Hayes Co. Leases 712900 Square Feet At 1285 Akron Way Forney With Landlord Hunt Southwest
LEASED
+ 1
Texas
See Similar DealsIndustrial712,900 SF
LEASED
Hayes Co. Leases 712900 Square Feet At 1285 Akron Way Forney With Landlord Hunt Southwest
1285 Akron Way, Forney, TX, 75126
See Similar DealsIndustrial712,900 SF
+ 1
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:712,900 SF
Transaction Type:Lease
The property involved in this transaction is a 712,900-square-foot industrial lease located at 1285 Akron Way, Forney, TX, 75126, in the Forney market. It is part of the Gateway East Trade Center, which occupies 44.9 acres and features 40-foot clear heights, four drive-in doors, 266 car parking spaces (expandable to 439), and 151 trailer parking spaces (expandable to 226). The single-tenant, cross-dock building was delivered earlier this year by Hunt Southwest.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not specified
- Address: 1285 Akron Way, Forney, TX, 75126
- Market: Forney
- Tenant: Hayes Co.
- Landlord: Hunt Southwest
- Tenant's Rep: Conrad Madsen III
- Landlord's Rep: Kurt Griffin-JLL
Conrad Madsen III and Greg Nelson from Paladin Partners represented the Kansas-based logistics firm Hayes Co. in the lease negotiations. On the landlord's side, Kurt Griffin, Nathan Orbin, and Stuart Smith from Cushman & Wakefield represented Hunt Southwest in this transaction.
Players
LANDLORD
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$40,862,997.81
Total Lease Value
$408,629,978.06
Net Landlord Cash Flow$40,862,997.81
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