LEE & ASSOCIATES DFW NEGOTIATES A 220,000 SF LEASE TRANSACTION
DALLAS, Texas — November 16, 2009 — Lee & Associates, the fastest growing regional full service commercial real estate company in the country, completed a 220,000 square foot lease on behalf Prestige Ameritech at 7201 Iron Horse Boulevard, North Richland Hills, Texas.
Prestige Ameritech a United States Manufacturer of Surgical Masks signed a long term lease. In early 2010, Prestige will move from approximately 50,000 square feet of production and distribution space in multiple buildings in to their new address in North Richland Hills, TX.
On November 9, 2010, North Richland Hills City Council approved an economic incentive package for the company which will help to facilitate the transition into the larger facility. In return, Prestige has committed to bring some 400 jobs by 2015 in addition to occupying the building for 10 years.
7201 Iron Horse Boulevard was formerly occupied by Kimberly Clark who utilized the facility for manufacturing of medical products, but shuttered the building in 2003 when they moved their manufacturing operations to Mexico.
Mark Graybill and Donnie Rohde of Lee & Associates represented the Tenant, Prestige Ameritech; the Landlord was represented by Trey Fricke and Reid Bassinger also with Lee & Associates.
About Lee & Associates
Celebrating more than 30 years of leadership excellence in commercial real estate, Lee & Associates is one of the largest national commercial real estate providers with regional expertise. As a group of independently owned and operated companies, Lee & Associates currently has 38 offices located in California, Arizona, Idaho, Illinois, Michigan, Missouri, Nevada, New Jersey, Texas and Wisconsin. Lee & Associates’ clients enjoy a comprehensive range of specialized commercial real estate services including: industrial, office, multifamily and retail property sales and leasing; real estate investment consulting, property acquisition and disposition; tenant representation and relocation, land assemblage, site selection, mixed-use and urban in-fill, property and portfolio evaluation and market research. Additional information is available at www.lee-associates.com.
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Contact: Kallie Torr – ktorr@lee-associates.com
Lee & Associates - DFW
972-934-4000 Phone
972-934-4099 Fax