Local high-end furniture wholesaler Four Hands has leased Building 2 of Airport Logistics Center in Del Valle, a Southeast Austin suburb that is booming with industrial development.
At 570,000 square feet, the deal marks the largest industrial lease in the Austin metro so far this year, according to the dealmakers.
JLL represented the landlord, Dallas' Dalfen Industrial, which developed the 800,000-square-foot campus. Endeavor Real Estate Group assisted the tenant.
The property is in the airport submarket of the Texas capital. Four Hands says it will use the space to consolidate operations from its other metro locations.
Though industrial development has been robust in the area, the building at 6106 Ross Road was the only available space larger than 300,000 square feet close to Four Hands’ operations, according to JLL.
Four Hands is now one of the largest industrial tenants in the Austin metro area, with a total footprint of 1.2 million square feet, which includes the Airport Logistics Center commitment and represents an increase in Four Hands’ space even after some of the leases at its current locations expire next year.
JLL ’s Ace Schlameus and Kyle McCulloch handled the transaction on behalf of Dalfen. Endeavor’s Chad Marsh represented Four Hands.
