EL PASO, Texas – May 16, 2016 – CBRE announces that MAHLE Behr Troy Inc, a leading global development partner for the automotive and engine industry, has signed a long-term, 153,000-square-foot lease at 41 Butterfield Trail in El Paso, Texas.
Anthony Mash, with CBRE’s Industrial & Logistics division in El Paso, represented MAHLE in lease negotiations.
The new location will be used to support MAHLE’s distribution of automotive components manufactured in Ciudad Juárez, Mexico.
According to CBRE Research, the El Paso industrial market was 8.4 percent vacant at the end of Q1 2016.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
(Dallas, Texas) – Matthew G. Smith, Vice President of ML Realty Partners LLC, is pleased to announce that JT Samford has joined the firm as Acquisition Associate. Samford will coordinate acquisition of existing industrial facilities, redevelopment opportunities and development sites for ML Realty Partners in the Dallas/Fort Worth market.
“We are excited to have JT join the ML Realty Partners team,” said Smith. “His determination and resourcefulness will be very beneficial for the firm.”
Samford was previously employed with Younger Partners as an industrial real estate broker. He is a graduate of University of Arkansas where he received a Bachelor of Science degree in Business Administration.
About ML Realty Partners LLC
ML Realty Partners is a long-term real estate investor who focuses on both the acquisition and development of industrial real estate in the Central United States.
Fort Worth-based Quorum International, a manufacturer of light fixtures and accessories, has decided to expand its North Texas headquarters and distribution center within an industrial park to accommodate its growing business.
Three-Bldg. Office Complex Changes Hands in North Dallas
Adler Realty Investments sold The Forum at Beltline office complex in Addison, TX to tenants-in-common CIG Skillman and Symphony Commercial in a crossover 1031-exchange. Financial terms were not disclosed.
The Forum at Beltline is a three-building, 205,771-square-foot complex located at 4002-4006 Belt Line Rd. roughly 1.5 miles west of the Dallas North Tollway and 2.4 miles north of I-635 in the Quorum/Bent Tree submarket.
Completed in 1983, The Forum at Beltline is 94% leased to a tenant roster that includes Nerium International, Fitz Group Management, Vericlaim and MJD Architects, among others.
Ron Hebert and Michael Lawrence of Marcus & Millichap’s Newport Beach, CA office coordinated the disposition on behalf of the seller.
With 3.2M SF underway, developer to expand large South Dallas business park – Dallas Business JournalWith 3.2M SF underway, developer to expand large South Dallas business park – Dallas Business Journal
Mountain Creek Business Park — a nearly 700-acre industrial business park in South Dallas — is expected to get a little bigger with a land acquisition this summer.