37.1 F
Fort Worth
Tuesday, October 27, 2020
Real Estate Real Deals: Amstar leases spec industrial Fort Worth property

Real Deals: Amstar leases spec industrial Fort Worth property

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...
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.

The Fort Worth Business Press obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm. Amstar leases spec industrial Fort Worth property Amstar has signed a 12-year lease with Fruit of the Earth at Riverpark 1000, a 145,579-square-foot Class A light industrial facility in Fort Worth. Amstar, a Denver-based real estate investment management firm, and development partners Huntington Industrial Partners and Seefried Industrial Properties, broke ground on the site on a speculative basis in June. The property is off West Trinity Boulevard, less than seven miles from Dallas/Fort Worth International Airport. Fruit of the Earth will lease 100 percent of the building and will take occupancy after completion in the second quarter of 2015. The Fort Worth firm manufactures aloe vera-based skin, sun and health care products. The facility will house additional production lines, finished-goods distribution and related offices. Meanwhile, Seefried completed a separate 277,000-square-foot, build-to-suit facility in late 2013 for Fruit of the Earth, also located along Trinity Boulevard. “The leasing of Riverpark 1000 to Fruit of the Earth early in the construction process is a testament to the vitality of the Dallas-Fort Worth industrial market. Amstar is excited about Fruit of the Earth’s expansion in the Great Southwest area and its long-term commitment to the property,” said Amstar Senior Vice President Tricia Noble in a news release. Representing the tenant in the transaction were Tom Walrich and Reed Parker of Lee & Associates, with Kacy Jones and Steve Koldyke of CBRE representing the landlord.

RENOVATED MATLOCK OAKS CROSSING ADDS WORLD MARKET AS NEW ANCHOR Cencor Realty Services has completed a renovation of Matlock Oaks Crossing in Arlington, coinciding with its newest anchor, Indo Pak World Market. Indo Pak World Market leased the 45,056-square-foot anchor building in the retail center and opened after extensive remodeling of the space to create an internationally focused grocery store. Matlock Oaks is located on the southwest corner of Matlock Road and Green Oaks Boulevard. Steve Gray and Blake Shipp with the commercial retail division of The Weitzman Group handled negotiations as exclusive retail leasing agents for the center. Mike Uhm of The Michaels Group represented the grocer. Other Matlock Oaks tenants include Subway, Allstate Insurance, Nationwide Insurance, Uptown Beauty Supplies and Aspen Salon. Cencor Realty Services manages the property

SALES A 10,000-square-foot light industrial office-warehouse building in Lewisville has been sold for an undisclosed price. 2009 Horton Family Trust snapped up the property at 719 N. Cowan Street. The seller, Donna Brown Revocable Trust, was represented by Russ Webb of Silver Oak Commercial Realty, with Monica Wofford of Prudential Texas Properties representing the buyer. LEASES Kirby’s Steakhouse in Southlake has been sold, with a local private investor snapping up the 7,900-square-foot net-leased property at 3305 E. State Highway 114. Marketing the property on behalf of the seller, a limited liability company, was Jason Vitorino of Marcus & Millichap Real Estate Investment Services’ Dallas office. Vitorino also procured the buyer. As part of the transaction, the investor leased the property back to the seller, with a new 20-year net lease executed at the close of escrow. Schaeffler Group has leased 2,083 square feet of office space at 4500 W. Eldorado Parkway in McKinney. Representing Schaeffler in the transaction was Travis Boothe of Cassidy Turley. Mitsubishi Aircraft has leased 4,683 square feet of office space at Preston Park Financial Center, 4965-4975 Preston Park Blvd. in Plano. Representing the landlord, Griffin Partners, were Clint Madison and Rodney Helm of Cassidy Turley. Metaio Inc. has leased 1,365 square feet of office space in Preston Park Financial Center, 4965-4975 Preston Park Blvd. in Plano. Representing the landlord, Griffin Partners, were Clint Madison and Rodney Helm of Cassidy Turley. PropelSys Technologies has leased 2,766 square feet of office space in Preston Park Financial Center, 4965-4975 Preston Park Blvd. in Plano. Representing the landlord, Griffin Partners, were Clint Madison and Rodney Helm of Cassidy Turley. Streamline Packaging Solutions LP has renewed its lease for 92,098 square feet of warehouse space in SCG River Park Business Center, 15124 Grand River Road in Fort Worth. The landlord, SCG River Park Business Center LP, was represented by Michael W. Spain, senior vice president and managing partner of Bradford Commercial Real Estate Services, and Will Dillard, broker associate. Blake Anderson and David Eseke of Cassidy Turley represented the tenant. Dal-Tile Distribution Inc. has renewed its lease for 15,806 square feet of warehouse space in Heritage Business Park VII, 720 Industrial Blvd. in Grapevine. Michael W. Spain, senior vice president and managing partner of Bradford Commercial Real Estate Services, represented the landlord. Nathan Lawrence of CBRE represented the tenant. Great Alliance Solutions LLC has leased 10,434 square feet of warehouse space at 1515 Avenue S in Grand Prairie from DCT-TX 2004 RN Portfolio I LP. Michael W. Spain, senior vice president and managing partner of Bradford Commercial Real Estate Services, and Jim Ferris, vice president, represented the landlord. Will Dillard, Bradford’s broker associate, represented the tenant. Global Pallet Solutions has leased 10,099 square feet at 341-361 N. Beach St. in Fort Worth, according to Xceligent Inc. Representing the landlord was Phillip Rosenfeld of Colliers International. Surface Preparation Texas LLC has leased 13,334 square feet at 1200-1208 Avenue H East in Arlington, according to Xceligent Inc. The tenant was represented by Mark Graybill of Lee & Associates–Dallas. Representing the landlord was Kacy Jones of CBRE–Arlington. Saddle Ridge Resources has leased 1,174 square feet at Centerpoint I, 624 Six Flags Drive in Arlington, according to Xceligent Inc. Representing the landlord in the transaction was Ken Thurmond of Primera Companies-Dallas/Fort Worth. Prospect Mortgage has leased 1,187 square feet at the Ridglea Bank Building, 6300 Ridglea Place in Fort Worth, according to Xceligent Inc. Representing the landlord was John Grace of CASE Commercial. Mud Bug has leased 1,322 square feet at Westgate Plaza Building 6, 2000 E. Randol Mill Road in Arlington, according to Xceligent Inc. Representing the landlord was Krisi Miller of JW Management Co. Texas Trust has leased 1,394 square feet at College Park Center in Arlington, according to Xceligent Inc. Representing the landlord in the transaction was Jack Burgher of Venture Commercial–DFW. Texas Electric Delivery has leased 178,127 square feet at 15101 Trinity Blvd. in Fort Worth, according to Xceligent Inc. Representing the landlord was David Glasscock of CBRE–Dallas. Moore Gas has leased 3,900 square feet at 2501 Centennial Drive in Arlington, according to Xceligent Inc. Representing the landlord was David Martin of David D. Martin Commercial Real Estate. Towne Air Freight has leased 88,000 square feet at Prologis Northwest Trade Center 11 in Grapevine, according to Xceligent Inc. Representing the tenant was Brad Struck of E. Smith Realty Partners. Representing the landlord was Gil Stroube of Lincoln Property Company–Dallas. Epik Cards & Games has leased 2,000 square feet at Village Square Shopping Center, 716-756 E. Pipeline Road in Hurst, according to Xceligent Inc. Representing the landlord was Erik Blais of Bradford Commercial Real Estate Services. Smiling Moose has leased 2,134 square feet at College Park Center in Arlington, according to Xceligent Inc. Representing the landlord was Jack Burgher of Venture Commercial–DFW. Pie Five has leased 2,196 square feet at College Park Center in Arlington, according to Xceligent Inc. Representing the landlord was Jack Burgher of Venture Commercial–DFW.

Send real estate news to lgraham@bizpress.net  

Latest News

Sept. new home sales fall 3.5%, after strong summer season

By KEN SWEET AP Business WriterCHARLOTTE, N.C. (AP) — Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual...

Real Estate: Office still a question mark as industrial remains strong in 3Q

The Dallas-Fort Worth area is a leading area around the country in terms of office occupancy, but there remain plenty of employees...

Texas housing market rebounds in September along with U.S.

Texas’ housing market rebounded in September as homebuyers rushed to take advantage of historically low mortgage rates. Existing homes sold through Texas...

Building in a time of uncertainty

On Thursday, Oct. 29, at exactly 4 p.m. First United Methodist Church of Fort Worth leaders and ministry representatives will pull together...

Phase II of Arlington Commons tops out

KWA Construction has topped out on Phase II of Arlington Commons, one of the largest redevelopment projects in North Texas. Developed by...