“Lonestar Popcorn store leased a 1,400 square feet space at Lonestar Pavilion at 3300 Grapevine Mills Parkway in Grapevine. The Retail Connection’s David Levinson represented the landlord and the tenant in negotiating the lease.”
Category: North Texas Deals & Announcements
World of Smoke & Vape Coming to Warren Plaza
“World of Smoke & Vape leased a 1,202 square feet space at Warren Plaza at 9351 Warren Parkway in Frisco. The Retail Connection’s David Levinson and Paul Cooke, III represented the landlord in negotiating the lease along with Javier Zablatt with The Weitzman Group who represented the tenant.”
Tri Global Energy Renews 16,012 SF at 17300 North Dallas Parkway
Tri Global Energy, LLC renewed 16,012 square feet at 17300 North Dallas Pkwy in Dallas, TX. Noah Burns represented the landlord, Hartman Income REIT.
PS Business Parks, Inc. Announces Acquisition of Port America in Texas
GLENDALE, Calif.–(BUSINESS WIRE)–Sep 1, 2021–PS Business Parks, Inc. (NYSE:PSB) announced today that it has completed the acquisition of Port America, a 717,735 square foot multi-tenant industrial park located in Dallas, Texas, for a total purchase price of $123.0 million.
Port America consists of 15 buildings with an average customer size of 8,000 square feet and was approximately 96% occupied at closing. The park is strategically located immediately adjacent to DFW International Airport on fee simple land. The park is uniquely positioned to provide institutional quality industrial space to small- and medium-size users seeking a premium location, 26-foot clear heights, ample dock loading, and access to key freeways serving DFW Airport and the Dallas Metroplex. The park is complementary to PSB’s existing Dallas, Texas, industrial and flex portfolio totaling 3.0 million square feet.
“Port America fits perfectly with our small bay industrial investment strategy. The combination of dock-served suites averaging 8,000 square feet, fee simple land in an irreplaceable location, and our best in class local operating platform should result in strong long-term growth for our stockholders,” said Mac Chandler, President and CEO of the Company. Click to read more at www.galvnews.com.