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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: Another California-Based Real Estate Firm Relocates to Dallas Plus: Global licensed apparel manufacturer signs industrial lease in Irving, Transwestern secures large lease for first-class healthcare network, and more. Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected]. Lion Real Estate Group, an investment firm focused on multifamily and creative office properties, has relocated its Los Angeles-based headquarters to Dallas. The firm has taken space at 3811 Turtle Creek Blvd. “The decision to relocate our corporate headquarters to Dallas aligns with our strategy of acquiring desirable multifamily assets outside of the urban core, both here in Texas and in other high-growth cities across the Sunbelt and Southeast,” said Jeff Weller, co-founder and managing principal of LREG. ....