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Real Deals: ITW Food Equipment doubles its space at Railhead

🕐 6 min read

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

ITW Food Equipment Group LLC has expanded its Fort Worth presence and pushed Railhead Business Station’s occupancy to 100 percent.

The expansion more than doubles ITW’s space as it leases 25,692 square feet of Class A space at 500 Railhead Blvd. and renews its lease for 24,896 square feet at 800 Railhead Blvd.

The three-building, 214,650-square-foot business park is owned by Sun Life Assurance Co. of Canada.

“ITW had reached capacity in its current facility and needed additional storage,” said Nick Talley of Dallas-based Bradford Commercial Real Estate Services, commenting in a news release.

ITW will move into the additional distribution space by the end of November. CBRE’s Bob Scully represented the tenant.

FIRST MODEL HOME OPENS

IN CHISHOLM TRAIL RANCH

Dallas-based Dunhill Homes has opened the first model home in Fort Worth’s Chisholm Trail Ranch, the 261-acre community along Chisholm Trail Parkway..

Dunhill is one of four local homebuilders that signed on for the $1.4 billion master-planned development overseen by The Walton Group of Companies, a privately held, multinational real estate investment and development group.

The model home opened on Nov. 19 The development will also include commercial and retail properties.

The development is expected to have about 1,100 single-family houses, including 169 home sites in its first phase. There will be eight one- and two-story floor plans ranging from 1,831 to 3,145 square feet; the houses will sell for prices starting in the mid $200,000s.

“Dunhill Homes has an excellent track record for building the highest quality homes in North Texas,” said John Vick, president, South Region for Walton Development and Management, commenting in a news release.

“It will play an integral part in making Chisholm Trail Ranch a vibrant community that meets the growing needs of Tarrant County,” Vick said.

Joining Dunhill is building Chisholm Trail Homes are HistoryMaker Homes, Antares Homes and Sandlin Homes. All three will begin construction in January.

Chisholm Trail Ranch also plans to offer a hike-and-bike trail system linking existing parks and school sites throughout the area. Plans also call for a pool, poolside cabanas and children’s playground, among other amenities.

The development adjoins Fort Worth’s new 75-acre Chisholm Trail Community Park, anchored by the new Chisholm Trail Community Center, all adjacent to existing and new development along McPherson Boulevard.

EULESS APARTMENTS REFINANCED

Royal Terrace apartments in Euless has gained permanent financing from commercial real estate investment services firm Greysteel in refinancing deal on behalf of Countrywide Hospitality LLC.

The 10-year, non-recourse loan, provided by an agency lender under the Freddie Mac Small Balance Loan program, has a fixed rate of 4.24 percent and a 30-year amortization schedule. Anton Mattli, John Marshall Doss and Zach Ghormley of Greysteel’s Fort Worth and Dallas offices negotiated the transaction.

Royal Terrace features 120 units and has undergone several renovations, including a parking lot overlay, solar shades and interior upgrades to more than 35 units.

MEDICAL BUILDING SOLD

IN CENTRAL ARLINGTON

A joint venture partnership of six physicians has sold a 15,110-square-foot medical office building that houses their practices in central Arlington.

TKEN Holdings, a pain management practice, bought the property and plans to use most of the space at 950 N. Davis St. and lease the rest. A physician with about two years left on his lease currently occupies 12 percent of the single-story building.

Shane Benner and Renee Efimoff of Coldwell Banker Commercial Advisors DFW represented the seller, North Davis Joint Venture. Trang Dang-Le of DFW iRealty represented the buyer.

SALES

Christ Community Church Southwest’s property at 10417 Old Cleburne Road in Fort Worth has been sold to Southwood Baptist Church. Gene Livens of Service Realty Inc. brokered the transaction.

Southwood Baptist Church’s property at 2633 Altamesa Blvd in Fort Worth has been sold to Ministerio Gracia Church. Gene Livens of Service Realty Inc. brokered the transaction.

Animal Intrusion Systems Holding Company LLC has sold its 7,687-square-foot building at 3330 N. Beach Street in Haltom City to DFH Transportation Services LLC. Luke Davis and Mackenzie Ford of Stream Realty Partners represented the seller.

Mitchell Asset Group Inc. has acquired a medical office building at 1141 Keller Parkway in Keller. The building anchors the Centerview Office Park complex across from Keller Town Center. Cody Payne of Marcus & Millichap Real Estate Investment Services represented the seller. Andy Rogers and Beth Thurman of Kelly, Hart and Hallman LP represented the buyer. Lending was provided by Vista Bank, represented by Jason Vinson.

LEASES

Hedary’s has leased 2,715 square feet at Village at Camp Bowie, 6323 Camp Bowie Blvd. in Fort Worth. Davis Lewis, Hunter Brous and Lee Koons of Lincoln Property Co.-Dallas represented the landlord.

Engineered Wall Systems Texas Inc. has leased 11,000 square feet at Riverbend, Building 38, 2217-2249 E. Loop 820 North in Fort Worth. George Jennings, Donnie Rohde and Jake Neal of Holt Lunsford-Fort Worth represented the landlord.

Aero Parts Mart has leased 8,200 square feet at 4205 Stadium Drive in Fort Worth. Jeff Givens of Transwestern-Dallas represented the landlord.

Rosendin Electric Inc. has leased 40,392 square feet at Alliance Gateway 24, 13550 Park Vista Blvd. in Fort Worth. Todd Hubbard and Michael Newsome of NAI Robert Lynn represented the landlord.

FTG Aerospace Inc. has leased 6,410 square feet at Fossil Creek Tech Center V, 4070-4090 Sandshell Drive in Fort Worth. Jeffrey Smith of Rockwood Capital-Dallas represented the landlord.

Westlake Health Mart Pharmacy has leased 1,762 square feet at Park Glen Market Place Phase III, 5421 Basswood Blvd. in Fort Worth. Sam Flesner and Jeff Lewin of Retail Solutions-Dallas represented the landlord.

Automann has leased 166,491 square feet at Cooper IH 20, Building A, 931 W. Bardin Road in Arlington. Dave Anderson and Brian Gilchrist of CBRE-Dallas represented the landlord.

Free Play LLC has leased 8,085 square feet at 400 E. South St. in Arlington. Jack Allen of Wellington Realty represented the tenant. Loni Harris and Ryan Dodson of Dodson Development represented the landlord.

Curves has leased 3,076 square feet at Green Oaks Shopping Center, 4001-4101 W. Green Oaks Blvd. in Arlington. Robert Roher of Global Realty & Management TX Inc. represented the landlord.

Beelieve Pediatric Therapy has leased 17,000 square feet at Old Denton Road Phase 2, 10932 Old Denton Road in Keller. Colleen Steyn of Office Equity Solutions-Southlake represented the landlord.

Gadgik has leased 2,500 square feet at Southlake Village, 2100-2140 E. Southlake Blvd. in Southlake. Robert Roher of Global Realty & Management TX Inc. represented the landlord.

BDM Group LLC has leased 14,974 square feet at 1017 Santerre St. in Grand Prairie. Corby Hodgkiss of Mercer Co. represented the tenant. Jordan Foster, Austin Goode and Jim Maibach of Peyco Southwest Realty Inc. represented the landlord.

Konecranes Inc. has leased 4,338 square feet at Trinity West Business Park, Building 1, 2550 114th St. in Grand Prairie. Michael Spain and Jim Ferris of Bradford Commercial Real Estate Services-GSW Office represented the landlord.

Send real estate news to lgraham@bizpress.net

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