ACRES Represents Lennox Industries in 80,000 SF DFW Lease
Lennox Industries, Inc. Signs 80,000 Square Foot Industrial Lease in DFW Airport, Texas
Friday, May 8, 2015
ACRES, a 25 year old family-owned DFW real estate firm, helps HVAC giant find the right space
DALLAS, May 8, 2015 - A wholly owned division of Lennox International, Inc. (NYSE: LII), Lennox Industries, Inc., a leading provider of high-efficiency packaged rooftop units, split systems, HVAC controls, furnaces and indoor air quality products for the light commercial industry, has leased 80,000 square feet of industrial distribution space at 1100 N. 28th Avenue, DFW Airport, Texas. Lennox plans to utilize the space for receiving, storage, shipping and wholesale sales of commercial HVAC systems.
Lennox Industries enlisted Andy Anderson of ACRES, as their exclusive representative for this transaction, to locate and identify property which met Lennox’s unique needs for distribution space in the Dallas/Fort Worth market.
"The Lennox assignment presented challenges from the start," said Anderson. "Their timing was immediate and Lennox required a large outside storage component. Many municipalities across Dallas/Fort Worth are becoming stricter or even outright banning outside storage of commercial equipment and/or materials. We conducted an extensive multi-city search, located a property with the perfect balance of inside and outside storage, location and immediate availability and negotiated a long-term lease for the Lennox Commercial Business Unit."
The landlord in this lease transaction was represented by Steve Trese of CBRE.
For more news and information about ACRES please visit www.acresinc.com.
Anderson Commercial Real Estate Services, Inc. "ACRES" is 25 year old family-owned commercial real estate services company in Addison, Texas.
ACRES three founders, Rex Anderson, Andy Anderson and Christopher Anderson possess over 75 years of combined experience in the commercial real estate industry in north Texas.
ACRES represents owners, occupants and investors in industrial, office and retail property in Texas, across the U.S. and in Mexico.
ACRES services include tenant representation, investment property sales, IRS 1031 exchanges, leasing, management, development and construction management.