FORT WORTH, TEXAS — Siemens has completed a $190 million manufacturing plant in Fort Worth. The 500,000-square-foot facility is located at 7200 Harris Legacy Drive on the city’s south side and will support the data center industry via production of electrical equipment such as low-voltage switchboards. Siemens has already hired about 480 people to staff the facility and expects to employ as many as 800 individuals at the site by 2026. According to Fort Worth Report, the project was executed as part of the German conglomerate’s pledge to invest $10 billion in the U.S. manufacturing sector.
Texas
MANSFIELD, TEXAS — Locally based owner-operator Aligned Data Centers will develop a 27-acre campus in Mansfield, a southeastern suburb of Fort Worth. Known as Aligned DFW-03, the data center campus will have an onsite substation and will be largely marketed toward users in the AI, cloud and enterprise applications. The facility will also feature proprietary liquid cooling technology and will be able to accommodate user density requirements upwards of 350 kilowatts per rack. Initial capacity is expected to be available in the fourth quarter.
FORT WORTH, TEXAS — Dallas-based investment firm CanTex Capital has purchased a 230,292-square-foot industrial property in Fort Worth. The property at 7901 South Freeway is located on the city’s south side and functions as a manufacturing facility. According to LoopNet Inc., the single-tenant facility sits on 20 acres and features roughly 26-foot clear heights, 19 dock-high loading doors and six grade-level drive-in doors. Todd Hubbard of NAI Robert Lynn represented CanTex, which plans to make capital improvements to the property, in the transaction. The seller and sales price were not disclosed.
HOUSTON — Local brokerage firm Oxford Partners has negotiated a 20,974-square-foot office sublease in West Houston. According to LoopNet Inc., the building at 11750 Katy Freeway is a 17-story, 430,000-square-foot structure that was completed in 2015. Ryan Hartsell of Oxford Partners represented the sublessee, law firm Oliva Gibbs LLP, in the negotiations. Albert Spiers and Chris Oliver of Cushman & Wakefield, along with Mark Reilly of JLL, represented the undisclosed sublessor. Steve Bryant of Mac Haik Enterprises represented the landlord, an entity doing business as Energy Tour IV Investments Ltd.
HOUSTON — Burlington will open a 20,350-square-foot store at The Shops at Stone Park, a 250,000-square-foot retail power center in East Houston. The discount clothing retailer will backfill a space formerly occupied by Staples, joining a tenant roster that includes J.C. Penney, Best Buy, Marshalls, Rack Room Shoes and Chick-fil-A. Greg Stackhouse of New Regional Planning represented Burlington in the lease negotiations. Nina Irwin of NewQuest represented the landlord on an internal basis.
SCHERTZ, TEXAS — Atlanta-based developer Core5 Industrial Partners has completed an approximately 1 million-square-foot project in Schertz, a northeastern suburb of San Antonio. Core5 Logistics Center at Interstate 10 is located at the convergence of Loop 1640 and I-10 and adjacent to the future site of an H-E-B grocery store. The property consists of two buildings totaling 536,824 and 468,280 square feet. Building A features a cross-dock configuration, 110 dock-high doors, four drive-in doors, 36-foot clear heights and 134 trailer storage spaces. Building B has a rear-load configuration and offers 72 dock-high doors, two drive-in doors, 36-foot clear heights and 84 trailer storage spaces. Cushman & Wakefield is marketing the buildings, which represent Phase I of a larger development, for lease.
HOUSTON — Colliers has brokered the sale of a 135,641-square-foot office building in the Uptown/Galleria area of Houston. According to LoopNet Inc., the eight-story building at 675 Bering Drive was originally constructed in 1982 and renovated in 1999. David Carter of Colliers represented the seller and procured the buyer, both of which requested anonymity, in the transaction. The building was 76 percent leased at the time of sale. The sales price was also not disclosed.
LEWISVILLE, TEXAS — Marcus & Millichap has arranged the sale of a 96-room hotel in the northern Dallas suburb of Lewisville. The Homewood Suites by Hilton Dallas-Lewisville was built in 1995 and renovated in 2008. Amenities include a pool, fitness center and two meeting/event spaces. Chris Gomes and Skyler Cooper of Marcus & Millichap represented the seller, Brandy Lodging LLC, in the transaction. The duo, in conjunction with Allan Miller of Marcus & Millichap, also procured the buyer, Centerpoint Hospitality.
HOUSTON — SM Energy has signed a 20,324-square-foot office lease expansion in Houston’s Energy Corridor area. The independent oil and gas provider will soon occupy 41,454 square feet across two newly renovated floors at One Eldridge, a 12-story, 245,315-square-foot building that is part of a larger campus owned by Granite Properties. Steven Mulhern of Mulhern Co. and Bill Scott of Real Estate One represented SM Energy in the lease negotiations. Jon Dutton and Andrew Elliott represented Granite Properties on an internal basis.
FORT WORTH, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 14,775-square-foot lease in Fort Worth. According to LoopNet Inc., the industrial flex building at 200 N. Vacek St. was originally constructed in 1950 and totals 49,130 square feet. Jake Neal and David Cason with Holt Lunsford Commercial represented the tenant, Ambiance Textiles, in the lease negotiations. The name and representative of the landlord were not disclosed.