OakRidge Business Center Inks Five Deals

Grand Prairie, TX — February 3, 2014 — Lee & Associates, a leading national commercial real estate provider with regional expertise, has arranged the lease of five industrial properties in OakRidge Business Center located in Grand Prairie, Texas.

            Mark Graybill, CCIM, principal, of Lee & Associates Dallas/Fort Worth represented the landlord, IndCor Properties, on the lease of the five spaces in this development, consisting the renewal and expansion of Lennox Industries lease of 9,674 square-feet at 1201 WN Carrier Parkway. New leases include Elegant Accents 6,000 square foot flex space located at 1201 WN Carrier Parkway, Easy Sale in 5,000 square-feet and Veteran Garage Door in 2,500 square-feet located at 1209 WN Carrier Parkway. Followed by, NAWF’s expansion of 14,400 square-feet at 1213 WN Carrier Parkway.

OakRidge Business Center has recently undergone remodeling with new construction, and make-ready suites.  These upgrades have contributed to a very busy winter for the development. The vacancy rate dropped from 17% down to 6%.

“2014 was a great year for businesses large and small,” said Mark Graybill, landlord representative and principal at Dallas/Fort Worth Lee & Associates. “It was like someone flipped a switch last year, as inquiries for smaller lease spaces increased.  Small space occupants and business owners once again returned to the marketplace in 2014, committing to long term leases.   Mom and Pop business are back and thriving, showing a sign of true organic economic growth in the economy.  As a result, well located, showroom style industrial products, like Oakridge Business Center, are performing very well.”