ARLINGTON, Texas – In a quietly orchestrated off-market transaction, a commercial fencing company has closed on the high-profile site of Discount Motors’ decades-long home along Interstate 30 in an all-cash 1031 Exchange.
TAG Rocks LLC, a single-purpose entity of the Anchor Group, has purchased a 15,000-sf office/warehouse at 501 W. Road to Six Flags Dr. in Arlington. The 2.56-acre property, zoned light industrial, has I-30 frontage and is positioned just blocks from North Cooper Street’s on/off ramps.
“The highway frontage with the zoning in that area makes this property the perfect fit our client’s requirement,” says Andrew Clark, vice president of Dallas-based Bradford Commercial Real Estate Services.
Clark and Chris Wong, managing partner, represented the buyer in the off-market pickup from Moritz Family Interests Ltd., owner of Discount Motors. The used vehicle company is moving this month to Fort Worth to a leased site that the Bradford team arranged in tandem with the Arlington trade.
Anchor’s acquisition completes a 1031 Exchange, which was set in motion when Wong sold its Dallas property earlier this year. Clark quickly began cold-calling commercial real estate owners in Arlington to fulfill the fencing company’s desire for a more centralized location in the Metroplex.
“The Moritz family office said the property wasn’t for sale, but we were welcome to send in an offer. So, we did,” Clark says. “It was a long shot that paid off for all parties involved.”
Anchor is planning to renovate the office/warehouse in the coming months. The company, which has locations in Houston and Austin/San Antonio, will have the new DFW base of operations up and running by year’s end.
“The new location is kind of in a perfect spot with the highway frontage and access to Fort Worth and Dallas,” Clark says. “It hits on all the boxes for the buyer.”