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Zynex Inc. signs full-building lease

A leading provider of high quality electrotherapy products inked one of the year’s largest industrial leases in the southeast submarket.

Zynex Inc. signed a full-building lease at the property in the Compark Business Campus at 14800 Grasslands Drive in Englewood. It leased the 50,488-square foot property on a long-term basis.

“We are pleased to add Zynex Inc. to an already stellar tenant roster at our Compark properties. With the addition of Zynex, we return to full occupancy, just under one month after the prior tenant vacated the Grasslands property,” said Jules Sherwood of Kenai Capital Advisors. A joint venture between CWCapital and Kenai Capital Advisors purchased Compark Business Campus, which includes the Grasslands building and two others on Upland Drive, in January.

“We are very excited to see Zynex continue their success with Compark as a strategic addition to their operations,” Sherwood said.

“With our recent acquisition of 14800 Grasslands Drive we were hyper focused on converting the strong industrial demand to obtain 100% occupancy. Executing one of the largest industrial deals this calendar year is a testament to the hard work, forward and strategic outlook of the whole team,” said Regina Lubin, CWCapital’s chief investment officer. “We could not be happier in welcoming Zynex Inc. to Compark Business Campus.”

Stream Realty Partners’ Tyler Reed, Peter Beugg and Dominic DiOrio represented CWCapital and Kenai Capital Advisors in the transaction. Brendan Fisher with Savills represented the tenant.

“CWCapital and Kenai Capital Advisors identified an established demand for quality, value-add industrial space in their acquisition of Compark Business Campus. The Grasslands building’s Class A existing finish, heavy power and standalone nature made it a competitive offering in the southeast submarket and a perfect fit for Zynex,” added Reed.

Zynex also occupies an office building in Meridian.

Featured in the November 4-17, 2020, issue of CREJ