Deal Ticker: Longtime Vacant Garland Building Gets New Owner From Innovative Industry
Plus Trammell Crow Residential plans Ross Avenue multifamily, Frisco s Shops at Stonebrook exchanges hands, and more.
Garland has approved a deal with
Future Foam, Inc. to renovate and begin operations at 3000 W. Kingsley. Future Foam will spend $3 million renovating the 341,840 square feet facility and reactivate rail service to the facility with this project.
The building has remained vacant since 2015 when APEX Tool Group consolidated its operations from their Garland site into their South Carolina facility, resulting in the loss of 261 jobs.
Nearly $3 million will be invested in renovating the existing facility on the 19.69-acre site. An additional $6 million will be added to the City’s tax rolls from the transfer of operations and from additional machinery and equipment added through the expansion. Initial operations will create 104 full-time positions with plans for further expansion
Deal Ticker: Fort Worth’s Triune Centre Lands Anchor Tenant
Plus: Cantex purchased former Guiberson Corporation in South Dallas; CHRISTUS Health filed permits to build new Irving headquarters, and more.
Fort Worth’s Triune Centre has landed its anchor tenant.
Vantage Bank Texas signed a 15,000 square foot lease at the 30,000 square foot building the first office development of its kind in the United States to feature a fully automated valet parking tower system.
Cornerstone Projects Group, a development, architecture, and construction company, and Trident Structures, a total-solutions engineering, procurement, and construction company, are partners in development. Construction will begin in the second quarter of 2021, and the building is set to deliver in summer 2022.