{"id":1004460673,"date":"2020-07-03T04:59:42","date_gmt":"2020-07-03T12:59:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004460673"},"modified":"2020-07-03T04:59:42","modified_gmt":"2020-07-03T12:59:42","slug":"black-creek-inks-200-ksf-industrial-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/black-creek-inks-200-ksf-industrial-lease\/","title":{"rendered":"Black Creek Inks 200 KSF Industrial Lease"},"content":{"rendered":"<div id=\"attachment_1004460706\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/DFW-North-IV-1901-Lakeside-Parkway-Flower-Mound-Texas.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004460706\" data-attachment-id=\"1004460706\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/black-creek-inks-200-ksf-industrial-lease\/dfw-north-iv-1901-lakeside-parkway-flower-mound-texas\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/DFW-North-IV-1901-Lakeside-Parkway-Flower-Mound-Texas.jpg\" data-orig-size=\"450,322\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"DFW North IV, 1901 Lakeside Parkway, Flower Mound, Texas\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;DFW North IV. Image courtesy of Transwestern&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/DFW-North-IV-1901-Lakeside-Parkway-Flower-Mound-Texas.jpg?w=450\" class=\"wp-image-1004460706 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/DFW-North-IV-1901-Lakeside-Parkway-Flower-Mound-Texas.jpg\" alt=\"\" width=\"300\" height=\"215\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/DFW-North-IV-1901-Lakeside-Parkway-Flower-Mound-Texas.jpg 450w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/DFW-North-IV-1901-Lakeside-Parkway-Flower-Mound-Texas.jpg?resize=300,215 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004460706\" class=\"wp-caption-text\">DFW North IV. <em>Image courtesy of Transwestern<\/em><\/p><\/div>\n<p>Black Creek Group <a href=\"https:\/\/www.commercialsearch.com\/news\/black-creek-group-inks-450-ksf-inland-empire-lease\/\">has secured a tenant<\/a> to occupy DFW North IV, a new Dallas-Fort Worth-area industrial property, in its entirety. With the assistance of Transwestern Real Estate Services, Black Creek signed Teltech Group, a telecom asset management and logistics\/supply chain services company, to a 198,900-square-foot lease of the building in Flower Mound, Texas.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/sior-cre-market-confidence-slightly-higher\/\">SIOR: Market Confidence Slightly Higher<\/a><\/p>\n<hr>\n<p>Located on a 17-acre site at 1901 Lakeside Parkway, roughly 5 miles from Dallas Fort Worth International Airport, DFW North IV is a development project of Huntington Industrial Partners. The property was delivered in the fourth quarter of 2019 and changed ownership when Black Creek acquired the asset from Huntington in December 2019, according to Denton County records. Teltech, which presently has warehouses in the nearby towns of Farmers Branch and Coppell, will consolidate its operations at DFW North IV.<\/p>\n<p>Transwestern&#8217;s John Fulton&nbsp;and&nbsp;Brett Owens&nbsp;represented Black Creek in the lease transaction, while Tom Walrich and Connor Hunt of Lee &amp; Associates stood in for the tenant. In a prepared statement, Fulton noted that the Flower Mound market has seen impressive growth in recent years, and Teltech is well-positioned to benefit from this space and location.<\/p>\n<h2><strong>Demand in Dallas-Fort Worth <\/strong><\/h2>\n<p>In its first quarter 2020 report, Transwestern noted<em>, &#8220;While it will take some time for economic impacts of COVID-19 to ripple through to commercial real estate, the Dallas-Fort Worth industrial market\u2014backed by the region&#8217;s solid fundamentals\u2014is well-positioned to face whatever the months ahead may bring.&#8221;<\/em> What the months have brought is brisk leasing activity in the form of transactions both large and small. In May, FedEx inked a lease for 750,000 square feet at Trammell Crow Co.&#8217;s Cedardale Distribution Center in Dallas, with plans of bringing the facility online in November 2020. Amazon recently signed on for 250,000 square feet at Blue Star Land&#8217;s Star Business Park in Frisco. And just as the pandemic was taking hold, KAL Freight Inc. announced it had <a href=\"https:\/\/www.commercialsearch.com\/news\/logistics-tenant-brings-dallas-warehouse-near-full-occupancy\/\">committed to nearly 50,000 square feet<\/a> at 600 109th St., Mapletree US Management&#8217;s approximately 545,000-square-foot industrial property in Arlington.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Teltech Group will occupy the entire DFW North IV facility in Flower Mound, Texas, near Dallas Fort Worth International Airport.   <\/p>\n","protected":false},"author":969,"featured_media":1004460706,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1586,21743,21748,21742],"tags":[38162,34989,32762,32893,33313],"class_list":["post-1004460673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-deals","category-industrial","category-latest","tag-black-creek-group","tag-huntington-industrial-partners","tag-lee-associates","tag-trammell-crow-company","tag-transwestern"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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