Friday, September 19, 2014

Developer confirms Dr Pepper’s big West Dallas warehouse lease

Dr Pepper Snapple's new distribution building is under construction in the Pinnacle Park project.(Steve Brown)
The developer of a new West Dallas industrial complex has confirmed that it’s already leased the first, large building.
Chicago-based First Industrial Realty Trust said today that its signed a long-term leased for the 377,000-square-foot First Pinnacle building going up on Cockrell Hill Road south of Interstate 30.
First Industrial said the building is rented to “a leading company in the food and beverage industry.”
Yesterday, I reported that the building is being leased to Dr Pepper Snapple Group.
The warehouse will be ready early next year.
“Our site was well-suited for our customer’s requirements for a single-tenant facility with a secure truck court offering efficient highway access,” David Harker, First Industrial’s executive vice president, said in a statement. “We are pleased to earn their business and help serve their supply chain needs.”
Seth Kelly of CBRE Group negotiated the big industrial lease with Terry Darrow and Nathan Orbin of JLL