Transwestern Commercial Services (TCS) on Oct. 7 announced it negotiated the sale of Arlington Center, a 175,537-square-foot property fully leased to Lockheed Martin Corp. TCS Managing Director Steve Simon and Senior Vice President Steve Rowland represented the seller in the transaction. An undisclosed buyer acquired the property at 4501 New York Ave. in Arlington, for an undisclosed amount.
“This was a compelling opportunity to acquire a single-tenant, net-leased property with a high-credit tenant that had just entered a new, long-term lease,” said Simon. “Arlington Center is well-positioned for long-term success with convenient access to two major thoroughfares and proximity to an extensive labor pool throughout the Dallas-Fort Worth metroplex.”
Located at the intersection of Interstate 20 and Highway 360, Arlington Center is centrally located between Dallas and Fort Worth.