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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 ....
Deal Ticker: Major Telecom Corridor Office Changes Hands Plus: Holt Lunsford Commercial completes off-market sale of 600,000 square feet of industrial space; Dallas’ iconic gold Campbell Centre has a new owner, and more. Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected]. Industrial leases and sales must be over 50,000 square feet, office leases and sales over 3,000 square feet, and retail leases and sales must be over 1,500 square feet. All multifamily and mixed-use deals are currently welcome. One of the largest office campuses in Telecom Corridor has exchanged hands. The Galatyn Commons office project in Richardson, which recently underwent a $40 million renovation, has four buildings with almost 800,000 square feet of space. Tenants in the buildings include Goldman Sachs, Steward Healthcare, Service King, and Raytheon. A fourth building houses operations of Bank of America. A company set up by Singapore-based Mapletree I ....
Deal Ticker: Plano-Based Investment Group Purchases Former Shawn Todd Redevelopment Project Plus: More a lot more homes coming to Melissa, Rhino Health is expanding into North Texas, major leases signed at the Crescent and in the Harwood District, and more. Plano-based Wolfe Investments, a private equity real estate investment firm, has purchased the historic U.S. Post Office and Courthouse building in downtown Dallas. The building was redeveloped by Todd Interests years ago into luxury apartments. It was developer Shawn Todd’s first downtown adaptive reuse. The landmark purchase is the company’s second-largest acquisition to date, just behind the historic Rockefeller building in Cleveland, Ohio. ....