Industrial Announcements

Dallas, TX:  (CONSTRUCTION) Frisco Station developer VanTrust Real Estate is planning a 2.5 million SF  industrial complex on 150 acres on Dallas Avenue just south of I-20.  First up are two spec building including 900,000 SF and 150,000 SF.  This is VanTrust’s first industrial deal in Dallas.

Fort Worth, TX:  (SALE)  An undisclosed North Texas investor purchased Riverbend Center, a four-building industrial complex totaling 188,355 SF at 2301-2435 Gravel Drive & 7401-7445 Pebble Drive.  Todd Lambeth of Colliers International represented the buyer and Jeff Givens of Transwestern represented the seller.

Irving,TX:  (LEASE)  Hilti Inc is the first tenant at Parc Royal, a 30-acre complex located  on West Royal Lane.  They have leased  65,000 SF  from Jackson-Shaw, represented by Blake Kendrick of Stream Realty Partners.  Hilti was represented by Forshey Hoobler of JLL.

North Richland Hills, TX:  (SALE) Fort Worth-based Frank Kent Motor Company purchased a 125,000 SF facility to server as HQ for SW ADI, its General Motors accessory distribution business.  The property is located at 65550 Wiliger Way .