AllTerra Central Renews And Expands Lease For 22,413 Square Feet At 545 Commerce Street Southlake
545 Commerce Street
Building Size
22,413 SF
Asset Type
Industrial
Closing
Apr 30, 2026
AI
The industrial asset located at 545 Commerce Street in Southlake features a total square footage of 22,413. The building, constructed in 1996, is now fully occupied following the lease renewal and expansion by AllTerra Central.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 545 Commerce Street
- Market: Southlake
- Landlord: Craig A. Spencer - Arden Group
- Tenant: AllTerra Central
- Landlord's Representative: Jon Skidmore, Andrew Gilbert & Keaton Brice - Holt Lunsford Commercial
- Tenant's Representative: Travis Smith - JLL
The deal highlights the collaborative efforts of multiple representatives. JLL, led by Travis Smith, acted on behalf of the tenant, AllTerra Central, while the landlords, represented by brokers Jon Skidmore, Andrew Gilbert, and Keaton Brice of Holt Lunsford Commercial, facilitated the transaction for Arden Group.
Players
Southlake Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93