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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: M2G Ventures Ends Year With Rapid Pre-Leasing of Historic Fort Worth Building Plus D.R. Horton plans $150 million development, Plano tech firm Edge Communications downsizes office footprint, and more. Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected]. M2G Ventures wrapped up the year with the transformation of PROOF, a 40,665-square-foot building at 901 W. Vickery Blvd. in Fort Worth. Despite the whirlwind of 2020, this coveted mixed-use project is 72 percent preleased, landing a corporate relocation, a boutique bowling concept, and one of the largest female-owned personal injury law firms in the country. ....
Deal Ticker: Landmark Design District Property Exchanges Hands Plus senior community planned on Haggard Family land in Plano, million-square-foot speculative warehouse planned in West Dallas, and more. Dallas’ Quadrant Investment Properties has purchased the award-winning International on Turtle Creek showroom and office complex on Irving Boulevard. Quadrant purchased the building from Dallas-based Stockdale Investment Group, which purchased the 155,000-square-foot complex in 2016. Quadrant acquired in a venture with Maryland-based Federal Capital Partners. J. Scott Lake and Jake Milner of Davidson & Bogel Real Estate represented the buyers. INDUSTRIAL/LAND Houston-based Lovett Commercial has filed plans with the state to build a 1 million-square-foot speculative warehouse near the northwest corner of Singleton Boulevard and Norwich Street in West Dallas. Plans say the project could break ground by February and deliver by the first quarter of 2022. ....