A Fresh Take on CRE

Dallas Deal Highlight: Clear Technologies Signs in Addison, Anna's Linens Inks Lease in Coppell

From time to time, we like to highlight recent deals from the CompStak database that we find interesting. We hope you will find the information helpful.

   
16650 Westgrove Drive in Addison TX

Clear Technologies Signs in Addison

Tech company Clear Technologies, leased 8,452 SF of office space on the ground floor of 16650 Westgrove Drive in Addison. The company is downsizing from the 11,955 SF space it currently has at 1199 South Beltline Road in Coppell where Clear is paying base rent in the mid-$13.00 PSF range. In its new space, Clear Technologies will be paying around $10 PSF, a rate similar to that of CardLab, which signed a seven-year deal for 22,928 SF in the same building in Q2 of 2013.



   
400 Dividend Drive in Coppell Texas


Anna's Linens Inks Lease at Point West IV

National home goods retailer Anna's Linens recently took 263,625 SF of industrial space at 400 Dividend Drive in Coppell. The company, which will use this new location as a regional distribution center, will be paying just above $3.00 PSF for the space. Together with Shaw Industries, which signed a matching 263,625 SF lease at 400 Dividend in 2011, Anna's will occupy nearly 50% of the building's 1,079,480 SF of space. Shaw Industries is also paying rent in the low $3.00s PSF.