20,965-SF Deal Leases Up Jupiter 190 Business Park PLANO, Texas – RREEF North America has filled the last opening in Jupiter 190 Business Park, leasing 20,965 sf to Neo Tech Wireless Inc.
Dave Anderson, executive vice president for CB Richard Ellis in Dallas, represented Neo Tech, a Samsung vendor poised to replace sublease space with a long-term address in Jupiter 190 Business Park’s Building I.
Key to the deal’s signing was the availability of a spec suite and the landlord’s aggressive lease-up strategy, according to Chris Stout, market director for Dallas-based Bradford Commercial Real Estate Services. Neo Tech, planning a move-in as quickly as possible, is in the process of upgrading power lines, installing equipment and retrofitting the warehouse component of 2805 Plano Parkway.
“Our activity in the Plano market has been good. We have been able to maintain our high levels of occupancy in the portfolio throughout the downturn,” Stout said. “RREEF’s willingness to spend the money on spec suites and get aggressive with good credit tenants has been a big factor in our success.”