Tag: Fort Worth

519,905-square-foot industrial park in Fort Worth sells to Westcore

Posted on by Mia Goulart

Stream Realty Partners brokered the sale of a 519,905-square-foot industrial park in Fort Worth to a San Diego-based industrial real estate acquisition, development, and asset management firm.

Westcore purchased Railhead Business Station, a four-building campus at 401, 500, 600, and 800 Railhead Road, from a global real estate investment management firm. The project was fully leased to 11 tenants at the time of the sale. The price was undisclosed.

Stream, a national commercial real estate firm offering an integrated platform of services, represented the seller in the transaction. Seth Koschak and Matteson Hamilton, executive managing directors and partners of Stream’s Industrial Capital Markets group–along with Senior Vice President Forrest Cook, Vice President Jeff Rein, Senior Analyst Lee Belland III, Financial Analyst Trey Mahla, and Senior Production Coordinator Haili Rumsey–were involved in the sale. Westcore represented itself.

Railhead Business Station, in the highly coveted infill submarket of Meacham/Fossil Creek in North Fort Worth, is just a few miles north of the Central Business District. The multi-tenant buildings possess a roster of regional and national tenants. Additionally, the project provides immediate access to Interstates 820 and 35W and sits in an enterprise zone offering triple freeport tax abatements.

Sale of super regional retail center in DFW area closes

Posted on by Mia Goulart

JLL Capital Markets has closed the sale of Eastchase Market, a 261,730-square-foot retail center located in Fort Worth, Texas.

JLL represented the seller in this transaction.

Built in 1995, Eastchase Market is 91.9% occupied and features a WALT of 5.3 years. Anchor tenants include AMC Theatres, Ross Dress for Less, Spec’s, Big Lots, Harbor Freight Tools and Marshalls. Additionally, the center benefits from its shadow anchors, Target and Aldi. The property has received approximately three million visitors over past 12 months.

Situated at 1600 Eastchase Parkway, the property is strategically positioned along Interstate 30, one of the largest east-west thoroughfares in DFW, providing excellent visibility to nearly 150,00 VPD and unmatched access to the entire DFW Metroplex. Together, with Dallas and Arlington, Fort Worth contributes to the fourth largest MSA, totaling 7.6 million consumers. In addition, within a five-mile radius of the center is a population of 252,400, 8.5 million square feet of office inventory, 41,600 multi-housing units, 99,000 households and $5.7 billion in spending power.

The JLL Retail Capital Markets team was led by Senior Managing Director Adam Howells, Senior Managing Director Barry Brown and Analyst Cole Sutter.

Woodmont breaks ground on retail center in Fort Worth

Posted on by Mia Goulart

The Woodmont Company is thrilled to announce the beginning of construction for Berkshire Corner at 9937 Blue Mound Road, a highly anticipated 12,002 square-foot shopping center in Fort Worth. Held on June 22nd, the ground breaking ceremony marked a significant milestone for the development and showcased the exciting future ahead for the community.

Berkshire Corner is poised to become a vibrant hub of commerce, featuring establishments such as Jersey Mike’s Subs, Blue Mound Nail Spa, Blue Mound Liquor, Mynt Barbershop, and ProSmiles Dental; leases negotiated by Woodmont agents Jake McCoy and Jack Mock. The successful groundbreaking ceremony signifies the start of construction for Berkshire Corner, as it progresses to deliver a comprehensive selection of amenities and experiences to meet the evolving needs of the north Fort Worth community that will also service areas of Haslet and Saginaw, Texas.

The groundbreaking ceremony took place at the future site of Berkshire Corner, located at 9937 Blue Mound Road, and gathered esteemed guests, community leaders, valued partners and future tenants. The event celebrated the positive impact this development will have on the local economy and community, as well as the diverse range of services it will offer.

Western Specialty Contractors hires Ashton House as regional business development manager supporting Texas, Oklahoma, Arkansas branches

Posted on by Mia Goulart

Western Specialty Contractors proudly announces the hiring of Ashton House of Fort Worth, Texas, as regional business development manager/region 2 covering Texas, Arkansas and Oklahoma.

In her new role, House is tasked with supporting the sales staff and developing business for Western’s branch offices in Dallas, Houston, San Antonio and Austin, Texas; Little Rock, Arkansas; and Oklahoma City and Tulsa, Oklahoma.

House has eight years of sales experience in modular building office space, having worked with professionals in the general contracting, healthcare, government and oil and gas industries across parts of Dallas-Fort Worth, Texas and New Mexico.

She has a bachelor’s degree from the University of Texas at Arlington and a Master of Business Administration from Texas A&M University-Commerce. When not working, she enjoys traveling and spending time with family and friends.

Financing secured for newly built distribution facility in Fort Worth

Posted on by Mia Goulart

JLL Capital Markets arranged financing for Meacham Commerce Center Building 1, a Class A industrial facility totaling 334,750 square feet in Fort Worth, Texas.

JLL worked on behalf of the borrower, McCormack Commercial, to secure the loan from Protective Life Insurance Company.

Built in 2022, the property is located north of downtown Fort Worth and is situated on 19.36 acres, allowing for 240 car parking spaces and 103 trailer parking spaces. The fully leased building has a 36-foot clear height, cross-dock loading capabilities, 60-foot staging bays, 70 dock-high doors and four drive-in ramps.

Meacham Commerce Center has access and proximity to the DFW airport and major interstates, including frontage along Interstate 35 West and near direct access to Interstate 820, two of DFWs major trade routes.

Moving forward, Meacham Commerce Center, situated on approximately 80 acres, will deliver three additional buildings adding another 977,161 square feet to the park. When complete, the three buildings will accommodate tenants ranging from 20,000 square feet to 600,000 square feet. Building configurations will be rear load and cross dock with 24- to 40-foot clear heights. Fronting I-35W will be a 69,120-square-foot rear load facility. A 582,540-square-foot cross dock is planned in the heart of the site with 325,750 square feet on its western border.  The remainder of the project will be leased by Matt Carthey and George Jennings of Holt Lunsford Commercial.

The JLL Capital Markets Debt Advisory team was led by Colby Mueck along with John Beeler and John David Johnson.

Fort Worth-based Street Realty appoints Amber Calhoun as vice president

Posted on by Mia Goulart

Street Realty, a 39-year-old Fort Worth-based full-service commercial real estate firm, has appointed Amber Calhoun as a vice president in its Brokerage Services Division.

Calhoun will play a key role within Street Realty’s brokerage production team, guide clients through the purchase, sale, and leasing process, oversee day-to-day commercial real estate transactions, and help optimize and grow the company’s property portfolio.

Calhoun, who is a native of Aledo, Texas, is a licensed broker with the Texas Real Estate Commission, possesses nearly 10 years of industry experience, and holds a Bachelor of Business Administration in marketing from Texas Wesleyan University. Prior to joining Street Realty, she held partner, broker, and associate positions at Graham Property Brokerage, Stablemade Retail Group, and Transwestern.