{"id":1004368283,"date":"2019-11-14T03:06:26","date_gmt":"2019-11-14T11:06:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004368283"},"modified":"2019-12-03T02:43:13","modified_gmt":"2019-12-03T10:43:13","slug":"benjamin-moores-expansion-in-dallas-forth-worth","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/benjamin-moores-expansion-in-dallas-forth-worth\/","title":{"rendered":"Benjamin Moore\u2019s Expansion in Dallas-Forth Worth"},"content":{"rendered":"
\"\"<\/a>

Image via Pixabay.com<\/em><\/p><\/div>\n

Paint and coatings powerhouse Benjamin Moore has expanded its operations in metro Dallas-Fort Worth<\/a> by leasing a 238,000-square-foot regional distribution center in Lewisville, Texas. Cushman & Wakefield represented Benjamin Moore in the transaction.<\/p>\n

The building is at 2525 E. State Highway 121, in the Far North\/I-35 submarket. Benjamin Moore\u2019s growth in the region prompted the company to move distribution out of a 70,000-square-foot property in Mesquite, about 40 minutes away. The Mesquite location will continue to serve as a manufacturing facility.<\/p>\n

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READ ALSO<\/strong>: Industrial Investors Shift Strategies: Report<\/a><\/p>\n

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Benjamin Moore considered several Dallas-area cities before selecting Lewisville, Mark Collins, managing director at Cushman & Wakefield, said in a prepared statement. He and colleagues Dean Collins and Bill Brown represented Benjamin Moore in its search. The lease is a long-term deal, Mark Collins added, and the distribution center is strategically located on the north side of East State Highway 121, in a fast-growing area of Lewisville that includes multiple distribution centers. The property is directly across the Sam Rayburn Tollway from the Castle Hills development and a short drive from Plano\u2019s Grandscape and Legacy West.<\/p>\n

Along with industrial properties, the Dallas suburbs are attracting a surge of mixed-use and residential developments, such as Castle Hills. In June, Commercial Property Executive<\/em> spoke with Eric Stanley of Bright Realty<\/a> about the area’s 324-acre live\/work\/play project.<\/p>\n

Texas-sized industrial growth<\/h2>\n

The Metroplex\u2019s industrial property market has shown strong momentum this year, with a record 30 million-plus square feet of space under construction, according to a third-quarter report from Cushman & Wakefield. Even so, vacancies have tightened as absorption outpaces deliveries, and build-to-suits comprise nearly half of 2019 completions.<\/p>\n

The Far North\/I-35 submarket has an overall vacancy of 3.8 percent on an inventory of 21 million square feet. Year-to-date absorption there has been 171,700 square feet, versus 80,000 square feet delivered this year and 484,800 square feet under construction, again per Cushman & Wakefield.<\/p>\n","protected":false},"excerpt":{"rendered":"

The lease of a 238,000-square-foot facility in Lewisville, Texas, more than doubles the paint manufacturer\u2019s presence in the metro.<\/p>\n","protected":false},"author":882,"featured_media":1004368292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1586,21743,21808,21748,21742],"tags":[36340,32799,46109,40752],"class_list":["post-1004368283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-deals","category-featured","category-industrial","category-latest","tag-benjamin-moore","tag-cushman-wakefield","tag-eric-stanley","tag-mark-collins"],"acf":[],"yoast_head":"\nBenjamin Moore\u2019s Expansion in Dallas-Forth Worth - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/benjamin-moores-expansion-in-dallas-forth-worth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benjamin Moore\u2019s Expansion in Dallas-Forth Worth\" \/>\n<meta property=\"og:description\" content=\"The lease of a 238,000-square-foot facility in Lewisville, Texas, more than doubles the paint manufacturer\u2019s presence in the metro.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/benjamin-moores-expansion-in-dallas-forth-worth\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-14T11:06:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-03T10:43:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/industrial-news-06.-Image-via-Pixabay.com_.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/benjamin-moores-expansion-in-dallas-forth-worth\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/benjamin-moores-expansion-in-dallas-forth-worth\/\",\"name\":\"Benjamin Moore\u2019s Expansion in Dallas-Forth Worth - 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