Former Bombay HQ

550 Bailey was sold recently. 

The Bombay Co.’s former Fort Worth headquarters building has been sold, with private equity fund Diversified International Partners snapping up the seven-story, 122,828-square-foot structure at 550 Bailey St.

The property includes an adjacent multi-level parking garage and surface parking, which has an overall parking ratio of 3.5 per 1,000 net rentable square feet.

Transwestern Investment Group, on behalf of Diversified International Partners, purchased the asset for an undisclosed price. Gary Carr, John Alvarado, Eric Mackey and Robert Hill, with CBRE Group Inc.’s Dallas office investment group, represented the anonymous seller.

Christopher Mann mannphoto@me.c

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

Fort Worth roofing contractor buys expansion site

Ramon Franklin LLC of Fort Worth has acquired a three-building office-warehouse property from Chapel Heights Properties LP to expand its commercial roofing and architectural sheet metal business.

The property, located at 117 Roberts Cut Off Road in west Fort Worth, will undergo interior and exterior upgrades in the next three months, according to the buyer's broker, Theron Bryant of Coldwell Banker Commercial Alliance DFW. The trio of buildings – a former residential home and two metal warehouses – totals 15,500 square feet on a single-acre fenced tract.

"This is an up-and-coming area that's beginning to see a significant amount of new residential development and numerous commercial properties being redeveloped," said Bryant in a news release.

Bryant partnered with Casey Tounget, also with CBC Alliance DFW, to negotiate the purchase. Representing the seller was Dale Erwin of Keller Williams Commercial.

Ramon Franklin was seeking potential locations in west Fort Worth when the CBC Alliance DFW team noticed the commercial site.

"When they toured it, they knew it met their needs," Bryant added.

The property was developed in 1970 for single-family use. Its zoning classification later was changed to commercial.

Ramon Franklin's operations currently are located at 3027 Ramona Drive, about four miles southeast of Roberts Cut Off Road. Only the commercial group will relocate.

Arioso Apartments

In Grand Prairie sold

Arioso Apartments in Grand Prairie has been sold to The Hayman Co. The 288-unit property is located at 3030 Claremont Drive in Grand Prairie, near the intersection of Interstate 20 and Texas 360.

The seller, JPI, was advised in the transaction by Will Balthrope and Drew Kile with Institutional Property Advisors, a division of Marcus & Millichap Real Estate Services Inc.

Irving-based JPI develops, buildings and serves as investment manager of Class A multifamily assets nationwide. The Hayman Co., based in Michigan, is a privately owned commercial real estate organization.

Constructed in 2007 on 13.5 acres, the apartment complex offers nine floor plans and 52 condominium-quality townhomes. The average unit size is 976 square feet.

Weir’s Furniture expands

showrooms in 3 area stores

Weir’s Furniture is expanding its Southlake, Plano and Farmers Branch retail showrooms by about 27,000 square feet.

The three outlet locations each have rearranged existing space to open additional room for their customers.

The Southlake and Plano stores each will add almost 5,500 square feet, with Farmers Branch expanding by about 16,000 square feet.

The additional space will allow the retailer to offer more selection while reorganizing product categories to better serve shoppers, according to a company news release.

Irving, Flower Mound gain

industrial warehouse space

Irving and Flower Mound boast new industrial warehouses thanks to newly completed facilities by McKinney-based MYCON General Contractors.

In Irving, Parc Royal spans four buildings at 3700 W. Royal Lane. And in Flower Mound, Lakeside Ridge Distribution Center offers one building at 1201 Lakeside Parkway and another at 501 Gerault Road.

“Owners and developers today are seeking strong project teams that can move quickly and cost-effectively to build these new industrial facilities,” said John Riggins, vice president of office and industrial for MYCON, commenting in a news release.

“With the growth in the North Texas region, we anticipate continued construction activity over the next several years in this market niche,” Riggins said.

Parc Royal is a 511,600-square-foot, master-planned industrial park on a 30-acre tract. The design-build project team included developer Jackson-Shaw, GSR Andrade Architects Inc., civil engineer Halff Associates Inc. and MYCON General Contractors.

Lakeside Ridge Distribution Center comprises two tilt-wall buildings featuring office and warehouse space with combined square footage of 453,300 square feet. Both projects were completed in fewer than 9 months, according to Riggins. The project team included owner-developer Crow Holdings, construction manager Pritchard Associates, AZIMUTH Architecture, civil engineer Pacheco Koch and MYCON General Contractors.

Medical office building

planned for Mansfield

About one acre has been purchased in Mansfield for a 9,000-square-foot medical office building at 951 Matlock Road. The name of the local buyer was not specified. Jim Turano of Henry S. Miller Brokerage’s office division represented the buyer. The seller, Oaks #9 Partners Ltd., was represented by Ryan Dodson.

Sales

Venice Ltd. has sold the 33,979-square-foot Northridge Court Shopping Center on nearly 2.3 acres at 2741 E. Belt Line Road in Carrollton to Zimmerman Enterprises LLC. Representing the seller were Leigh C. Richter and Kevin J. Santaularia of Bradford Commercial Real Estate Services. Evan Bloom of Street Commercial LLC represented the buyer.

Leases

MSC Industrial Direct Co. Inc. has leased 14,685 square feet at RiverPark Business Center, building A, 15600 Trinity Blvd. in Fort Worth, according to Xceligent Inc. The tenant was represented by Allen Gump of Colliers International (USA)-Dallas. Representing the landlord were Will Dillard and Michael Spain of Bradford Commercial Real Estate Services-GSW Office.

Ben Hogan Golf Equipment Co. has leased 33,307 square feet at 685 John B. Sias Memorial Parkway in Fort Worth, according to Xceligent Inc. Michael Newsome of NAI Robert Lynn represented the tenant. Ryan Wood of Conti Warehouses represented the landlord.

Furniture Bazaar has leased 8,180 square feet at 3101-3125 E. Seminary Drive in Fort Worth, according to Xceligent Inc. Norman Hoppenstein of Hoppenstein Properties Inc. represented the landlord.

Dr. Bruce Wang has renewed a lease for 1,804 square feet of office space in Arlington Oaks, 331 Osler St. in Arlington. Judy Nitzinger of Coldwell Banker Commercial Alliance DFW represented the landlord, One Oak Over the Line, in the direct deal.

Knomadix Corp. has leased 1,186 square feet of office space in Preston Park Financial Center, 4965 Preston Park Blvd. in Plano. Representing the tenant was Bill Jordan of Grady Jordan & Co. Realtors. Clint Madison, Rodney Helm and Alexandra Jennings of DTZ represented the landlords, Griffin Partners and Stockbridge.

Encore Automotive Acceptance Corp. has leased 4,637 square feet of office space in Preston Park Financial Center, 4965 Preston Park Blvd. in Plano. Bruce Hecht of Swearingen Realty Group represented the tenant. Clint Madison, Rodney Helm and Alexandra Jennings of DTZ represented the landlords, Griffin Partners and Stockbridge.

MI Windows & Doors has leased 401,600 square feet at DFW Airport North Distribution Center in Flower Mound, according to Xceligent Inc. Blake Kendrick and Luke Davis of Stream Realty Partners LP-Dallas represented the tenant. Steve Meyer of Huntington Industrial Partners represented the landlord.

Rogue Valley Microdevices Inc. has leased 5,000 square feet at 3426-3442 Dalworth St. in Arlington, according to Xceligent Inc. The tenant was represented by Phillip Rosenfeld of Colliers International (USA)-Dallas. Representing the landlord were Will Dillard and Michael Spain of Bradford Commercial Real Estate Services-GSW Office.

The Mattress Gallery has leased 4,000 square feet at Melbourne Place, 1212-1220 Melbourne Road in Hurst, according to Xceligent Inc. James Blake of Sperry Van Ness-Summit Commercial Realty represented the landlord.

PetroData Business Systems has leased 2,164 square feet at Chase Bank Center, 1301 S. Bowen Road in Arlington, according to Xceligent Inc. Larry Denisoff of The Weitzman Group-Dallas represented the tenant. Beaux Riley of Coldwell Banker Commercial Alliance-DFW represented the landlord.

StateServ Cos. has leased 1,625 square feet at Post & Paddock Place, building 4, 1000 Post & Paddock St. in Grand Prairie, according to Xceligent Inc. Mark Graybill of Lee & Associates-Dallas represented the tenant. Chris Mendez of Coldwell Banker Commercial Alliance-DFW represented the landlord.

Growing Gone has leased 5,955 square feet at Mayfair Village, 500-754 Grapevine Highway in Hurst, according to Xceligent Inc. Rob Murphy of Phillips Edison & Co. represented the landlord.

Recoja Charitable Productions has leased 4,819 square feet at 6702 Davis Blvd. in North Richland Hills, according to Xceligent Inc. Patricia Lopez of OneSearch represented the landlord.

Send real estate news to lgraham@bizpress.net

(2) comments

aaronmca1978

This article talks about how several roofing contractors and businesses have leased/purchased property through Xceligent Inc, a real estate firm. it began with Ramon Franklin LLC of Fort Worth buying property and buildings to expand the companies' commercial operations. The article went to discuss the details of 6-8 other businesses purchasing property and/or buildings and the groups representing the landlords.

dubtil

Metal roofing is also known for its vast longevity, lasting 2-3 times longer than asphalt shingles. Metal roofing is also made of entirely recyclable, non-toxic materials, which make them very eco-friendly and unlikely for them to end up in landfill. Metal roofing is one of the most energy efficient options for roofs. The roofing contractors st charles mo are perfect for cases like this. As far as initial cash investment, generally, no. However, are there situations where, based upon the quality of metal roof you buy and also based upon not having to remove the old shingles and re-deck the roof, you may be able to put on a metal roof for less than the cost of shingles? Yes, there are.

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.