Arizona Tile Leases 100,398 SF Industrial Space in Irving
Arizona Tile signs lease for 100,398 SF industrial space in Irving with Link Industrial Properties as landlord and Stream Realty Partners as broker.
Arizona Tile LLC, a leading importer and distributor of natural stone and ceramic tile, has signed a lease for a 100,398 SF industrial space located at 2701 Regent Boulevard in Irving, Texas. The landlord is Link Industrial Properties, a Blackstone portfolio company that owns and operates a portfolio of high-quality industrial properties across the United States. The broker for the deal is Stream Realty Partners, a full-service commercial real estate firm with offices in major markets throughout the country.
The property is a Class A industrial building that was completed in 2019. It features 32-foot clear heights, 52 dock-high doors, and ample parking for employees and visitors. The location offers easy access to major highways and is in close proximity to Dallas/Fort Worth International Airport, making it an ideal location for distribution and logistics operations.
John Huarte, President of Arizona Tile, said in a statement, “We are excited to expand our operations in the Dallas-Fort Worth area and to partner with Link Industrial Properties and Stream Realty Partners on this transaction. The property’s location, quality, and amenities make it an ideal fit for our growing business.”
Benjamin Harris, Managing Director at Link Industrial Properties, said, “We are pleased to welcome Arizona Tile to our growing tenant roster at Regent Boulevard. This lease is a testament to the strength of the Dallas-Fort Worth industrial market and the quality of our properties. We look forward to a long and successful partnership with Arizona Tile.”
Blake Kendrick, Jeremy Kelly, and Sarah Ozanne of Stream Realty Partners represented the landlord in the transaction. The terms of the lease were not disclosed.
According to data from CBRE, the Dallas-Fort Worth industrial market continues to see strong demand from tenants and investors. The market recorded 7.5 million SF of net absorption in Q1 2020, bringing the total to 28.5 million SF over the past 12 months. The overall vacancy rate remained steady at 5.4%, while asking rents increased by 2.6% year-over-year to an average of $6.16 per SF per year. With its prime location and high-quality amenities, the Regent Boulevard property is well-positioned to attract and retain tenants in this competitive market.