Andes Coil Processors, a leader in the steel processing and slitting industry, announced its expansion to Sylvania Industrial Park in Fort Worth. Sylvania Industrial Park, formerly the site of the American Manufacturing of Texas plant, was once a major manufacturing hub with thousands of workers producing billets and oil pump jacks. The manufacturing facility brings 30 to 50 new jobs and a $5 million capital investment to Fort Worth.

The company worked closely with CanTex Capital in the site selection process.

“Andes Coil Processors has experienced significant growth in the past 12 years in Lewisville, Dallas and Grand Prairie, and Fort Worth now adds significantly to that continued growth. Fort Worth offered the ease of access, a strong workforce, and quality of life we wanted for our team members. We can’t wait to get to work. We couldn’t be happier with our partnership with CanTex in the Sylvania Industrial complex, and with Fort Worth & Western Railroad,” said Andes Coil Processors President Howard Pena.

“Because of local partners like the Fort Worth Chamber and the Fort Worth and Western Railroad, we’ve been able to bring Andes Coil to Fort Worth.” said CanTex Capital COO Sam Cheema. “Rail-served properties are becoming harder and harder to come by, and FWWR worked diligently to make this deal happen. In addition to Andes, our team is very excited with all of the improvements at Sylvania Industrial Park. The manufacturing demand has been incredible and we’re seeing a lot of companies relocating to Fort Worth.”

Cushman & Wakefield renewed 2,145 square feet at 1521 N. Cooper St. in Arlington, TX. Matt Rothe with Cushman & Wakefield represented the tenant and Allison Fannin represented the landlord, Hartman Income REIT.

Marcus & Millichap announced the sale of Sherman Heights Land Development, a 13 acre multifamily zoned parcel of land located in Sherman.

David Fersing, Nick Fluellen and Bard Hoover, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, an out of state developer, was also secured and represented by Mr. Fersing, Mr. Fluellen and Mr. Hoover, will build a 250+ unit Class-A garden apartment community on the site. Sherman Heights Land Development is located at 1400 FM1417 in Sherman.

Resia (formerly known as AHS Residential) has closed on financing for Resia Dallas National, a 336-unit residential community located in Dallas. Fifth Third Bank and Pearlmark provided the construction financing for this project, which is one of several brand-new Resia developments as the company continues to develop throughout Texas. Resia Dallas National is located across from the Dallas National Golf Club. This is Resia’s first multifamily development in the Dallas-Ft. Worth market.

Resia Dallas National will deliver 336 units across eight three-story garden-style buildings. The project broke ground in December and is expected to be delivered in Q3 of 2023. Resia Dallas National will offer one-bedroom, two-bedroom, and three-bedroom floor plans. Apartments will feature modern finishes, stainless steel appliances, and in-unit laundry. Built with young professionals and families in mind, building amenities include assigned parking, business center, and a multipurpose clubhouse complete with a swimming pool and fitness center.

Resia is rapidly scaling up its development activities with the goal of delivering 8,000 new apartments annually by 2025. The company is on a mission to help solve the U.S. housing crisis by building quality apartments in growing metros where many renters are getting priced out by rising rents. A complete company rebranding, including a new name, was launched on May 26, 2022.

Transwestern Real Estate Services (TRS) announces US REO Fund, a Plano-based real estate investment firm, has selected Transwestern to provide leasing support for 7000 W. Plano Parkway, an 80,000-square-foot, two-story medical office building in Plano.

Formerly known as Plano Pediatric Medical Pavilion, the property will undergo landscape, lobby and common area renovations and rebrand as Prestonwood Medical Center targeting multiple medical specialties in addition to pediatrics. The building features an operational surgical center as well as gastroenterology practices on the first floor.

In addition to general pediatric specialties, the building formerly housed a sports medicine and orthopedic practice and a sleep apnea practice. Spaces ranging from 1,700 to 9,700 square feet are available across the entire second floor.

Built in 2005, Prestonwood Medical Center includes 6 per 1,000 parking and is directly across the street from Prestonwood Baptist Church and Hebron High School. With proximity to The Shops at Legacy, The Clubs of Prestonwood and large system medical campuses, the building offers physicians and patients nearby amenities that support daily operations.

According to Transwestern research, the Dallas-Fort Worth medical office market finished 2021 with positive momentum. Healthcare users continue to absorb space, bringing vacancy rates down to their lowest levels since 2018. As a result, rent growth has accelerated as tenants compete for a shrinking pool of available space. Triple net rents are up 4.1% from last year, nearly double the average growth rate.

Cushman & Wakefield has arranged a 24,616-square-foot lease for Godwin Bowman PC at the Ross Tower in downtown Dallas.

Ryan Hoopes and Tom Sutherland of Cushman & Wakefield represented the tenant in the lease negotiations. Hunter Lee, Luke Aviles, and Ben Cuzen provided in-house representation of the landlord, HPI Real Estate.

Godwin Bowman PC is a mid-size trial and appellate law firm that specializes in business litigation. The firm was previously located within the Renaissance Tower since 2002.