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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

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Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

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Trammell Crow, partner, plan large industrial park at Alliance

A rendering of the planned speculative industrial development by Trammell Crow and a partner. 

Robert Francis

rfrancis@bizpress.net

A joint venture has purchased a 314.4-acre property in the Alliance area for the construction of 1.6 million square feet in speculative industrial space.
Dallas-based Trammell Crow Co., in a joint venture with Prudential Real Estate Investors, the real estate investment management and advisory business of Prudential Financial Inc., have completed the purchase of the property located at the northwest corner of Interstate-35W and Eagle Parkway in northeast Fort Worth. Trammell Crow announced the deal Jan. 7.

Terms of the deal were not disclosed. The joint venture purchased the land from Intel Corp., which purchased the land just prior to the tech bust in the late 1990s, with plans for a computer chip plant.


The project, named Trammell Crow 35/Eagle, will comprise 1.6 million square feet of speculative industrial space, making it the largest project of its kind in Trammell Crow Co.’s 65-year history in Dallas/Fort Worth, according to the company. The project is expected to be completed in 2014. Full build-out of the park will include over 4.2 million square feet of office, retail and industrial product.


This speculative industrial project joins Hillwood’s two speculative industrial projects at Alliance, announced last year.
“We are pleased to continue our relationship with Prudential Real Estate Investors in the Dallas/Fort Worth Metroplex and deliver a Class A office and industrial product on the best sites in the area’s top submarkets,” said Scott Krikorian, managing director with Trammell Crow’s Dallas/Fort Worth Business Unit. “This is a milestone project for us and we’re excited to be a part of it. The Alliance market is a branded destination for sophisticated users and has a strong demand for first generation space. This development will provide tenants with modern amenities, as well as efficient access to local highways, intermodals and airports.”
Plans for the land site include two speculative industrial buildings, Building B comprising 1 million square feet and Building D comprising 548,495 square feet, totaling 1 .6 million square feet of Class A space. The project is located less than a mile away from Alliance Airport, as well as north and southbound exits and entrances at Eagle Parkway and I-35W. The project is also located within three miles from the headquarters for the BNSF Railway. The joint venture will seek LEED certification for the project.
 

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