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Tuesday, March 9, 2021

Real Deals: Walmart remodeling

WALMART REMODELING IN N. TEXAS

Walmart will be spending some money — $264.9 million to be exact – this year in Texas to remodel 54 stores, including 16 in North Texas. The updates will include changes to accommodate new initiatives such as grocery pickup and delivery as well as technology updates such as pickup towers, basically high-tech vending machines for online orders.

“It’s an exciting time to be a Walmart customer, especially here in DFW,” said Sonya Hostetler, Walmart vice president and regional general manager. “As we continue to roll out more innovations in our stores, we are offering families new ways to save time and money in communities throughout North Texas.”

Among the stores affected are the McCart Avenue location in Fort Worth and the Bedford store at 2108 Bedford Road.

SALE

Cohen Asset Management acquired CentrePort VII, a 129,934-square-foot property at 143601 FAA Blvd. in Fort Worth. Jud Clements, Robby Rieke, Taylor Starnes, Mark Collins and Dean Collins of Cushman & Wakefield represented the seller, CentrePort 7 TX LLC. The buyer was self-represented.

LEASES

International Paper has renewed its lease of 11,006 square feet at Northern Crossing in Fort Worth. Donnie Rohde and Matt Carthey of Holt Lunsford Commercial represented the landlord, Windsor at Northern Crossing. Brian Gilchrist with CBRE represented the tenant.

Maintenance of Fort Worth renewed a lease of 404 square feet at Overton Centre in Fort Worth. Matt Carthey and Jake Neal of Holt Lunsford Commercial represented the landlord, FLDR/TLC Overton Centre.

Simpifi Holdings has leased 2,500 square feet at 903 Summit Ave. in Fort Worth. David Cason of Holt Lunsford Commercial represented the landlord, 901 Summit LLC. Ryan Matthews with JLL represented the tenant.

TM Source Building Group leased 2,255 square feet at Western Insurance Building in Fort Worth. Marshall Mays of Holt Lunsford Commercial represented the landlord, Bridgestone Realty.

DK Group 2008 signed a 5,566-square-foot lease expansion of the Genghis Grill Headquarters in Springwood II at 8200 Springwood Drive in Irving, bringing the total leased space to 7,415 square feet. Cribb Altman and Jason Dodson of Cushman & Wakefield represented the tenant. The landlord, PS Business Parks LP, was self-represented.

Exportek signed a lease for 41,840 square feet in Prologis Park 121, Building 5B at 410 N. Freeport Parkway in Coppell. Adam Curran of Cushman & Wakefield represented the tenant. Nathan Lawrence of CBRE represented the landlord, Prologis.

Case Paper renewed a lease for 25,145 square feet lease 2555 114th St. in Grand Prairie. David Eseke and Craig Ruoff of Cushman & Wakefield represented the tenant. Corby Hodgkiss of Mercer Co. represented the landlord, Michigan Texas Corp.

MEA CULPA

In the April 8 story on Cristo Rey Fort Worth High School purchasing a new 4.47-acre campus at 2633 Altamesa Blvd. in southwest Fort Worth, there was a critical part left out.

Gene J. Livens, real estate consultant with Service Realty Inc., who specializes in “special purpose” properties such as churches and/or schools, represented the sellers, Ministerio Gracia Church.

Send Real Deals to Robert Francis at rfrancis@bizpress.net.

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