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DALLAS, June 13, 2012 – Jones Lang LaSalle today announced that it has negotiated a 225,498-square-foot, long term industrial lease on behalf of Southwest Moulding Company, located at 3845 Gifford Street in Grand Prairie. Southwest Moulding will relocate its headquarters to Grand Prairie this summer from its current distribution center in Dallas.
Jones Lang LaSalle Senior Vice President Michael Swaldi and Vice President Nathan Orbin represented the tenant. Stream Realty Partners Regional Managing Partner Chris Jackson and Managing Director Cannon Green represented the landlord, CH Realty IV / Grand Lakes.
“Our team did extensive research across the Metroplex to find the best facility for Southwest Moulding,” said Orbin of the 18-month-long project. “We carefully took the supply chain network, employee base, total occupancy costs and growth capabilities into consideration to determine the ideal location.”
According to Jones Lang LaSalle research, the manufacturing sector has shown signs of improvement in early 2012. Year-over-year statics report 5,500 more manufacturing jobs in the Metroplex through March (the latest figures available from the Texas Workforce Commission). Across the Metroplex, eight of the nine industrial submarkets recorded positive net absorption, with warehouse and distribution space acting as a driving force.
About Southwest Moulding CompanyEstablished in Dallas, Texas in 1952 Southwest Moulding Company. has become the leader and optimum source for moulding and specialty millwork products throughout Texas, Oklahoma and bordering states. With a 182,000 square foot distribution facility in Dallas, TX and a state of the art manufacturing facility in Ponder, TX, Southwest Moulding Co. and our manufacturing partner Creative Stair Parts can fulfill every millwork and moulding need.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.2 billion of assets under management. For further information, please visit www.joneslanglasalle.com.
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