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Hunt Southwest Real Estate Development LLC has acquired a 16.7-acre site in northeast Fort Worth for a 301,500-square-foot warehouse and distribution facility.
The speculative project will be located at 2101 Reeves Place in Riverbend West Business Park, according to Preston Herold, company vice president.
Construction will begin immediately, with completion expected in the third quarter of 2016.
“Riverbend West Business Park offers an ideal location for warehouse and distribution operations because of its central Dallas-Fort Worth location, proximity to abundant and high quality labor, and prime access to major thoroughfares including [Loop] 820, [State Highway] 121, [State Highway] 183, and [Interstate] 30,” Herold said in a news release.
Among the facility’s amenities will be a 32-foot clear height, cross-dock configuration, expansive truck court depths, and dedicated trailer parking.
Hunt Southwest has selected commercial real estate firm Holt Lunsford Commercial’s Donnie Rohde, Chance Olin and George Jennings to lease the industrial property to prospective tenants.
“Riverbend West Business Park will be a strong value proposition for industrial tenants who continue to seek a central Dallas-Fort Worth location,” Rohde said.
Hunt Southwest, a joint venture between Hunt Midwest Enterprises and Unity Hunt Inc., is the second real estate development enterprise founded by the Lamar Hunt family.
SET FOR GRAPEVINE
Mercedes-Benz USA has chosen Grapevine to house a parts distribution center and training facility as the German automaker rolls out what would be its sixth such regional facility in the United States.
The project includes a regional parts distribution center, supporting spare parts sales and distribution, and a learning-performance center that would relocate from Houston.
The Grapevine site covers more than 3 acres of the approximately 50-acre, city-owned site along Lakeside Parkway at Enterprise Road. The training facility is expected to be staffed with about 50 full-time employees with the ability to train 150 to 200 technicians per week.
The parts distribution hub is expected to occupy 254,000 square feet, and the learning and performance center about 59,000 square feet.
“The city is pleased to welcome a major international corporate presence to the Grapevine family and Mercedes-Benz USA is a true reflection of the high-end corporate caliber that Grapevine, Texas, attracts,” said Mayor William D. Tate in a news release.
Seefried Industrial Properties Inc. bought the land and is developing the project with Frapag, its longtime European capital partner.
Seefried is no stranger to Grapevine, having developed the 100-percent leased Northfield project along Dallas Road.
Mercedes-Benz USA has executed a development agreement with Seefried and said it will purchase the project upon completion. Design is underway for plans to be submitted for permitting in February. The initial site work is planned to begin later in February and construction in March, according to project planners.
The company’s target completion and occupancy date is January 2017, with full operations beginning March 1, 2017.
4D Circle LLC has purchased the 20,000-square-foot Lancaster Lofts at 1324 E. Lancaster Ave. from Paulos Properties LLC. Will Northern of Northern Realty Group represented both parties.
Criterion Development Co. LLC has closed on phase I of the 4.11-acre Belknap Street-Race Street assemblage in Fort Worth, owned by Paulos Properties LLC. Will Northern of Northern Realty Group represented both parties.
A buyer whose identity was not disclosed has purchased 2.74 acres at 200 and 220 Keller Parkway. Gary Collett of Cushman & Wakefield represented the buyer, and Scott Lowe of Vision Commercial represented the seller.
Mitchell Asset Group Inc. has bought an 18,000-square-foot property at 810 Lipscomb St. in Fort Worth from MGS Partners LP. Nathan Vasseur and Gary Vasseur of Vasseur Commercial Real Estate Inc. represented the buyer. Dick Myers, also of Vasseur Commercial, represented the seller.
Carlton Strategic Staffing Inc. has leased 1,689 square feet at 6000 Western Place Tower II in Fort Worth. Will Northern of Northern Realty Group represented the tenant, with Jeff Shelton of Holt Lunsford representing the landlord.
Equip4Life has leased 1,825 square feet of retail space at 521 Henderson St. in Fort Worth. Jeff Marek of Vision Commercial represented the landlord, with the lessee representing itself.
Texas Car Title & Payday Loan Services Inc. has leased 2,000 square feet of retail space at 2218 S. Bowen Road in Arlington from Bowen Arkansas Crossing. Chris Mendez of Coldwell Banker Commercial Alliance DFW represented the landlord. Spencer Petersen of Petersen Commercial represented the tenant.
Pan American Association has renewed its lease for 1,699 square feet of office space in Chase Bank Center, 1301 S. Bowen Road in Arlington. Beaux Riley of Coldwell Banker Commercial Alliance DFW represented the landlord.
Entrust Energy has renewed its lease for 1,407 square feet of office space in Commonwealth Center, 4200 S. Cooper St. in Arlington. Judy Nitzinger of Coldwell Banker Commercial Alliance DFW represented the landlord, Hung’s Enterprise.
Chain Link Services has leased 300,000 square feet at 1000 Terminal Road in Fort Worth. Transwestern represented the tenant. George Curry, Jamie Galati and Chris Stout of JLL-Fort Worth represented the landlord.
Miller Coors LLC has leased 45,200 square feet at 301 E. Risinger Road in Fort Worth. Ryan Wood of Conti Warehouses represented the landlord.
Pilot Thomas Logistics Services has leased 35,396 square feet at 201 N. Rupert St. in Fort Worth. David Walters of CBRE-Fort Worth represented the landlord.
Serpro has leased 16,000 square feet at Prologis Port America 26, 805 Port America Place in Grapevine. Mark Miller of NAI Robert Lynn represented the tenant. Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas represented the landlord.
SinoSource Inc. has leased 10,000 square feet at Ellis Industrial Park, 1901-1909 S. Great Southwest Parkway in Grand Prairie. Brian Gilchrist of CBRE-Dallas represented the landlord.
O.B. Macaroni Co. has leased 7,500 square feet at 820 Business Park, Building 13, 3048-3070 Southeast Loop 820 in Fort Worth. David Barbour of Formation Real Estate represented the landlord.
Legacy Merch has leased 7,500 square feet at 820 Business Park, Building 13, 3048-3070 Southeast Loop 820 in Fort Worth. David Barbour of Formation Real Estate represented the landlord.
ETTL Engineers has leased 2,589 square feet at Westgate Plaza, Building 6, 2000 E. Randol Mill Road in Arlington. Krisi Miller of J.W. Management represented the landlord.
VTI Security has leased 2,529 square feet at Westgate Plaza, Building 3, 2020 E. Randol Mill Road in Arlington. Krisi Miller of J.W. Management represented the landlord.
Action Contractors has leased 2,200 square feet at 2451-2461 E. Long Ave. in Fort Worth. Ed Runyon of WFR Properties represented the landlord.
Cricket Wireless has leased 1,800 square feet at Melbourne Plaza, 909-981 Melbourne Road in Hurst. William Hartmann of Square Foot Inc. represented the tenant. Roger Smelzer and Barrett England of Vision Commercial Real Estate represented the landlord.
SIG Insurance has leased 1,686 square feet at Sunnycrest Office Park, 2129 Martin Drive in Bedford. Russ Webb of Silver Oak Commercial Realty represented the landlord.
The Frederick Law Firm has leased 1,579 square feet at Summit Office Park, 1200 Summit Ave. in Fort Worth. David Cason of Holt Lunsford-Fort Worth represented the landlord.
TM Source Building Group Inc. has leased 1,561 square feet in the Western Insurance Building, 5601 Bridge St. in Fort Worth. Kevin Mackey and Warren Davis of TIG Real Estate Services-Dallas represented the landlord.
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