Fort Worth Business obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm.

Jackson-Shaw to develop Irving industrial park

Irving is the location for a newly announced industrial park under development by Jackson-Shaw and real estate manager Clarion Partners.

When it opens in the fourth quarter of 2016, Parc GSW will offer 682,491 square feet of industrial space on 50 acres in the 7,000-acre Great Southwest Industrial District. The development will feature two buildings for users requiring spaces from 100,000 square feet to 682,491 square feet.

“Opportunities for development are limited in GSW [the Great Southwest district], and we believe this is an appropriate time to develop an industrial park between two major urban areas,” said Jason Nunley, vice president of development for Jackson-Shaw, a Dallas-based real estate development firm, commenting in a news release.

Brett Owens, John Brewer and Ben Phillips of Transwestern plan to lease the property to industrial users.

The first building, known as building A, will be located at 4931 Conflans Road and will include 450,800 square feet and offer 36-foot clear heights, 255 parking spaces, 96 dock-high doors, 185-foot truck court and two drive-in doors. Building B, at 4921 Conflans Road, will offer 232,500 square feet with 32-foot clear heights, 109 parking spaces, 38 dock-high doors and a front-load configuration.

RAINDROP TURKISH HOUSE

BUYS CENTRAL ARLINGTON SITE

Raindrop Turkish House, a nonprofit charitable and cultural agency, has purchased part of a former high school in central Arlington from Central Arlington Redevelopment Group, a private investor group formed to promote the city's economic growth.

When constructed in the mid-1950s, the 6,624-square-foot building at 602 E. South St. served as an elementary school wing for the former Arlington High School. It was later razed and redeveloped as the headquarters of the Arlington Chamber of Commerce.

The seller acquired the property in May 2007 and invested almost $400,000 into modernizing the structure and leasing space for new tenants, hoping to stimulate investment interest in central Arlington.

"We wanted this group to be a catalyst for downtown redevelopment. We didn't invest to get a huge return," said Gary Walker, managing principal of Coldwell Banker Commercial Alliance DFW and a lead investor in the selling entity, commenting in a news release.

Houston-based Raindrop Turkish House previously leased a site at 2102 W. Pioneer Parkway in Pantego. The organization, formed in 2000, also has locations in Richardson and nine other Texas cities, as well as centers in Arkansas, Kansas, Mississippi, New Mexico and Oklahoma.

The single-story South Street building occupies a 0.8-acre tract with a fenced backyard. It is located within blocks of the University of Texas at Arlington.

"This was a challenging investment, but one of the fund's objectives was to stimulate the vibrancy and culture of the area. Raindrop Turkish House will be a good addition and will draw a lot of new visitors to the downtown," Walker said.

SALES

710 S. Main St. in Fort Worth has been sold for redevelopment. M2G Ventures in Fort Worth plans to transform the 17,500-square-foot building into a mixed-use development. Will Northern of Northern Realty Group represented the seller, Tarrant Services Inc. Northern also represented the buyer.

LEASES

Chipotle has leased 3,080 square feet at 1519-1525 W. Rosedale St. in Fort Worth. Thad Beckner of CBRE | UCR Retail Advisors-DFW represented the landlord.

Raindrop has leased 2,970 square feet at 6801 S. Hulen St. in Fort Worth. Blake Lloyd of CBRE-Fort Worth represented the landlord.

The Last World Bookstore has leased 2,700 square feet at 615 S. Jennings Ave. in Fort Worth. Dawn Potthoff of Coldwell Banker Commercial NRT represented the landlord.

May Group International has leased 138,000 square feet at 1200 Forum Way S., Building 1 in Fort Worth. Theron Bryant of Coldwell Banker Commercial Alliance DFW represented the landlord.

Springs has leased 8,669 square feet at Woodland Village, 12400-12421 Timberland Blvd. in Fort Worth. Chris Corbin and Michael Dearden of Venture Commercial-DFW represented the landlord.

AAD Press Exchange has leased 2,000 square feet at 3200 Curtis Drive in Fort Worth. Ed Runyon of WFR Properties represented the landlord.

Tobacco Store has leased 1,950 square feet at Oakland Corners, 4109-4123 E. Lancaster Ave. in Fort Worth. Rita Singleton of Haydn Cutler Co. represented the landlord.

Ice Cream Store has leased 1,505 square feet at Mansfield Shopping Center, 960 N. Walnut Creek Drive in Mansfield. Rita Singleton of Haydn Cutler Co. represented the landlord.

Karate of Mansfield has leased 2,226 square feet at Holland Street Plaza, 717 N. Holland Road in Mansfield. Michael Berkowitz of Colonial Commercial Real Estate LLC represented the landlord.

DC Dent Center has leased 25,500 square feet at 1909 W. Pleasant Ridge Road in Arlington. Britton Lankford and Blake Davis of Bright Realty Brokerage LLC represented the landlord.

General Assembly has leased 6,615 square feet at 1011 Oakmead Drive in Arlington. Eric Anderson of Coldwell Banker Commercial Alliance DFW represented the tenant. Jim Hazard and Brad Struck of E. Smith Realty Partners represented the landlord.

RM Cooper Lighting Etc. has leased 3,780 square feet at 2410 Minnis Drive in Haltom City. Ed Runyon of WFR Properties represented the landlord.

Headliner Customs has leased 2,019 square feet at Dogwood Park, 7354-7468 Dogwood Park in Richland Hills. Todd Hubbard and Michael Newsome of NAI Robert Lynn represented the landlord.

Cendera Funding has leased 2,000 square feet at 414 N. Main St. in Grapevine. Ruben Reynoso and Josh Bryan of Tenant Real Estate Advisors represented the landlord.

United Exploration has leased 1,500 square feet at 414 N. Main St. in Grapevine. Ruben Reynoso and Josh Bryan of Tenant Real Estate Advisors represented the landlord.

D&H United Fueling Solutions Inc. has renewed its lease for 11,275 square feet of warehouse space in Westfork Business Center, Building 1, at 1475 Avenue S in Grand Prairie from DCT-TX 2004 RN Portfolio LLP. Michael W. Spain and Jim Ferris of Bradford Commercial Real Estate Services represented the landlord. Steve Koldyke of CBRE Inc. represented the tenant.

Professional Packaging Systems Inc. has leased 101,839 square feet at 1905 110th St. in Grand Prairie. Cannon Green and Luke Davis of Stream Realty Partners represented Professional Packaging. CBRE Inc. represented the landlord.

Love’s Travel Stops & Country Stores Inc. has leased 94,689 square feet at RiverPoint Commerce Center at 3010 Roy Orr Blvd. in Grand Prairie. Cannon Green and Sarah Ozanne of Stream Realty Partners represented the landlord, RiverPoint Industrial Investors LLC. Colliers International represented the tenant.

Valley Truck Parts & HME Inc. have leased 12,800 square feet at Trinity West Business Park, Building 1, 2550 114th St. in Grand Prairie. Michael Spain and Jim Ferris of Bradford Commercial Real Estate Services represented the landlord.

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