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Real Estate Real Deals: ALLIED ELECTRONICS EXPANDS FORT WORTH WAREHOUSE

Real Deals: ALLIED ELECTRONICS EXPANDS FORT WORTH WAREHOUSE

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Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

Allied Electronics & Automation is expanding its warehouse to 520,000 square feet from its current 300,000-square-foot distribution center. The new addition will be built alongside the current warehouse in the River Bend Business Park in east Fort Worth.

When the new addition opens in mid-2020, Allied will have the capacity to house more than 500,000 stocked products, up from 170,000 now, the company said in a news release.

Allied is celebrating its 90th anniversary this year. The company relocated to Fort Worth from Chicago in 1970. Allied employs more than 900 people throughout the United States, Canada, Chile and Mexico. More than 500 are at the corporate headquarters in Fort Worth

“As the leading automation and control distributor in our industry, Allied is preparing for the future by developing our warehouse today,” said Vice President of Business Operations Scott Jayes. “We pushed our automation partner, KNAPP, to give us a state-of-the-art facility. Our expanded warehouse will include advanced technology that will employ the latest automation processes in every area, including receiving, picking, packing and shipping.”

Haskell is contractor on the project and also serves as the architect.

Allied broke ground in early September and unveiled the expansion plans to suppliers at the company’s recent EXPO 2018, its bi-annual trade show and sales meeting in Fort Worth, in October. The warehouse is expected to be completed by July 2020.

Allied Electronics & Automation is an authorized distributor of industrial automation products, electronic components and electromechanical products with sales offices serving the Americas.

LEASES

Catalina Ventures leased 1,396 square feet at Northeast Business Park in Fort Worth. George Jennings and Thomas Grafton of Holt Lunsford Commercial represented the landlord, TX Circle 182.

Chicago Financial leased 7,500 square feet at Village Creek in Fort Worth. George Jennings and Thomas Grafton of Holt Lunsford Commercial represented the landlord, TX Circle 182.

Clearchoice Management Services leased 7,913 square feet at One Ridgmar Centre. Matt Carthey and Geoff Shelton with Holt Lunsford Commercial represented the landlord, FE One Ridgmar Centre LP. Michael Gargiulo with Peloton Real Estate Partners represented the tenant.

Send real deals to Robert Francis at rfrancis@bizpress.net

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