55.5 F
Fort Worth
Friday, November 27, 2020
Real Estate Commerical Industrial space in Midlothian purchased by partnership including former Chicago mayor

Industrial space in Midlothian purchased by partnership including former Chicago mayor

Other News

JRB Fort Worth chosen for main operating base for C-130J aircraft

Naval Air Station Joint Reserve Base Fort Worth has been selected as a main operating base for eight C-130J aircraft at the 136th Airlift...

Commentary: When to donate rewards to charity and when to give cash

By ERIN HURD of NerdWalletIf you're looking to give to charity this holiday season but don't want to dip into your bank account, donating...

Texas again sets record for new coronavirus infections as testing also sees sustained highs

Texas health officials reported more than 14,000 new coronavirus infections Wednesday in what appeared to be an all-time high for daily cases. The record comes...

Commentary: Area mayors say ‘Spread cheer this holiday season, not COVID-19’

Mayors of several cities in Tarrant County released the following message: As we enter the holiday season, it’s becoming all too apparent that this year...
Neetish Basnet
Neetish is a writer and digital content producer for Fort Worth Business Press. He has been covering businesses of all shapes and sizes in the Dallas-Fort Worth metroplex for several years. After graduating with a journalism degree from University of Texas-Arlington, Dow Jones News Fund selected him for a digital media fellowship. He still likes the smell of a freshly printed newspaper.

A celebrity real estate mogul in-collaboration with the former Mayor of Chicago has purchased space to build a new industrial and logistics facility in Midlothian.

Conlon & Co., the real estate merchant bank founded by Sean J. Conlon, invested to buy 690,000 square feet of space at Midlothian Business Park, about 30 miles southeast from Fort Worth.


The industrial space investment promises to add more than 200 new jobs.

The latest investment follows Conlon & Co.’s initial entry to the Dallas-Fort Worth market with its acquisition of a number of lots at White Bluff Resort on Lake Whitney back in September.

Sean J. Conlon

“I strongly believe the Texas economy looks positive post-pandemic.
The pandemic has highlighted the critical importance of supply chain and logistics real estate,” Conlon said in a statement. “Given the general trend in America now, Texas and its industrial sector are ideally suited for continued growth as we look to a post COVID-19 economy

Alongside Conlon, who regularly hosts “The Deed” on CNBC, the bank is led by former Chicago Mayor Richard M. Daley and his son, Patrick Daley. Former Mayor Daley during his 22-year tenure was instrumental in transforming Chicago’s real estate to enhance tourism with projects like the Millennium Park and Navy Pier.

“My father and I share a passion for urban planning. The Dallas-Fort Worth metroplex has undergone a remarkable evolution over the past two decades, given the recent shift in migration and now experiencing one of the strongest economic and population growths in the country,” Patrick Daley, Conlon & Co. Partner, said in a statement. “The state is one of the most economically resilient states and only shows opportunities for Conlon & Co.”

The anchor tenant in Midlothian Business Park will be Sunrider Manufacturing. The health, beauty, food and household products manufacturer also announced it is relocating its headquarter from Torrance, California to Midlothian. Sunrider Manufacturing has manufacturing plants in China, Singapore and Taiwan as well.

“As Conlon & Co. continues to invest in the Texas market, we look forward to being part of the growth of this great state,” Conlon said. “With Texas being the second largest economy in the country, it is a great place to do business and we are looking forward to joining and actively being a part of this prestigious community.”

close

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Jacobs Engineering: Fiscal 4Q Earnings Snapshot

DALLAS (AP) _ Jacobs Engineering Group Inc. (J) on Tuesday reported fiscal fourth-quarter net income of $82 million.On a per-share basis, the Dallas-based company...

Arlington firm designing new hotel in Las Colinas

Arlington-based Type Six Design & Development has announced the firm has received zoning approval from the City of Irving for a new six-story Hotel...

Virus playing part in booming ranch sales in US West

BILLINGS, Mont. (AP) — The coronavirus is one of the likely factors fueling a boom in large ranch sales in the U.S. West, real...

Wood Partners plans 322-unit apartment in Grand Prairie

Wood Partners has recently closed on a new property on S. Forum Drive in Grand Prairie in the Highway 161 corridor. Once complete, the new community...

Existing home sales up 4.3% in October, fifth monthly gain

By KEN SWEET AP Business Writer Sales of existing homes rose for a fifth straight month in October, reaching a level not seen since before...