Deal Ticker: Fast-Growing Robot Tech Company Plots McKinney Headquarters
Plus: The Offices Three at Frisco Station lands first tenant, Taco Lingo breaches the traditional city borders with Plano location,
Robin Autopilot, a leader in robotic mowing technology and the robotics as a service (RaaS) platform, announced that it would be consolidating its corporate headquarters with its recently acquired franchise business, North Carolina-based Mowbot and relocating to McKinney. Robin’s new headquarters will initially occupy 10,000 square feet with an option to expand at 7850 Collin McKinney Pkwy.
Robin was represented throughout the selection process by CBRE, led by Rene Castillo, and Jackson Walker, led by Luke Franz. Robin is one of the many tech companies that have recently announced their expansion or relocation into McKinney via the Innovation Fund; other startups like Alanna.ai, MyTelemedicine, and ContraForce also recently opened headquarters in the city.
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.
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Like many workplaces around the world, the Monument Group closed its West Lake Hills office in mid-March last year.
The future was suddenly uncertain as the global coronavirus pandemic struck. None of the 15 employees in the Texas-based communications firm had any way of knowing when they would return to their desks.
Just before the pandemic, the company had purchased new office furniture and finished outfitting the 8,000-plus square feet of space it owns in Austin, fully expecting to beef up hiring.
That staff expansion was put on hold.
Scott Dunaway, a partner in the firm, emailed his employees. It was March 13, 2020.
A 22-story building that has stood as a landmark on Congress Avenue and Cesar Chavez Street for more than three decades has a new owner.
Carr Properties has acquired 100 Congress, an office building with nearly 420,000 square feet that overlooks Lady Bird Lake. The price was not disclosed.
The building is valued at $292.8 million by the Travis Central Appraisal District.
With the purchase, Austin becomes Carr s third market. The company is headquartered in Washington, D.C., and it expanded to Boston in 2018.
“We are very excited to expand into Austin, a vibrant innovative market poised for long-term growth with rapid demographic, economic, and market momentum,” Oliver Carr, CEO of Carr Properties, said in a news release. “Austin’s economic drivers of tech, government, and education will be a strong strategic complement to our existing portfolio.
Fulfillment firm snaps up big Garland warehouse
Miller Road lease was the largest such transaction in the Garland area this year.
FB Flurry leased the warehouse at 3737 W. Miller Road in Garland.(Stream Realty Partners )
A local logistics firm has snapped up a large shipping center in Garland.
FB Flurry leased the more than 472,000-square-foot distribution building at 3737 W. Miller Road.
The new location almost doubles FB Flurry’s Dallas footprint and was the largest industrial transaction in the Garland area in the first quarter, according to Stream Realty Partners, which handled the lease.
FB Flurry has handled fulfillment and technology services for clients for more than 20 years.