Transwestern Real Estate Services is the exclusive sales agent for Winfield Place, a 33,064-square-foot, three-story office building at 210 E. 8th Street in downtown Fort Worth. Transwestern principal, Kirk Kelly, represents the property owner, Left Deep Left LP. Originally constructed in 1919 as Fort Worth’s first parking garage, intended for what was the Winfield Hotel, the space has since gone through nearly $7 million in renovations to convert the 101-year-old building into an open, modern office environment. “Winfield Place presents a rare opportunity to purchase a fully renovated and iconic office building,” said Kelly. “The property is ideal for an investor or user that is looking for a plug-and-play office opportunity, and it is well-suited for a single or multiple tenants.” The showpiece of the original building was the car lift that once transported vehicles to each level of the garage. After undergoing renovations in 2016, the space was transformed into an operational elevator serving as a glassed-in conference or board room that allows tenants to utilize the meeting space on each floor with the press of a button. The extensive conservation goals during the renovation earned the building the Preservation Award in 2017 by the Historic Fort Worth Association. “The labor force in Fort Worth grew by 30.2 percent during the past nine years, 4.4 times faster than the 6.9 percent growth rate of the national labor force,” said Kelly. “This locally listed historic landmark is a great opportunity for a company to call this area home and continue the legacy of the building for years to come.” According to Transwestern’s second quarter submarket report, the Fort Worth Central Business District is expected to remain relatively stable in the long term due to high-quality space for users throughout the broader Fort Worth office market.

Logistics Property Company, LLC (LPC) is on schedule to deliver Southport Logistics Park, Building 3 (Southport 3) in the City of Wilmer, Texas, in Q2 2021. Southport 3 comprises one speculative, state-of-the-art, Class A distribution facility totaling more than 1 million square feet—expandable to 1.2 million square feet. At full build-out, Southport Logistics Park will house over 3.55 million square feet of Class A industrial space. It is located within a 252-acre, master-planned logistics destination in the South Dallas submarket of Dallas-Fort Worth (DFW). Well-known corporate neighbors in the industrial park include an operating subsidiary of a Fortune 100 e-commerce retailer, and an iconic American consumer packaged goods manufacturer. “2020 has continued to attract new tenants to the South Dallas submarket, as the overall DFW population increased due to corporate business relocations,” said Kent Newsom, LPC’s executive vice president – south region. “Southport 3 is strategically positioned to take advantage of the increase in e-commerce demand combined with the lack of 1 million square foot competition in the market.” Located immediately east of Interstate 45 and the Union Pacific Intermodal, five miles south of Interstate 20 and three miles south of the second busiest FedEx Ground hub in the U.S., Southport offers tenants a premier logistics location within DFW. “This site allows for a single building of 1 to 1.2 million square feet,” said Kacy Jones, senior vice president, CBRE Dallas-Fort Worth. “It also boasts 40-foot clear height, room for more than 300 trailer parking spaces and over 650 car parking spaces.” The land available for potential expansion doubles as additional car and/or trailer parking for large e-commerce users. Moreover, the attractive financial incentives of the Tax Increment Reinvestment Zone (TIRZ) combined with LPC’s solid build-to-suit track record position this opportunity as one that will not last.

TEXARKANA — TexAmericas Center has upgraded its website on Thursday to provide a depth of information that could be valuable to business owners, site selectors and commercial listing agents evaluating locations. The website, in addition to a more user-friendly and intuitive interface, integrates with RealMassive, a real estate database provider, and ZoomProspector, a leading commercial real eastate data portal, according to a TexAmericas Center press release. Site selectors are used to culling multiple sources to identify, vet, and eventually select the ideal location for business establishment or expansion. Businesses have different goals for projects which can require weighing variables like cost per square foot, utilities, labor markets, tax rates, incentives, transportation, and cost of living. The press release states that the new TexAmericas Center website is designed to offer a single resource for more of these critical data points. The new website provides visitors with an overview of Texarkana a 75-mile, four-state (Texas, Arkansas, Louisiana and Oklahoma) region — as well as a robust database of TAC’s commercial property listings. The Property Search Database integrates listing information with economic and community data via RealMassive and ZoomProspector including regional demographics, laborshed, and industry concentrations. The aggregation of this information allows site selectors to view a variety of data points in one resource. This streamlines the initial process, after which the TAC real estate development professionals can offer more customized information, reports, and solutions for businesses. Click to read more at www.texarcanagazette.com.

Marcus & Millichap facilitated the sale of a 12,600-square-foot property net-leased to Caliber Collision in Rockwall, TX, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $2,305,000. Andrew P. Antoniou, associate, and Dominic Sulo, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The Sulo Group of Marcus & Millichap cooperated with an outside broker to procure the buyer. Tim Speck assisted in closing this transaction as broker of record in Texas. The property is located at 4538 TX-276 in Rockwall, which is in the Dallas Metropolitan Statistical Area. The property lease has a corporate guarantee from the top-three collision repair provider.