford said. "The landlord has a reputation for a personal approach and taking good care of its properties and tenants." The 43,280-sf Valley View Commerce Center and the four-building Alpha Business Center, totaling 50,031 sf, are now 100% leased. Both properties underwent significant exterior and interior improvements. 

"Alpha Business Center was completely vacant when we were awarded the assignment. It now has nine long-term tenants, which is quite an accomplishment," Pafford added. Kennington Commercial is putting its renovation strategy to work at its newest holding, the 52,431-sf Skyway Corporate Center, which was acquired in May 2020. Exterior upgrades are under way. On the interior, an 18,540-sf block of fully air-conditioned warehouse space has been retooled into an open floor plan, creating more functional space for the project's only vacancy. 

Bradford Commercial Real Estate Services/CORFAC International is a full-service real estate company based in Dallas with an annual transactions volume exceeding five million square feet. The company manages and leases more than 20 million square feet, valued at $300 million, in North Texas for its strategic partners.