Real Deals: Blackmon Mooring buys HQ building in Haltom CityFebruary 7, 2014
Blackmon Mooring snaps up former Progressive Concepts building
Blackmon Mooring has purchased Progressive Concepts Inc.’s former headquarters building and adjacent acreage in Haltom City.
Acting on behalf of a court-appointed receiver was Bradford Commercial Real Estate Services, which finalized the sale.
The newly sold property boasts a 56,666-square-foot, two-story flex building on six acres at 5718 Airport Freeway and an abutting 6.9-acre tract at 5722 Airport Freeway.
The deal sees Blackmon Mooring gain more than 400 linear feet of freeway frontage and expansion opportunities in the Texas 121-183 corridor.
"I think it's an excellent move for Blackmon Mooring. It provides them with retail exposure and growth for the company," said Nick Talley, vice president in Fort Worth for Dallas-based Bradford, commenting in a news release.
Blackmon Mooring sought to move its headquarters and operations hub because its longtime location near downtown Fort Worth stands in the path of the Trinity River Vision, according to Bradford officials. The Haltom City property is being prepared for immediate occupancy.
Among the Haltom City site’s chief marketing strengths were 24,000 square feet of office space, 3,000 square feet of retail-showroom space and an acre of paved surface parking.
Representing the buyer of record, BMS Enterprises Inc., were Leland Prowse and Alex Bryant of Transwestern Dallas.
Blackmon Mooring specializes in cleaning, restoration and remediation of residential and commercial properties in Texas and Oklahoma.
Technology Team signs lease as anchor tenant
Technology Team LLC has been signed as anchor tenant and entrepreneur-in-residence of IDEA Works FW, the business-assistance operation for emerging companies that opened for business on Wednesday Feb. 5.
The enterprise is a public-private partnership of the city of Fort Worth and the Business Assistance Center Education Foundation. It operates from the Guinn Complex at Interstate 35 and Rosedale Street, where the Business Assistance Center and Tech Fort Worth also occupy space.
Technology Team has leased slightly more than 900 square feet for its business operations.
“We have a passion for small business and are excited to share it,” said Sherry Green, president of Technology Team, commenting in a news release.
“Our hope is to make a difference with emerging businesses in Fort Worth,” Green said.
Its mission is to protect assets, control risks and minimize down time in handling the logistics of critical IT moves. Founded in 2003 by Green and Vice President Allen Spinner, Technology Team has relocated technology equipment for business units of all types, including Fortune 500 companies and government agencies.
Terra Manna acquires 97 acres in Colleyville
Terra Manna LLC of Southlake, a real-estate development and land management company, has acquired 97 acres at Glade Road and Heritage Avenue in Colleyville for a $160 million single-family development.
Marketed as Creekside at Colleyville, the community will feature homes by Standard Pacific Homes and MainVue Homes.
“We have been working with the heirs [of the property] for more than two years to put this site together,” said Bobby Harrell, principal of Terra Manna in a news release.
“We anticipate a high demand for luxury homes in this area with a variety of lot sizes and high-end, active-lifestyle amenities,” Harrell said.
Local residents may know the site as the old Harrington family property, whose original owners helped pioneer Colleyville in the late-1800s. The site will be added to an adjoining piece of land and feature up to 269 lots. Home prices will begin in the $500,000s.
Phase one of the neighborhood features lots from Standard Pacific Homes, currently under construction and expected to be available in June 2014. Phase two is expected to be complete later this year.
The development will feature 30 acres of parks and open space on Little Bear Creek. Trails and several new lakes will be built in the park area to complement the existing lake on the north end of the project.
Fort Worth to gain Amazing studios
Amazing Lash Studio plans two more Fort Worth locations after the eyelash extension boutique recently opened its first Cowtown location.
After opening a store at Alliance Town Center on Jan. 31, the company has announced a West Seventh Street site set to open on Friday. Feb. 14.
Representing the company in the transactions was Brian Ellisor, a broker with Red Oak Commercial. The company plans a third Fort Worth store in the near future, according to J.D. Busch, its regional developer for the DFW market.
DermOne leases space
DermOne Dermatology Centers has added a Grand Prairie location, leasing a 4,600-square-foot office at 4927 Lake Ridge Parkway, Suite 170.
Terms of the lease were not disclosed.
Representing DermOne in the transaction was Monika Guzman-Perez of Coldwell Banker Commercial Alliance.
DermOne provides dermatology services through a network of neighborhood skin-care centers..
Pegasus Info plans relocation
Pegasus Info Tech Inc. plans to relocate its headquarters and training center to a vacant office building in Las Colinas, signing the North Irving property's first lease following major upgrades as it transitions to multi-tenant use.
Aiding Pegasus’ decision to finalize a six-year lease for 10,525 square feet was the ability to expand at 3001 N. Skyway Circle, acquired in October 2012 by Life Is A Skyway LLC of Arlington. Pegasus plans to move April 1 from 122 W. John Carpenter Freeway.
Overseeing construction and repairs and continuing to manager the property is Bret Messer, a senior property manager of Coldwell Banker Commercial Alliance DFW.
"We're very pleased to have repositioned this property to an attractive, competitive asset in the marketplace," said Renee Efimoff of Arlington-based CBC Alliance DFW in a news release.
"With our new merger, we continue to take pride in making places better," Efimoff said.
The single-story, 20,090-square foot building occupies 1.5 acres on a bluff overlooking the Las Colinas Urban Center
All American Balloons Texas LLC has renewed its lease for 6,702 square feet of office-warehouse space in Randol Mill Service Center, 2406 E. Randol Mill Road in Arlington. Representing the tenant in the transaction was Jason Miller, vice president of Bradford Commercial Real Estate Services. Representing the landlord, UVAF Realty LP, in the transaction was Michael Foster of Property Advisers Realty Inc.
Christ Chapel plans Parker Co. campus
Christ Chapel Bible Church in Fort Worth is planning a second campus to serve growing numbers of Parker County residents.
Having built a sizable following at 2600 Montgomery St. north of Interstate 30, the church considers its planned Willow Park facility critical to serving Parker County families who make the weekly trek to Fort Worth for Sunday services.
“Quite a few of them drive in for morning worship, and then drive their kids back for evening student programs. That’s a lot of driving,” said Bill Egner, executive pastor of the nondenominational church.
No architect has been hired to build what the church calls its West Campus, along the service road at 3610 Interstate 20. Project costs have not been determined, though the church plans to use its own money to fund the project, Egner said.
Sunday services near the West Campus began in January and continue at the Aledo Ninth Grade Center. A construction timeline for the new campus has not been finalized, but church leaders hope to open its doors by January 2016.
Egner likened the church to a leading fast-food franchise.
“Whatever is on the menu at the Fort Worth ‘McDonald’s’ will be on the menu at the Parker County location,” Egner said of church classes, services and staff members corresponding to those in Fort Worth.
“It will not be identical, but will be identifiably Christ Chapel,” Egner said.
Meanwhile, plans to add parking at the Fort Worth site continue after church leaders and residents clashed last year over plans to use home lots the church purchased in recent years for parking.
“It’s on the way,” said Rick Neves, the church’s chief operating officer, regarding added parking spaces. “They should be open sometime this year.”
Plans call for three grass parking lots offering 200 combined spaces. Project costs have not been finalized because numbers on the largest lot have not been decided, Neves said.
The lots are both north of Pershing Avenue. One lot is between Owosso and Margaret streets, with the other between Margaret and Montgomery Street. The church has 934 parking spaces and uses more spaces on neighboring property through agreements with individual property owners, Neves said. – A. Lee Graham