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. 

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. 

Dallas-based StreetLights Residential and Dallas-based Westdale Real Estate Investment and Management have completed construction on the tallest building in Deep Ellum, which brings new luxury living options to the historic neighborhood.

The 17-story, 337-unit luxury apartment tower at 3131 Main St. near Hall and Main streets in Deep Ellum gives the historic Dallas neighborhood its first high-rise community.

The idea behind the two-year-old project was to create an authentic community reflecting the Deep Ellum neighborhood, said StreetLights CEO Doug Chesnut.

Click to read more at Dallas Business Journal.

An Irving office tower in Las Colinas has sold to a new investor with the help of equity from Hong Kong and Honolulu, giving the limited liability company a stable, in-place cash flow.

Canal Centre Investors LLC, which includes equity from a 1031 exchange from a property sale in Hawaii, acquired Canal Centre for an undisclosed sum. The 10-story, 237,894-square-foot office tower is located at 400 E. Las Colinas Blvd. in Irving.

According to the Dallas Central Appraisal District, the building was last valued at $32.6 million. The property also includes an adjacent six-story parking garage.

Click to read more at Dallas Business Journal. 

Dallas, TX — 12/1/17 — DFW Lee & Associates, one of the largest privately owned national real estate firms, has completed a new lease transaction for a 21,923 square foot industrial space located at 1461 S Belt Line Rd, Coppell, TX 75019.

Corbin Blount of Lee & Associates Dallas/ Fort Worth represented the tenant, Trelleborg Wheel Systems America, and the landlord, Columbia Texas Beltline Industrial, LLC was represented by Michael Peinado and Gil Stroube of Lincoln Property Company.

Trelleborg Wheel Systems operation is part of the Trelleborg Group. It is a global supplier of tires and complete wheels for agricultural and forestry machines, fork-lift trucks and other material-handling equipment. The company provides highly specialized solutions, to create added value for customers.

Lee & Associates is the largest broker-owned firm in North America with 57 locations across the United States. With more than 850 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level.  Lee & Associates Dallas/Fort Worth was established in 2006 and is focused on the vibrant and rapidly growing DFW Metroplex. We provide superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients.  For the latest news from Lee & Associates, visit leedallas.com or follow us on Facebook, LinkedIn,  and Link our company blog.