Bell Textron Inc., a leading American aerospace manufacturer, has signed a long-term, 109,187-square-foot lease for the entire building at 4151 Amon Carter Blvd. in Fort Worth. The opening of the Bell Commercial Business Center will house approximately 600 employees. Transwestern

Commercial Real Estate

Deal Ticker: Bell Textron Expands Office Footprint, Leases Space at Former American Airlines Building

Plus Peloton expands Plano footprint, high-profile former Haverty’s building exchanges hands, an indoor pickleball facility is headed to Grand Prairie, and more.

Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected].

American aerospace manufacturer Bell Texton is expanding its office footprint in DFW. The company has signed a long-term 109,187-square-foot lease for the entire building at 4151 Amon Carter Blvd. in Fort Worth. The Class A, the four-story building formerly housed the American Airlines Federal Credit Union.

The opening of the Bell Commercial Business Center (CBC) will house 600 employees, including all Commercial Programs, Global Sales, Customer Support, and Services, and supporting business functions, Supply Chain, Information Technology, Human Resources, and Finance personnel. In August, Bell unveiled a new 140,000-square-foot Manufacturing Technology Center (MTC) in Fort Worth.

Transwestern’s Duane Henley and Nathan Durham provide leasing services on behalf of the building ownership, Capital Commercial Investments, while property management is led by Transwestern’s Becky Dennis.

Earlier this year, Transwestern executed the sale of the three-building, 1.39 million-square-foot office campus that previously served as the world headquarters for American Airlines to Austin-based Capital Commercial Investments, which specializes in purchasing undervalued commercial investment properties throughout the United States. The lease by Bell is the first major lease since the sale of the campus. The 40-acre site still includes 6.33 acres of undeveloped land and leasing opportunities for 4333 and 4255 Amon Carter Blvd.

Todd Burnette and Matt Montague with JLL represented Bell Textron in the transaction.

HOTEL

Northland Properties Corporation has filed a permit to build a 205-bed Sandman Signature Hotel and Moxies Bar & Grill at the Southwest corner of Meridian Drive and SH 161 in Irving. Construction on the $18 million project began in December and will finish in June 2025. Studio RedDot is leading design.

INDUSTRIAL
Peachtree Distribution Center
Peachtree Distribution Center

Dalfen Industrial has acquired Peachtree Distribution Center from Clarion Partners at 17745 Lookout Road in the east Dallas suburb of Mesquite. The property is 100 percent leased to three internationally recognized tenants – Dal-Tile Corp., Parker-Hannafin Corp., and Bronco Orora. With this acquisition, Dalfen Industrial currently owns and operates over 4.4 million square feet of last-mile industrial assets in Texas and over 24 million square feet nationwide.

Sewell BMW of Grapevine leased 252,400 square feet at 1717 W. Airfield Dr. in Grapevine. Blake Kendrick, Jeremy Kelly, and Sarah Ozanne, with Stream Realty Partners, represented the landlord, Clarion Partners. Ben Sumner, with Centurion Real Estate Partners, represented the tenant.

Haverty’s Building
Haverty’s Building

A locally based LLC has acquired the high-profile former Haverty’s building, a 95,488-square-foot building on 1.91 acres located at 4505 LBJ Freeway (IH-635). David Zoller with Weitzman handled negotiations for the seller, a Dallas-based limited partnership. Joe Doye of Westin Company represented the buyer.

2601 Pinewood Drive
2601 Pinewood Drive

Optimal Elite Management has acquired a 63,483-square-foot office/warehouse on 9.5 acres at 2601 Pinewood Dr. in Grand Prairie, from Breg Inc. Noah Dodge and Jason Finch, with Bradford Commercial Real Estate Services, represented the buyer. Steve Koldyke, Brian Gilchrist, and Chris Powers of CBRE represented the seller.

6200 Maple Manor purchased a 25,000-square-foot industrial building at 6200 Maple Avenue in Dallas. Stroud Arthur, with Veery Realty, represented the buyer. Jason Moser, with Stream Realty Partners, represented the seller, Mosher Properties.

Stonelake Capital Holdings VI purchased a 17,780-square-foot industrial building at 2801 Wood Drive in Garland. Ryan Wolcott and James Mantzuranis, with Stream Realty Partners, represented the seller, Kingsley Industrial.

Innocom U.S.A. purchased a 12,100-square-foot industrial building at 14203 Proton Road in Farmers Branch. TW Realty Advisors represented the buyer. Eric Crutchfield and Mac Hall, with Stream Realty Partners, represented the seller.

Heights Tower Services leased 4,000-square-feet at 251 Huffines Blvd. in Lewisville from Site Midway. Carley Keiser of TIG Real Estate Services represented the tenant.

General Parts has renewed 2,472 square feet of industrial flex space in Commerce Park, 4823-45 W. Royal Lane, in Irving, from Commerce Park Owner. Jason Finch and Michael W. Spain of Bradford Commercial Real Estate Services represented the landlord directly.

Chase International has leased 2,372 square feet of industrial flex space in Commerce Park, 8406 Sterling St. in Irving, from Commerce Park Owner LLC. Jason Finch and Michael W. Spain of Bradford Commercial Real Estate Services represented the landlord. Richard Nin of Ebby Halliday represented the tenant.

MULTIFAMILY

A construction permit has been filed to build Princeton Crossroads, 11 apartment buildings at 149 Princeton Crossroad in Princeton. Construction on the $26.3 million multifamily project is expected to begin in January and complete in October 2022.

Grand on Beach
Grand on Beach

The Grand on Beach, a 304-unit apartment complex in Haltom City, has sold. Drew Kile, Will Balthrope, Joey Tumminello, and Grant Raymond, with Marcus & Millichap, represented the seller, CLX Ventures, and procured the buyer, Bellrock Real Estate Partners.

Ridge at Trinity Apartments, a two-story 230-unit, class C, Affordable Low Income Tax Credit (“LIHTC”) multifamily community located at 7203 South Great Trinity Forest Way in Dallas sold. Colliers Internationals Multifamily Services Team of Mark Allen and Courtland Charles facilitated the sale.

Monterey Apartments
Monterey Apartments

Monterey Apartments, a 160-unit multifamily community, located at 700 S. Story Road in Irving, has sold. Texas-based Beazworkz Investing purchased the property from Plano-based Elmstone Group. Elmstone Group originally purchased the property in 2016. Chris Deuillet and William Hubbard with CBRE Capital Markets’ Investment Properties in Dallas represented the seller.

Village Oaks Condominiums, a 53-unit apartment property located in Dallas, has sold. Nick Fluellen, Bard Hoover, and Joey Murry, with Marcus & Millichap’s Dallas office, represented the buyer and seller.

OFFICE

Peloton Interactive has filed a construction permit at Legacy Central to expand its footprint in the mixed-use project. The company has already leased 27,500 square feet in one of the campus office buildings, and according to the state permit, work on a 90,000-square-foot office will begin in January. Corgan is leading design.

The Overlook at Las Colinas
The Overlook at Las Colinas

Faber Technologies has leased 1,500-square-feet at The Overlook at Las Colinas, 251 O’Conner Ridge Blvd. The construction technology firm is headquartered in Vancouver and recently expanded to DFW. Colliers International’s Dylan Smith closed the transaction. 

RETAIL

Chicken N Pickle, an indoor pickleball facility, is coming to Grand Prairie. The company has filed a construction permit to build the 4,954-square-foot facility at 2965 South State Highway 161 in Grand Prairie. According to the state filing, the $10.8 million facility will include a restaurant, indoor pickleball court building, beverage services, restroom building, outdoor pickleball courts, outdoor yard, cabana shade structures, and circulation sidewalks, and other games. Yaeger Architecture is leading the design.

Brakes Plus

The Arlington location of Jared, near The Parks Mall, has sold. STRIVE represented the seller, a Dallas-area developer, and sourced the buyer, an East Coast investor

A construction permit has been filed to build an Alamo Drafthouse at SH 360 and I-20 in Grand Prairie. According to state filings, the 43,872-square-foot facility will host 10-screens. Construction on the $4 million project will begin in late January and complete in October 2021. GFF is leading design.

A Brakes Plus property located at 1711 N Greenville Ave. in Allen has sold. Drew Isaac, Brian Bailey, and Tim Speck, with Marcus & Millichap, represented the seller.

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