CORFAC News

Texas newcomer Volt Lighting has leased the 17,500-sf balance of a four-building project in Dallas' Brookhollow Industrial Park for its fourth distribution center in the U.S.

The comapny's southwest regional distribution center has been set up in Mockingbird Place Building 3, 420 W. Mockingbird Lane, backfilling a spot with just one month of down time for the leasing team. Brock Wilson, senior vice president and managing partner of Dallas-based Bradford Commercial Real Estate Services, represented the landlord while colleague Joe Santaularia, first vice president, handled the tenant side of the talks.

"Had the space been ready to go, it wouldn't have been vacant at all," Wilson says. "This project historically is 93% to 100% leased because of its location and well-kept condition." 

Wilson's history with the 151,200-sf class B project, situated close to Interstate 35E, dates back six years and two owners. Its current owner is NWP TX TT LLC, an institutional investment group. The new lease returns the asset to 100% occupancy.

"The Brookhollow submarket has been white hot for leasing," Wilson says, crediting the expansions of the nearby design and medical districts with its popularity.

Proximity to both districts is a boon for Mockingbird Place's new tenant – a factory-direct outdoor lighting supplier for commercial and residential markets. Volt Lighting has leased 50% of Building 3, a rear-load warehouse with six over-size dock-high doors and one drive-in ramp. 

Volt Lighting is headquartered in Lutz, Fla. It has distribution centers in Nevada, Pennsylvania, its homeport and now Texas. 

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.