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Deal Ticker: Longtime Vacant Garland Building Gets New Owner From Innovative Industry

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 ....

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Deal Ticker: Massive Allen Mixed-Use Development Breaks Ground

Deal Ticker: Massive Allen Mixed-Use Development Breaks Ground
Plus: Clean Earth Company leases industrial space in Alvarado, S2 Capital sells DFW apartment communities to an out-of-state buyer, and more.
Allen-based developer JaRyCo broke ground this week on
The Farm in Allen, a 135-acre mixed-use project that will include 1.6 million square feet of office, 142,000 square feet of retail, a 150-key hotel, 60,000 square feet of restaurants, townhomes, and urban residential units. Work will begin with the development’s infrastructure, including the roads and utilities, followed by construction of West Lake Park, the phase one trails, and the public parking garage.
Last month, JaRyCo announced it will develop 102,000 square feet of class A office space, called FarmWORK One. The three-story building will be located across from The Central District and will include several healthy building elements, such as outdoor, Wi-Fi-equipped work areas, touchless features thro ....

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