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Real Deals: General Assembly consolidates at new Arlington site

🕐 6 min read

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

General Assembly Inc. has leased a 6,615-square-foot building at 1101 Oakmead Drive in the Great Southwest Industrial District, keeping its operations in Arlington and its staff under one roof.

The single-tenant building provides more than double the amount of warehouse space than the firm’s current facility. The professional merchandising services company assembles high-end consumer products.

“General Assembly has been based in Arlington for 23 years and that’s where it wanted to stay,” said Eric Anderson of Coldwell Banker Commercial Alliance DFW, which negotiated the transaction on behalf of the tenant.

“They had other options, but they really liked the fact that this is a freestanding building instead of a multitenant property,” Anderson said in a news release.

The firm is moving from the Vandergriff Town Center at 200 N. Mesquite St., with its warehouse staff relocating from 320 Dixon Lane. The new location has two loading docks, grade-level doors and enough parking for the entire workforce, Anderson said.

The new location is owned by a local investor, who was represented by Jim Hazard of E. Smith Realty Partners.

INDIGO YOGA RELOCATES

Indigo Yoga has announced plans to relocate from its current location at 4812 Camp Bowie Blvd. in Fort Worth to the former site of Fazeke’s Fitness at 5100 Pershing St.

All 25 instructors will make the move to the 4,800-square-foot facility as the business celebrates its 10th anniversary during the May 28-29 weekend.

Since it opened in 2006, the studio has expanded three times at its current location, where it occupies both 4808 and 4812 Camp Bowie Blvd..

LANDINGS AT MARINE CREEK

OPENS WITH 302 UNITS

The NRP Group LLC and Fort Worth city officials recently celebrated the grand opening of the Landings at Marine Creek, a new apartment complex at 4250 Old Decatur Road.

The development is the third partnership for the NRP Group and the Fort Worth Housing Finance Corp. Attending the April 9 event were District 2 Fort Worth Councilman Sal Espino, state Rep. Ramon Romero (D-Fort Worth) and Tarrant County College Trustee Teresa Ayala.

The Landings at Marine Creek features 302 garden-style units, a 24-hour fitness center, business center with high-speed Internet, a swimming pool with sundeck equipped with Wi-Fi, and a playground.

$12.6M FINANCING COMPLETE

FOR 81 ACRES IN MANSFIELD

Silver Arch Capital Partners has provided a $12.6 million loan secured for an 81-acre development site in Mansfield. The borrower, Dallas-based development group Geyer Morris Co., was under contract to acquire the property and the two-year interest-only funding used to complete the acquisition. The site, located along U.S. Highway 287 and Broad Street, is vacant but is planned to house a 500,000-square-foot retail center set for completion in spring 2018.

GREYSTEEL AIDS FINANCING

FOR COMPLEX IN DALLAS

Greysteel has arranged financing for Walker Place, a 67-unit Cardinal Housing apartment community at 3880 S. Walton Walker Blvd. in Dallas. Anton Mattli and John Marshall Doss of the real estate investment services firm’s debt and structured finance team represented Walker Place Apartments LLC.

SALES

Dooley Commons in Grapevine has been sold to Babajoon3m Properties LLC. The 26,650-square-foot, two-building property at 202 and 204 N. Dooley St. has a professional office building and grades 1-12 student academy. LeAnn Brown, Russ Webb and Debra Perryman of Silver Oak Commercial Realty represented the seller, Grapevine Dooley Partners LLC. Daniel Miller and Kyle Jacobs of Rubicon Representation LLC represented the buyer.

A 4,000-square-foot retail building at 5960 Interstate 20 in Arlington has been sold. Russ Webb of Silver Oak Commercial Realty represented the buyer, Bishop Rogers Sutton Management LP. Rick Ikeler of SRS Real Estate Partners represented the seller, Pool Expressions LLC.

LEASES

The Refugee and Immigrant Center for Education and Legal Services has leased 2,048 square feet of office space in La Gran Plaza, 4200 South Freeway in Fort Worth, from Town Center Mall LP. Casey Tounget of Coldwell Banker Commercial Alliance DFW represented the tenant. Annette Gal of Boxer Properties representing the landlord.

Reggis Liquor Store has leased 3,648 square feet at Town & Country Center, 2420-2534 Jacksboro Highway in Fort Worth. Jeff Market and Roger Smeltzer of Vision Commercial Real Estate represented the landlord.

Ad Pro Uniforms has leased 2,400 square feet at 2302-2316 Blue Smoke Court N. in Fort Worth. Huck Newberry of The Newberry Company Inc. represented the landlord.

Handyman Contracting has leased 2,000 square feet at 1001 Kennedy Lane in Saginaw. Scott Lowe and Roger Smeltzer of Vision Commercial Real Estate represented the landlord.

Marine Harvest has leased 104,948 square feet at GSW Distribution Center, Building 24, 1049 Avenue H East in Arlington. Ward Richmond of Colliers International represented the tenant. Mark Graybill of Lee & Associates-Dallas represented the landlord.

Xpo Logistics has leased 39,879 square feet at First Arlington Commerce Center @ I-20, 3996 Scientific Drive in Arlington. Steve Koldyke and Kacy Jones of CBRE-Dallas represented the landlord.

Buffalo Wings & Rings has leased 5,398 square feet at The Village at Ballpark, Building A, 2150 E. Lamar Blvd. in Arlington. Jon McDaniel and Cameron Haddad of NAI Robert Lynn-retail division represented the landlord.

Subway has leased 2,000 square feet at Forest Oaks Shopping Center, 242 Northeast Green Oaks Blvd. in Arlington. Robert Kehiayan of Investment R/E Source Inc. represented the landlord.

Eden & Company has leased 1,800 square feet at 505-507 E. Abram St. in Arlington. Coy Garrett of Coy E. Garrett & Associates represented the landlord.

Active Networks has leased 31,000 square feet at DFW Global Logistics Centre, Building B, 1200 Mustang Drive in Grapevine. Steve Koldyke and Kacy Jones of CBRE-Arlington represented the landlord.

Compass Group has leased 27,000 square feet at DFW Global Logistics Centre, Building B, 1200 Mustang Drive in Grapevine. Steve Koldyke and Kacy Jones of CBRE-Arlington represented the landlord.

Nekter Juice Bar has leased 1,902 square feet at Bicentennial Retail Plaza, 410 W. Southlake Blvd. in Southlake. David Levinson of The Retail Connection-Dallas represented the landlord.

Werx has leased 1,799 square feet at Trinity Park Southlake, 935 S. Kimball Ave. in Southlake. Andrew Beckman and Steve Shrum of Glaciers Commercial-Dallas represented the landlord.

Metro Webb Wholesale Food Service has leased 11,948 square feet at Northcourt Center, 901-909 Avenue T in Grand Prairie. Corby Hodgkiss of Mercer Co. represented the tenant. Michael Peinado of Lincoln Property Co.-Dallas represented the landlord.

Quality Driver Solutions has leased 1,716 square feet at Post & Paddock Place, Buildings 1 & 2, 1000 Post and Paddock St. in Grand Prairie. Corby Hodgkiss of Mercer Co. represented the landlord.

Valley Truck Parts & HME Inc. has renewed its lease for 12,800 square feet of warehouse space at 2550 114th St. in Grand Prairie. Michael W. Spain and Jim Ferris of Bradford Commercial Real Estate Services represented the landlord, OMO Investment Co. Trust.

Camp Construction Services has leased 7,685 square feet at One Paddock Place, 2214 Paddock Way Drive in Grand Prairie. Steve Koldyke and Brian Gilchrist of CBRE-Arlington represented the landlord.

Allied Insulation has leased 8,050 square feet at 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.

SPlus Technologies LLC has leased 47,939 square feet at 900-1100 Avenue S in Grand Prairie. Steve Koldyke, Kacy Jones and Brian Gilchrist of CBRE-Arlington represented the landlord.

Send real estate news to lgraham@bizpress.net

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