(FEBRUARY 9, 2021 – DALLAS, TX) Lee & Associates Dallas Fort Worth, one of the largest privately-owned national real estate firms, recently completed the sale of a 765,798-square-foot, industrial property in Dallas-Fort Worth.
Lee & Associates’ Ken Wesson, SIOR, CCIM co-represented the buyer, BFI Newco Holdings. The building was previously occupied by Goodyear Tire and was represented by Steve Berger and Corbin Crews with CBRE.
The property is located at 301 Apache Trail in Terrell, Texas adjacent to Highway 80 and Interstate 20. The facility will be rebranded 80/20 Crossing and offers immediate access to both Interstate 20 and Highway 80. It is rail-served by Union Pacific, has an ESFR sprinkler system, cross-dock configuration featuring 185’ truck courts, and is a fully secured site with a front guardhouse, among its many features. Furthermore, the property has access to a 360,000 Gallon surplus water supply tank and up to 25 Mega Watts of power
This property also benefits due to its proximity to a strong skilled labor force in the Terrell/Forney area, which is ideal for manufacturing users.
The building will be represented by Ken Wesson, SIOR, CCIM of DFW Lee & Associates.
DFW Industrial Year-End Stats
2021 was an incredible year for the DFW Industrial market. The past year brought a total of 1,025,135,150 SF of industrial market RBA – over 25 million past 1 billion! And there’s no sign of this progress stopping – let’s chat about 2022 deliveries (over 61 Million under construction), record-shattering absorption, rent growth, and so much more to review.
Interested in hearing more about this fast-paced market? Message us today for an in-depth market conversation.
| 1,025,135,150 SF | 61.3 Million SF | 5.4% |
| Total Industrial Market RBA | Currently Under Construction | Vacancy Rate |
| 43.4 Million SF | 27.6 Million SF | 9.7% Annual Rent Growth |
| Absorption in the Past 12 Months (Approximately 16 Million is the Historical Average) | Building Deliveries Over the Past 12 Months | Over the Past 12 Months (Approximately 3% is the Historical Average) |
Lee & Associates DFW receives 2021 Power Broker Recognition
D CEO has just announced this year’s Power Broker recipients, recognizing the region’s top brokers. This year, 92 firms employing 2,243 licensed brokers participated in the commercial real estate study with data based on 2020 production numbers.
Congratulations to the Lee & Associates Dallas Fort Worth that received this distinguished award!
To view the full list of recipients for the D CEO, visit D CEO Releases 2021 Power Brokers List.
Four Lee & Associates Brokers Named as DCEO Top Commercial Real Estate Brokers in Dallas-Fort Worth
Recently DCEO released their Top Commercial Real Estate Brokers in the Dallas-Fort Worth area, and four Lee & Associates DFW brokers were named.
Congratulations to:
Co-Managing Principal Ken Wesson, SIOR, CCIM, for Industrial Project Leasing
Co-Managing Principal Trey Fricke, SIOR, and Principals Nathan Denton, SIOR, and Tom Walrich for Industrial Tenant Representation
See an excerpt from the article below.
“We asked the leadership teams at North Texas’ leading commercial real estate firms to tell us who generated the most revenue for their companies in 2017. Firms were limited to the top 20 percent of their brokers, rounded up to the nearest whole person. The only exceptions were made for partners or teams who work on all transactions concurrently, and therefore, all generate the same revenue for his or her firm. This year, we honor 391.” Read the whole article.
Lee & Associates Negotiate Lease Expansion and Extension on 445,695 Square Foot Space
Dallas, TX — 1/2/18 —Lee & Associates Dallas/Fort Worth, one of the largest privately owned national real estate firms, has completed a lease extension and expansion transaction for a 445,695 square foot industrial space located at 777 Freeport Parkway, Coppell, TX.
Ken Wesson and Mark Graybill of Lee & Associates Dallas/Fort Worth represented the landlord, GLP and the tenant, GS 777 Freeport Pkwy, LLC C/o C&S Wholesale Grocers, Inc., was represented by Bob Gibson of CBRE. Wesson said, “We are grateful to have the opportunity to continue meeting the expansion needs of this very important client.”
GLP is a Leading global provider of modern logistics facilities. Through their network of strategically-located properties and ecosystem partners, GLP is able to offer both space and integrated solutions to drive value for its customers.
C&S is the largest wholesale grocery supply company in the U.S. and the lead supply chain company in the food industry. They operate regional distribution centers where they receive products from food and grocery companies and ship them to supermarkets and other institutions.
Lee & Associates is the largest broker-owned firm in North America with 58 locations across the United States. With more than 900 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. Lee & Associates Dallas/Fort Worth was established in 2006 and is focused on the vibrant and rapidly growing DFW Metroplex. We provide superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients. For the latest news from Lee & Associates, visit leedallas.com or follow us on Facebook, LinkedIn, and Link our company blog.
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Lee & Associates Dallas Fort Worth WeekLee Transactions
Dallas, TX — Week of 9/18/2017 — DFW Lee & Associates, one of the largest privately-owned national real estate firms, has completed the following new commercial real estate transactions.
A new lease transaction for a 19,318 square foot industrial building located at 444 W. Mockingbird Lane, Dallas, TX 75247. Corbin Blount, Lee & Associates represented the tenant, Store Display Fixtures. The Landlord was represented by Brock Wilson and Joe Santaularia of Bradford Companies.
A new lease transaction for a 10,625 square foot industrial building located at 406 W. Mockingbird Lane, Dallas, TX 75247. Corbin Blount, Associate and Ken Wesson, Principal, of Lee & Associates represented the tenant, Southwest Medical & Dental. The Landlord was represented by Brock Wilson and Joe Santaularia of Bradford Companies.
Lee & Associates is the largest broker-owned firm in North America with 57 locations across the United States. With more than 850 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. Lee & Associates Dallas/Fort Worth was established in 2006 and is focused on the vibrant and rapidly growing DFW Metroplex. We provide superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients. For the latest news from Lee & Associates, visit leedallas.com or follow us on Facebook, LinkedIn, and Link our company blog.
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