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Alpha Insulation & Waterproofing Renews Lease At Creekview 121 In Lewisville

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LEASED

Texas

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Industrial25,445 SF
Leased 06/17/2024
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LEASED

Alpha Insulation & Waterproofing Renews Lease At Creekview 121 In Lewisville

301 Leora Lane

See Similar Deals
Industrial25,445 SF
Leased 06/17/2024
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:25,445 SF
Transaction Type:Lease

The industrial property at 301 Leora Lane in Lewisville has been leased by Alpha Insulation & Waterproofing Inc, securing a long-term early renewal for 25,445 square feet of class A industrial space. The property, located in Building 4 at Creekview 121 in Denton County, is part of a 10-building complex developed by EastGroup Properties LP.

Summary of transaction details:

Joe Santaularia from Bradford Commercial Real Estate Services, representing the tenant, highlighted the strategic advantages of Creekview 121 in Denton County during the leasing process. The early renewal ensures the company's continued operations at its North Texas distribution center, emphasizing the importance of meticulous planning in the competitive industrial market.

Players

Joe Santaularia
9 deals(972) 337-9336
BROKER

Eric Crutchfield
5 deals
BROKER

Bob Hagewood
Stream Realty Partners⁠
4 deals
BROKER

Details

LEASED
IMAGE: Bob Hagewood, Eric Crutchfield & Joe Santaularia DATE: 06/17/2024 ADDRESS: 301 Leora Lane MARKET: Lewisville ASSET TYPE: Industrial ~ SF: 25,445 LANDLORD: EastGroup Properties LP TENANT: Alpha Insulation & Waterproofing Inc LANDLORD'S REP: Bob Hagewood & Eric Crutchfield - Stream Realty Partners⁠ (@StreamRealtyPartners) TENANT'S REP: Joe Santaularia - Bradford Commercial Real Estate Services (@BradfordCompanies) NOTE: Alpha Insulation & Waterproofing Inc. has secured a long-term early renewal for 25,445 square feet of class A industrial space at Creekview 121 in Denton County. Located in Lewisville at Building 4, 301 Leora Lane, the lease ensures the company's continuity in its North Texas distribution center within the 10-building complex developed by EastGroup Properties LP. Tenant representative Joe Santaularia from Bradford Commercial Real Estate Services emphasized the importance of early planning in the competitive industrial market, highlighting Creekview 121's strategic advantages over other potential locations considered during the process. ⁠

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Deal Type
Effective Rent (Annual)

$1,458,492.05

Total Lease Value

$14,584,920.45

Net Landlord Cash Flow$1,458,492.05