Deal Ticker: Domed Roof Landmark Property in Addison Exchanges Hands For Corporate HQ Relocation
Plus: Flurry of leasing fills Carrollton Business Center, Craig Ranch to get new office building, a 422-unit apartment asset near Preston Hollow has sold, and more.
Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected]. Cherry Coatings will grow its Dallas-Fort Worth operations with a new corporate headquarters at the popular 56,000-square-foot Inwood Soccer Center in Addison. Cherry Coatings, which specializes in new construction painting, industrial flooring, and maintenance coatings, will relocate from Carrollton to the former soccer landmark at 14801 Inwood Road, which sits on over three acres of land. The 53-year-old company will retrofit the building to house 75 corporate employees and a large warehouse with loading docks.
Coppell-based logistics firm more than doubling operations
PremierLogiTech has been in business since 2007.
Premier LogiTech is in the Freeport II building on South Royal Lane.(Duke Realty)
A North Texas-based technology logistics firm is more than doubling the size of its Coppell operations.
Premier LogiTech LLC is adding more than 110,000 square feet to its operations at 600 South Royal Lane.
The company was founded in 2007 and handles tech products logistics, warehousing, fulfillment, repairs and recycling.
Premier LogiTech will now occupy almost 180,000 square feet in Duke Realty’s Freeport II building.
“As a result of the pandemic, we are seeing increased demand for industrial space that provides our clients with easier access to streamlined logistics,” Duke Realty’s Jeff Thornton said in a statement. “Our clients want to make sure their customers are getting products and services promptly and for Premier, the Freeport II facility has helped them meet their cust