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Tuesday, October 27, 2020
Real Estate REAL DEALS: Multicultural Museum moving to Stockyards

REAL DEALS: Multicultural Museum moving to Stockyards

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MULTICULTURAL MUSEUM

MOVES TO STOCKYARDS

The National Multicultural Western Heritage Museum has opened the doors of its new home in the Cobden Building, 2029 North Main St. in the Fort Worth Stockyards.

The museum houses memorabilia, artifacts and historical documents celebrating men and women of all ethnic backgrounds who worked to settle the Old West. It also offers traveling exhibits, educational workshops, volunteer opportunities and family activities.

The museum will be housed in 4,000 square feet on the building’s bottom floor. Jim Austin, the museum’s co-founder, says the new location will be a tremendous asset for both the museum and history lovers.

“Moving the museum to the Historic Stockyards and Exchange area makes us more relevant to the history of the West and falls in line with similar museums and establishments around the country. With over 2 million individuals visiting the Stockyards annually, we anticipate a huge increase in traffic for the museum, and we are delighted to be in a position to share the incredible contributions of cowboys and cowgirls of all races with many more people.”

Museum co-founder Gloria Reed Austin will continue as executive director. The museum’s 2018 board of directors includes Executive Committee members Austin, president; Victor Wallace, vice president; Netra Fitzgerald, secretary; Saul Waranch, treasurer; Steven Heape, director representative; Gloria Austin; and directors Mark Lucas Kelly, Sylvia McElvy and Shannon Reese.

The two-story Cobden Building was built in 1909 by William Bryce, a former mayor of Fort Worth, for Alexander and Jessie Cobden. The property was owned by Jessie and her family until 1976. From 1912 until 1925, J.W. Alton Grocer occupied the ground floor. Southwestern Telephone & Telegraph Exchange was located there from 1914 to 1931. The building underwent extensive renovations after a fire in 1988 destroyed the second floor.

“The Cobden Building has been an intricate part of the city’s economic and commercial history since it’s construction over 100 year ago,” said Jim Austin. “We welcome the opportunity to lease the second story of the building out for commercial use. It is a phenomenal location for an executive office or co-working suites location.”

The museum was formerly located at 3400 Mount Vernon Ave.

GLADE PARKS ADDING

RESTAURANTS, RETAIL

North Rock Real Estate LLC continues to bolster the lineup of restaurant and retails offerings at Glade Parks, the 194-acre mixed-use development on State Highway 121 in Euless.

Dallas-based, family-run Dickey’s Barbecue Pit opened there recently and Imperial Hibachi is now open. MidiCi, the Neapolitan Pizza Co. is opening later in September. Thirsty Lion Gastropub & Grill, based in Portland, Oregon, is opening in late fall. 54th Street Grill is opening in 2019, and JR’s Steak & Grill has signed a property lease.

Glade Parks has also boosted its retail offerings with Runway Seven, a Lewisville-based boutique brand of accessories and apparel.

Amazing Lash Studio opened in August adjacent to Belk. Maxiam Nail Bar and American Nail Bar have also opened and Blue Lion Salon Suites will open in the fall.

National off-price retailer Burlington is opening in September. Total Wine & More, will open its 25,000-square-foot store in early October. Japanese bargain store Daiso will open next in late 2018.

Adding to the entertainment offerings, Fort Worth-founded canvas and pottery painting studio Cloth and Glaze is scheduled to open this winter.

Aloft Hotel is scheduled to open this fall and will function as one of the main anchors of Glade Parks’ Town Plaza.

Glade Parks is being developed, managed, leased and constructed by North Rock Real Estate LLC, of Rockford, Illinois, in partnership with Iron Point Partners LLC. Iron Point, which is affiliated with Oak Hill and Fort Worth’s Robert M. Bass, is active in many types of real estate investing and owns over 65 shopping centers across the United States. Iron Point is headquartered in Washington, D.C., and has an office in Dallas.

N. CAROLINA COMPANY

BUYS G&A DESIGN FIRM

McAdams, an engineering and design firm based in a Durham, North Carolina, announced the company’s acquisition of Texas-based engineering and design firm G&A Consultants, which has offices in Roanoke and Lewisville. The firms will operate in Texas under a temporarily combined identity, G&A | McAdams, until fully transitioning to McAdams.

McAdams’s acquisition of G&A was finalized on Aug. 31, 2018. The newly combined firm will continue to work on projects in North Carolina and Texas through services such as land planning, landscape architecture, engineering, surveying and environmental consulting. All leadership and employees will be retained through the merger, capitalizing on both teams’ collective client-service experience, according to a news release.

“With G&A and McAdams’s remarkable industry expertise, this merger complements both firms’ combined talent and creative approach to projects,” said Robert J. Dollak Jr., director of Dallas-Fort Worth at G&A | McAdams. “This union strengthens our ability to grow and flourish in Texas and beyond, both as individuals and as a company.”

The acquisition marks the first office for McAdams outside North Carolina and will increase the size of the firm from 215 employees to over 260. Over its last 39 years in business, McAdams has focused on large-scale commercial developments, residential communities, education campuses, municipal projects, energy companies and health care facilities.

“We are embarking on a new chapter for McAdams,” said Mike Munn, CEO of McAdams. “G&A and McAdams together are positioned to expand our abilities for our clients as we move forward. We will continue our vision of creating meaningful experiences through inspired design.”

G&A Consultants is a 28-year-old multi-disciplined consulting firm providing services in civil engineering, land surveying, landscape architecture and land planning services in the Dallas-Fort Worth region. The firm employs 43 professionals providing land development design services to private and public clients for single-family and multifamily residential projects, mixed-use developments, retail, office, commercial and educational projects, as well as infrastructure design for municipalities and other agencies.

CORK-MARK MOVING HQ

TO SOLANA IN WESTLAKE

The convenience store supplier Core-Mark, based in San Francisco, is planning to move its headquarters to Westlake, the company said during a conference call in September.

“Recently we have finalized plans to relocate Core-Mark’s corporate headquarters to the Dallas-Fort Worth area,” said Scott McPherson, president and CEO of the company, in an earnings conference call. “The move will take place during the first half of 2019. The cost of operating out of the San Francisco Bay Area is high and while San Francisco is our long-time home, the business has expanded dramatically over the years.”

According to Westlake officials, the company will lease space in the Solana business park for about 100 workers, about half of whom will be hired locally.

Core-Mark is a major supplier of food and tobacco products to convenience stores and one if its largest customers in Irving-based 7-Eleven. On the conference call, McPherson said the North Texas area offers a better operating cost, lower taxes and a central location for the company’s nationwide business.

Core-Mark has over 8,000 employees and reported a profit of $33.5 million, or 72 cents per share, on revenues of $15.69 billion in 2017.

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

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