Ridge Property Trust Leases Nearly 100,000 Square Feet in Arlington, Texas, to Joerns Healthcare
Ridge Property Trust (Ridge), a private REIT specializing in industrial property development and management, today announced that tenant, Joerns Healthcare, LLC will lease nearly 100,000-square-feet in Arlington, Texas to serve as both a warehouse and distribution center.
Dallas, Texas (PRWEB) January 10, 2011
Ridge Property Trust (Ridge), a private REIT specializing in industrial property development and management, today announced that tenant, Joerns Healthcare, LLC will lease nearly 100,000-square-feet in Arlington, Texas, to serve as both a warehouse and distribution center.
A leading manufacturer of healthcare furnishings and equipment, Joerns Healthcare will lease 99,840-square-feet of Ridge’s 249,600-square-foot facility in Arlington, located at 2100 Design Road.
“Ridge Property Trust is thrilled to welcome Joerns Healthcare to the Dallas–Fort Worth area,” said Kent Newsom, vice president at Ridge Property Trust. “The strategic location of this facility, combined with our state-of-the-art amenities, will provide Joerns Healthcare with operational advantages that facilitate their warehouse and distribution space needs.”
Ridge’s Arlington facility is centrally located between Dallas and Fort Worth, with immediate access to Interstate 20 and State Highway 360. Additionally, the controlled business park provides a consistent corporate environment as well as easy access to the numerous amenities along the I-20 corridor.
The building leased to Joerns Healthcare features office space and power-to-suit, pre-cast walls, 30-foot clear ceiling heights, side loading docks, 40-foot by 52-foot bay spacing and ESFR fire sprinkler systems.
Blake Anderson of Grubb & Ellis Company represented Joerns Healthcare, LLC. Trey Frike and Reid Bassinger of Lee & Associates DFW represented Ridge Property Trust. Terms for the leasing deal have not been disclosed.
About Ridge Property Trust
Ridge Property Trust (Ridge), a privately-held real estate investment trust (REIT) with ongoing industrial development in the United States and Mexico, is a leading provider of commercial real estate development services. Combining immediate access to key local decision makers with a highly responsive and streamlined organization, Ridge provides a competitive advantage that makes acquisition and development cost-efficient, customized, and customer-focused. Backed by institutional investors advised by Prudential Real Estate Investors (PREI®), Ridge Property Trust delivers senior executives armed with exceptional local knowledge, worldwide institutional power, discipline, and access to capital – ensuring the best value for brokers, sellers and end users alike. Ridge Property Trust is based in Chicago and has regional offices throughout the United States. For more information, visit http://www. rptrust. com or call (972)-550-6100.