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Carter Business Center lease reflects demand in south FW

🕐 5 min read

Fort Worth Business obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm.

Multi-Shot LLC has renewed its lease for 30,348 square feet in Carter Business Center, 7821 Will Rogers Blvd. in Fort Worth.

The renewal comes as industrial vacancies in south Fort Worth are near an all-time low, according to Nick Talley of Bradford Commercial Real Estate Services. Talley represented the landlord, TA Realty Associates Fund X LP, in the direct deal.

“The submarket’s vacancy of less than 5 percent was clearly a factor in this renewal and others,” Talley said in a news release.

“Demand for industrial space in the submarket continues to stay strong and could force new development in the near future,” Talley said.

Multi-Shot, a Houston-based oil and gas firm, was the first tenant in Carter Business Center, which was developed in 2005 in the 950-acre Carter Business Park.

RICHLAND HILLS STARTS

WORK ON ACTIVITY CENTER

The city of Richland Hills has broken ground on The Link at Richland Hills, the city’s planned 26,500-square-foot activity center that is set to include a gymnasium, weight and cardiovascular workout areas, an indoor walking track, fitness studio, and arts and crafts classroom. The $9.6 million project, approved by voters in a Nov. 3, 2015, bond election, is expected to open in April 2017 at 6750 Baker Blvd.

Barker Rinker Seacat Architecture is the architect, and Byrne Construction Services is construction manager.

FW FIRM ARRANGES SALE

OF OKLAHOMA CITY BUILDING

The Fort Worth office of Marcus & Millichap Real Estate Investment Services has arranged the sale of Mid America Business Park, a three-story, 84,373-square-foot office building in Oklahoma City, according to Kyle Palmer, sales manager of the Fort Worth office.

Cody Payne, also with the Fort Worth office, marketed the property on behalf of the seller, a Fort Worth-based private partnership. The buyer is private investor. Ron Hebert of Marcus & Millichap’s Dallas office partnered with Payne on the sale. Tom Mann of the firm’s Tulsa, Oklahoma, office is Marcus & Millichap’s broker of record in that state.

“Occupied primarily by government service agencies, the asset has great cash flow and tremendous upside potential,” Hebert said in a news release. “We received multiple offers on the property from buyers from throughout the investment spectrum.”

The U.S. Department of Veterans Services, one of the property’s anchor tenants, recently signed a 20-year lease, Payne said.

The veterans agency and CNI Administration Services anchor the property and represent about 65 percent of its gross leasable area. Other tenants include AAR Services, Deaconess Home Care and Edward Jones.

SALES

Charles M. Edwards has purchased 4.34 acres at 5200 Belt Line Road in Irving. Cannon Green and Jeremy Kelly of Stream Realty Partners represented the seller, Wilma Jordan. Transwestern represented the buyer.

LEASES

Gameday Connexion has leased 2,250 square feet at Riverbend, Building 11, 7701-7719 Sand St. in Fort Worth. George Jennings, Donnie Rohde and Jake Neal of Holt Lunsford-Fort Worth represented the landlord.

Frontier Surveying has leased 2,100 square feet at 3108 W. Sixth St. in Fort Worth. Kirk Kelly of Transwestern-Fort Worth represented the landlord.

Clarus Glassboards has leased 119,359 square feet at 7537-7555 Jack Newell Blvd. N. in Fort Worth. Sarah LanCarte and Bill de la Chappel of Transwestern-Fort Worth represented the tenant. Jeff Givens of Transwestern-Fort Worth represented the landlord.

AM Fabrications has leased 60,000 square feet at 8932 South Freeway in Fort Worth. Chance Olin of Holt Lunsford-Fort Worth represented the landlord.

Diabetes Thyroid Center has leased 8,412 square feet at 7801 Oakmont Blvd. in Fort Worth. Bill Tinsley of Ellis & Tinsley represented the landlord.

Prosperity Motors has leased 4,000 square feet at 1001 Kennedy Lane in Saginaw. Scott Lowe and Roger Smeltzer of Vision Commercial Real Estate represented the landlord.

Cool Cats has leased 2,080 square feet at 425 S. Hampshire St. in Saginaw. John Lucas of Century 21-Mike Bowman Inc. represented the landlord.

CJ’s Professional Satellites has leased 2,400 square feet at 1475 Heritage Parkway, Building 1, in Mansfield. Brian Tally of Newport Properties represented the landlord.

Geo-Systems has leased 20,000 square feet at 3200-3220 Dalworth St. in Arlington. Corby Hodgkiss of Mercer Co. represented the tenant. Bob Kent of Kent Realty represented the landlord.

Mazak has leased 7,229 square feet at Trinity Park Southlake, 935 S. Kimball Ave. in Southlake. Andrew Beckman and Steve Shrum of Glacier Commercial-Dallas represented the landlord.

Momentum Gym has leased 6,400 square feet at Pecan Park Shopping Center, 2401 W. Pioneer Parkway in Pantego. Roger Smeltzer of Vision Commercial Real Estate represented the landlord.

Worldwide Enterprises LLC has leased 2,550 square feet at Brown Trail Tower, 2921 Brown Trail in Bedford. Colt Power of NAI Robert Lynn-retail division represented the landlord.

Max Relax has leased 1,977 square feet at Tiffany Park, 3415 S. Cooper St. in Arlington. Bob Kent of Kent Realty represented the landlord.

Burton’s Mechanical Services has leased 9,660 square feet in Parkway Distribution Center, 801-831 S. Great Southwest Parkway in Grand Prairie. Kacy Jones, Steve Koldyke and Brian Gilchrist of CBRE-Dallas represented the landlord.

Superior Relocation Services has leased 36,840 square feet of warehouse space at 1302 Avenue R in Grand Prairie. Michael W. Spain and Jim Ferris of Bradford Commercial Real Estate Services represented the landlord, DCT-TX 2004 RN Portfolio L. Jerry Jenkins of Briggs Freeman Sotheby’s International Realty represented the tenant.

RF Installations LLC has renewed its lease for 14,884 square feet of warehouse space in Westfork Business Center, Building 1, 1475 Avenue S in Grand Prairie. Michael W. Spain and Jim Ferris of Bradford Commercial Real Estate Services represented the landlord, DCT-TX 2004 RN Portfolio L. Ben Phillips of Transwestern-Dallas represented the tenant.

D&H United Fueling Solutions Inc. has renewed its lease for 11,275 square feet of warehouse space in Westfork Business Center, Building 1, at 1475 Avenue S in Grand Prairie from DCT-TX 2004 RN Portfolio L LP. Michael W. Spain and Jim Ferris of Bradford Commercial Real Estate Services represented the landlord. Steve Koldyke of CBRE Inc. represented the tenant.

Professional Packaging Systems Inc. has leased 101,839 square feet at 1905 110th St. in Grand Prairie. Cannon Green and Luke Davis of Stream Realty Partners represented Professional Packaging. CBRE Inc. represented the landlord.

Love’s Travel Stops & Country Stores Inc. has leased 94,689 square feet at RiverPoint Commerce Center at 3010 Roy Orr Blvd. in Grand Prairie. Cannon Green and Sarah Ozanne of Stream Realty Partners represented the landlord, RiverPoint Industrial Investors LLC. Colliers International represented the tenant.

Send real estate news to lgraham@bizpress.net

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