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SAF Holland Group Leases 255,672 SF Industrial Building In Rowlett With Colliers Reps

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LEASED

Texas

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Industrial255,672 SF
Leased 05/08/2024
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LEASED

SAF Holland Group Leases 255,672 SF Industrial Building In Rowlett With Colliers Reps

7602 Merritt Road

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Industrial255,672 SF
Leased 05/08/2024
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:255,672 SF
Transaction Type:Lease

The industrial building located at 7602 Merritt Road in Rowlett, within the Lakeview Business District development by Jackson-Shaw, spans 255,672 square feet. The property was leased to The SAF Holland Group, with the entirety of Building 6 being occupied by the tenant. The lease was facilitated by Colliers International brokers Ben Wallace and Brad Balke.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Landlord: Michele Wheeler - Jackson-Shaw
  • Tenant: Alexander Geis - The SAF Holland Group
  • Brokers: Ben Wallace & Brad Balke - Colliers International

The SAF Holland Group preleased the industrial building as part of the first phase of the Lakeview Business Center, scheduled for completion by March 2025. This transaction highlights the collaboration between Jackson-Shaw, the landlord, and The SAF Holland Group, the tenant, with Colliers International brokers Ben Wallace and Brad Balke facilitating the lease agreement.

Players

Brad Balke
5 deals
BROKER

Ben Wallace
Colliers
3 deals(214) 436-6110
BROKER

Details

LEASED
IMAGE: Michele Wheeler, Alexander Geis, Ben Wallace & Brad Balke DATE: 05/08/2024 ADDRESS: 7602 Merritt Road MARKET: Rowlett ASSET TYPE: Industrial ~ SF: 255,672 LANDLORD: Michele Wheeler - Jackson-Shaw TENANT: Alexander Geis - The SAF Holland Group BROKERS: Ben Wallace & Brad Balke (@Balke2190) - Colliers International (@ColliersInternational) NOTE: SAF Holland Group has preleased a 255,672-square-foot industrial building in Rowlett, a northeastern Dallas suburb, within the Lakeview Business District development by Jackson-Shaw. The lease, negotiated by Brad Balke and Ben Wallace, will see SAF Holland Group occupying the entirety of Building 6, with construction of the first phase of Lakeview Business Center expected to finish by March 2025. -Shaw

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Deal Type
Effective Rent (Annual)

$14,654,964.76

Total Lease Value

$146,549,647.57

Net Landlord Cash Flow$14,654,964.76