COPPELL - Universal Power Group Inc. (UPG) has signed a 208,800-sf lease for a distribution center and corporate office in Coppell near DFW Airport. The lease terms are for ten years and total approximately $3.85 million.
UPG, a Texas-based distributor and supplier of batteries and related power accessories, will be the sole tenant of the new facility with plans to relocate in March 2013, once their current lease in Carrollton, at 1720 Hayden Dr., expires.
The landlord agreed to provide approximately $1 million in upgrades to the building, with the cost will being amortized over the ten-year lease agreement.
Read more at Business Wire.
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