Mapletree Secures HQ Lease for Dallas-Area Property
The tenant tripled the size of its headquarters with the relocation.
Inside 14325 Gillis Road. Image courtesy of Tactical Fleet
Tactical Fleet, a subsidiary of Sonic Automotive Inc., has finalized its headquarters move within the Dallas-Fort Worth metro. The car dealership relocated to a 229,800-square-foot industrial building in the Dallas suburb of Farmers Branch, owned by Mapletree US Management, CommercialEdge data shows. The new 100,000-square-foot space at 14325 Gillis Road in Suite 100 triples the size of the former location in Addison, Texas.
The new headquarters includes a 70,000-square-foot area housing the car inventory as well as 30,000 square feet of mixed-use space. The latter encompasses a private customer lounge, a sales section, a paint protection film or wrap shop and detail bays along with a mezzanine floor with offices and a balcony.
The multi-tenant building is easily accessible, less than 2 miles from Interstate 635 and the Dallas North Tollway and roughly 5 miles away from Interstate 35E. Downtown Dallas is 13 miles south, while Dallas Love Field Airport is 10 miles away.
Dallas’ thriving industrial sector
As of May, the average industrial vacancy rate in the Metroplex remained at 4.0 percent, same as the previous month, but 70 basis points below the national average, according to CommercialEdge. In April, Hillwood secured a full-building tenant for its upcoming 2 million-square-foot industrial park in Cedar Hill. The 1.1 million-square-foot manufacturing center at High Point 67 Logistics Center will be the fifth box factory in Texas for Pratt Industries Inc.
The metro also had a robust construction pipeline. Nearly 58.7 million square feet of industrial space was underway, representing 7.0 percent of the total inventory, with an additional 11.3 percent of the overall stock in the planning and permitting stages.
In June, Stream Realty Partners kicked off construction of 20 East, a two-phase development totaling 3.4 million square feet in Mesquite. The three-building initial phase will include a rear-load structure and two warehouses with a cross-dock configuration.
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