Floorball equipment supplier scores Grand Prairie lease
A leading supplier of equipment and accessories for the fast-growing sport of “floorball” has set up its headquarters, showroom and distribution center in the Upper Great Southwest Industrial District in Grand Prairie.
FloorballPlanet, a division of GBK Sports LLC, has selected Woodlands Business Center, Building 3, 2005 108th St., in Grand Prairie, as its sole operating base. The distributor has signed a long-term lease for 12,818 square feet in the Class A industrial park, located one block east of State Highway 360.
“There was no down time between tenants. When a new space pops up, there’s always a lot of demand for it,” said Michael W. Spain, executive vice president and managing partner of Dallas-based Bradford Commercial Real Estate Services. The three-building project, totaling 91,854 square feet, is fully leased.
Dallas-Fort Worth is a key player in the growth of floorball in the nation, hosting the USA Cup competition each year. The 2017 Lonestar Invitation Floorball Tournament was held recently in the Elzie Odom Athletic Center in Arlington. The sport is on track to become an Olympics competition by 2024. This year, floorball will be part of the Special Olympics and World Games.
The game is similar to ball or floor hockey, emphasizing speed and skill more than strength. The first modern floorball game was held in Gothenburg, Sweden, in 1968. The game was played in the 1950s in Canada as ball hockey and in the United States as Cosom hockey. The International Floorball Foundation was founded in 1986 by Sweden, Finland and Switzerland, the first three countries to form associations. There are now 40 countries with associations. The U.S. association is headquartered in Nevada.
“We all had our eyes opened somewhat as to how big this sport is,” Spain said. “A lot of folks involved in this transaction had to be educated about floorball.” He and Bradford colleagues Brock Wilson, senior vice president and managing partner, and Joe Santaularia, first vice president, represent the landlord, Woodlands Business Center LLC.
Bob Gibbons of REATA Commercial Realty LLC represented FloorballPlanet, which has 3,700 square feet of office and showroom space at its new location. Launched in 2008 to promote the indoor hockey sport, FloorballPlanet sells sticks for all skill levels, balls, gear bags, apparel, blades, grips, goalie equipment and accessories for the biggest brands in the industry. www.floorballplanet.com
WILLIAMS TREW TO OPEN
ALEDO REAL ESTATE OFFICE
Williams Trew will open a 2,500-square-foot office in Aledo this summer, located at 405 FM 1187 South, Suite 400.
“This office will offer a superior location and is a statement of our commitment to serving Parker County and the surrounding area for many years to come,” said Ron Bergert, chief financial officer of the Ebby Halliday Companies, parent company of Williams Trew.
The Aledo location will be the home office for a team of Parker County real estate agents including Rees Atkins, Piper Pardue, Sabrina Coates, Jennifer Neel and Greg Tart. They will handle residential, commercial, and farm and ranch transactions in fast-growing Parker County.
VIRIDIAN DEVELOPMENT ADDS
MORE HOME SITES, PARKS
Viridian, the master-planned community in north Arlington, has opened several new home sites to the development.
The newest section, Savanna Park, opened in February and features 362 home sites. Water views and cul-de-sac properties are available, and builders are offering single-family homes priced from the $300,000s in the new neighborhood.
Many of the homes in Savanna Park face green space, with five parks being added to the extensive list of neighborhood parks already offered in Viridian. The parks include a linear green space that rear-alley homes face and Savanna Plaza, a 1-acre park designed for exercise and events.
Late last year, Viridian added 138 home sites in the Trinity Park neighborhood. Four new parks are also in Trinity Park, including two waterfront gathering spaces. Construction also began last year on a model home park where builders will showcase 16 new model homes, most of opening by April.
With this latest expansion, 1,732 homesites have been developed in Viridian, a project of Johnson Development Corp. Upon completion, the community will be home to about 5,000 families.
Thirteen builders offer homes priced from the $230,000s to more than $3 million in Viridian. They are CB JENI Homes, CastleRock Communities, David Weekley Homes, Drees Custom Homes, Grenadier Homes, Highland Homes, K. Hovnanian Homes, Normandy Homes, Plantation Homes, Windmiller Homes and custom builders Glendarroch Homes, Struhs Builders and Village Homes.
Viridian is one of the only master-planned communities in Texas designed to meet Audubon Gold Signature Standards. The 2,000-acre development offers 500 acres of open space and 500 acres of lakes, rivers, streams and wetlands.
CONSTRUCTON FIRM TO BUY
CONCRETE EXPERT TEALSTONE
Sterling Construction Co. Inc. of The Woodlands has signed an agreement to purchase Denton-based Tealstone Construction for about $85 million, subject to specified post-closing adjustments.
Sterling plans to finance the transaction through a combination of seller financing, common stock and new debt. The transaction is expected to close in the second quarter of 2017.
Tealstone serves commercial contractors and multi-family housing developers as well as national homebuilders in Texas and Oklahoma. It focuses on concrete construction of commercial buildings, elevated slabs, multi-family and residential housing foundations.
The acquisition gives Sterling a diversified revenue streams, a broader range of customers, operational synergies and expanded project opportunities. Tealstone gains the potential to expand into other regions where Sterling has a major presence.
“The acquisition of Tealstone is well aligned with our growth strategy and meets our criteria for expanding into adjacent markets while improving margins, and diversifying our revenue sources and customer base,” said Joe Cutillo, president of Sterling. “More specifically, we expect Tealstone’s expertise in concrete construction to enable us to increase our penetration into the Texas market for commercial projects by strengthening our ability to win attractive airport, parking garage and other non-heavy highway opportunities throughout the state. Additionally, we believe that this acquisition will allow us to enhance the profitability of our Texas road work given Tealstone’s unique capabilities in the construction of curbs, sidewalks and driveways, which are often a meaningful portion of the costs to complete roadway projects.”
Sterling is a heavy civil construction company that specializes in building and rebuilding transportation and water infrastructure in Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah and other states. Its transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail. Its water infrastructure projects include water, wastewater and storm drainage systems.
SALES
Hungs Enterprise LLC has sold the 35,917-square-foot Commonwealth Center office building at 4200 S. Cooper St., Arlington, to LG Arlington South Cooper. Judy Nitzinger of Coldwell Banker Commercial Advisors DFW represented the seller. Nathan Wood of CBRE represented the buyer.
LEASES
Ditech has leased 37,930 square feet at Mercantile Distribution, Building 9, 4700-4708 Mercantile Drive in Fort Worth. Blake Lloyd of CBRE–Fort Worth represented the landlord.
Kid to Kid has leased 24,744 square feet at 3500 S. Cooper St. in Arlington. Nick Talley of Bradford Commercial Real Estate Services–Fort Worth represented the landlord.
Premier Amusement has leased 23,988 square feet at 2318-2324 Pecan Court in Haltom City. Randall Haefli of Randall Management LLC represented the landlord.
Skyler Electric Co has leased 12,675 square feet at Westpark Distribution Center, 2001 Reliance Parkway in Bedford. Chris Bly of Proterra Properties Inc. represented the landlord in the transaction.
Painters USA Inc. has leased 8,170 square feet at 1340 Post & Paddock St. in Grand Prairie. Gil Stroube of Lincoln Property Co.–Dallas represented the landlord.
Texas Bats has leased 6,250 square feet at Westpark Distribution Center, 2001 Reliance Parkway in Bedford. Chris Bly of Proterra Properties Inc. represented the landlord
Armorstar has leased 6,200 square feet at Westpark Distribution Center, 2001 Reliance Parkway in Bedford. Chris Bly of Proterra Properties Inc. represented the landlord
Curtis Creation has leased 1,814 square feet at 2211 E. Continental Blvd. in Southlake. Stacy Stewart, Ronnie Cleaver and L.J. Cleaver of 4/Way Investments Inc. represented the landlord.
Tune Up The Manly Salon has leased 1,765 square feet at Colleyville Stampede Shopping Center, 4712 Colleyville Blvd. in Colleyville. Tey Tiner of CBRE | UCR Retail Advisors–DFW represented the landlord.
Gyro Stop has leased 1,600 square feet at Mansfield Town Center (East), 111 W. Debbie Lane in Mansfield. Bryan Dyer with The Woodmont Company-Fort Worth represented the landlord.
Rogers Capital Management has leased 1,500 square feet at 1615 Precinct Line Road in Hurst. Roger Smeltzer of Vision Commercial Real Estate represented the landlord.
Anew Business Solutions has subleased 30,000 square feet of warehouse space in 360 Mayfield Business Center, 3460 S. Watson Road, Arlington, from Invacare Corp. Michael W. Spain of Bradford Commercial Real Estate Services represented the sublessor. Shane Clark of PSC Consulting Services represented the sublessee.
International Solutions Inc. has renewed 4,762 square feet of office space in Governors Row, 2003 E. Lamar Blvd., Arlington. Beaux Riley of Coldwell Banker Commercial Advisors DFW represented the landlord, Bardin Investors, in the direct deal.
Send real estate news to Robert Francis at rfrancis@bizpress.net.