SVN / Trinity Advisors Closes on Two Recent Industrial Deals

FORT WORTH – December 13, 2017 – James Blake and Carl Brown with SVN / Trinity Advisors recently represented the seller in closing on Eden Drive Warehouse, located at 5955 Eden Drive in Haltom City, TX.  

The industrial property is a 25,600 SF manufacturing warehouse built in 1973 on 0.98 acres of land in Haltom City, TX. It includes an office and production area with grade level and dock high loading doors.  

Blake and Brown represented the seller, the Estate of Charles R. and JoAnn Lewis. Rockin R Realty represented the buyer, ECD9S Properties LLC.   

“Since the market is hot right now for DFW industrial leasing, and the mid-cities area is one of the prime areas that industrial leasing is taking place, this property was in high demand,” Blake said. 

SVN / Trinity Advisor Steve Fithian represented the buyer of an industrial flex building with seven tenants at 1101-1121 Cornell Parkway in Oklahoma City, OK.

The industrial property is a 41,720 SF industrial flex building on 2.57 acres of land with 12 grade level doors and one dock high door. 

Fithian represented the buyer, OKWI, LLC, which is a partnership organized by Fithian to purchase quality investment properties for its partners. David Cook with SVN David Cook, LLC represented the seller. 

“This property is located in one of the best industrial areas in the Oklahoma Metro area and not far from where three major interstates cross,” Fithian said. “After looking at the financials and the occupancy rates, it quickly became apparent this was a fantastic investment opportunity.” 

SVN / Trinity Advisors is a full-service real estate investment and Accredited Management Company in Fort Worth, specializing in brokerage, leasing, consulting and property management throughout the Dallas / Fort Worth area. For more information, visit http://svntrinity.com.   

Rebekah Moore | Office Manager & Marketing Director

SVN | Trinity Advisors – An ACCREDITED MANAGEMENT ORGANIZATION® Firm
3000 Race Street, Ste. 100, Fort Worth, TX 76111 
Office 817.288.5525 | Fax 817.288.5585
Direct 817.288.5506 
rebekah.moore@svn.com | http://svntrinity.com

Fortune 500 Tenant Inks 28k SF Lease at Westridge Center

An undisclosed, NYSE traded/Fortune 500 tenant signed a new 27,574-square-foot lease at Westridge Center at 2020 Westridge Dr. in Irving. The tenant, a leader in the facility services industry, was represented by Fritsche Anderson’s Mike Quinn and Site Selection Group’s Lee Wagner. The landlord was represented by Carter Crow and Todd Jones at Younger Partners, which was brought on by asset management firm, ProEquity Asset Management, who has recently expanded into Texas.

For further information, please contact:

Tonie Auer
214.294.4406
14643 DALLAS PARKWAY, SUITE 950 LB #58
DALLAS, TX 75254
Tonie.Auer@youngerpartners.com

Greystar gearing up to deliver on two high-profile Dallas developments

Two long-awaited developments in some of Dallas’ hottest neighborhoods are expected to finally get underway next year by Charleston-based Greystar after years of gathering input from the community.

Construction isn’t quite ready to begin on the next phase of the Elan City Lights community near Live Oak and Texas streets or the proposed Forestwood community at Inwood Road and Forest Lane, but Greystar is gearing up to begin construction on the two Dallas projects in 2018.

Click to read more at Dallas Business Journal.

Seritage, KDC to develop 1M SF high-rise office campus at Dallas Midtown

Dallas Midtown could begin taking shape in the next few years, with New York City-based Seritage Growth Properties (NYSE: SRG) and Dallas-based KDCreadying a 23-acre tract in North Texas for up to 1 million square feet of new office space.

The office campus will span two Class A office towers and will be part of a much-larger corporate magnet, which will include a hotel, apartment communities, as well as entertainment and retail space. Upon completion, the mixed-use project will replace the vacant Sears department store near the high-profile intersection of Preston Road and LBJ Freeway in North Dallas.

Click to read more at Dallas Business Journal. 

California food manufacturer to build new $70M hub in DFW

Irvine, California-based Golden State Foods Corp. plans to open a new $70 million manufacturing and distribution facility in North Texas to expand its liquid products division, bringing at least 150 new jobs to the region.

The soon-to-be built 160,000-square-foot facility at 5501 Vantage Drive at Highpoint Business Park in Burleson will help bolster Golden State Foods’ distribution capabilities to more than 125,000 restaurants and stores throughout the globe.

For building the facility in the Lone Star state and creating at least 150 jobs, the company received a Texas Enterprise Fund grant totaling $900,000. The new facility is expected to cost at least $70 million, fulfilling an investment requirement for the grant.

Click to read more at Dallas Business Journal. 

Partnership to develop new luxury harbor-side community in Rockwall

A newly formed joint venture partnership — Dallas-based Atticus Real Estate and Agoura Hills, California-based AMCAL Equities LLC — plans to begin construction by the end of the month on a luxury community near the harbor of Lake Ray Hubbard in Rockwall.

Upon completion, the four-story, 228-unit apartment community, called Harbor Urban Center Apartments, will sit on a 2.14-acre tract at the southeast corner of Summer Lee Drive and Horizon Road, just south of Interstate 30, in Rockwall.

The site is one of the last remaining tracts zoned for apartments in the Rockwall Harbor neighborhood.

Click to read more at Dallas Business Journal.