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The Sale of this Massive Warehouse Adds to Hugely Impressive First Quarter Plus: High-profile Addison shopping center changes hands, an investment firm moves its headquarters to Tower Plaza of the Americas, and more. Interstate Crossing, a newly constructed, 1,023,488 square foot distribution facility in Fort Worth, has sold. According to CBRE’s U.S. Industrial & Logistics Figures for Q1 2021, the industrial market shows no signs of slowing down. Companies are leasing space at a historically robust pace to accommodate the large increase in e-commerce sales. Nearly 100 million square feet was absorbed in Q1, the third-highest mark on record. SHARE YOUR DEALS ....
Deal Ticker: Investors Purchase High-Profile Allen Building, Plan Relocation Plus: $20 million industrial project headed to Lancaster, JLL closes Pier 1 tower deal in Fort Worth, and more. Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected]. In a joint venture partnership, Dallas-based Pillar Commercial and Oklahoma investor Hall Capital have acquired the 120,170 square foot office building, One Bethany East in Allen. Pillar Commercial plans to relocate its Preston Center headquarters to the site in the second quarter. One Bethany East was built by Kaizen Development Partners and is home to many high-profile tenants, including the Credit Union of Texas, Boss Fight, and the Allen Economic Development Corporation. ....
Deal Ticker: Denver-Based Investment Group Plans Massive Industrial Park in South Dallas Plus: Cypress Waters Plans new $20 million office building; a Florida-based lighting company signs a lease at Brookhollow Industrial Park; and more. Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected]. Denver-based Black Creek Group has acquired 165 acres to develop the firm’s largest project to date. Upon completion, the two-building Class A industrial park will total two million square feet. The development will be completed in two phases. Eric Hawk, partner of Archway Properties, the co-developer in this transaction, spent two years assembling 42 individual parcels with 18 different property owners. ....