Tubing Central Snaps Up 24,419-sf Balance Of Carter Business Center in S. Fort Worth

In Press Releases by Bradford

FORT WORTH – Tubing Central LLC has expanded and relocated its headquarters office and regional distribution center to Carter Business Center in south Fort Worth, returning the class A project to 100% occupancy in less than 90 days of downtime.   The project’s new tenant has backfilled a 24,419-sf end cap at 7865 Will Rogers Blvd., inking a long-term lease …

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Texas best state for business

In Industry News by Bradford

ENGLEWOOD CLIFFS, N.J. (CNBC) – Texas snagged the top spot on CNBC’s list of America’s top states for businesses. The Lone Star state scored 1,651 out of 2,500 points, making it the only state to be named a four-time winner since the study’s creation in 2007. Texas has placed in the top five every year. Texas ranked first in the …

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Daikin Applied Relocating, Expanding Regional Parts Facility in September

In Press Releases by Bradford

IRVING, Texas – Daikin Applied, a global leader in the HVAC industry, will move in September to the DFW Airport submarket, signing a long-term lease to double the size of its regional parts facility. The Minneapolis-based company has leased 13,000 sf in Las Colinas Distribution Center 5, a two-building industrial project at 3241-51 Story Rd. W. in Irving. The relocation …

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Vacant Buildings Not Sitting Vacant

In Industry News by Bradford

DALLAS—Last week, Robert Kramp, director of research and analysis in the Texas and Oklahoma division of CBRE, provided a RealShare Texas sneak peek about population growth and e-commerce trends. But there is so much more going on in DFW in terms of construction, leasing and rent growth. In the first of a two-part exclusive, Kramp provided further insight into those …

Driven by In-Migration, Dallas-Fort Worth Population Growth Tops the Nation

In Industry News by Bradford

Demographic Trends Boosting Commercial Real Estate in the Metroplex By David Kahn June 15, 2018 Dallas-Fort Worth has added about 1.1 million new residents since 2010, about the same number as Houston. While the rate of population growth on a percentage basis is higher in smaller metros like Austin or San Antonio, nominal growth rates in D-FW and Houston far …

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It Would Take a Lot to Gut Industrial Demand

In Industry News by Bradford

DALLAS—Texas’ population is projected to grow to 32.7 million people by 2030. Moreover, industrial fundamentals should remain on a positive trend for the foreseeable future and the state is well positioned to weather any future economic headwinds. Unless a major geopolitical situation arises, it’s hard to fathom demand becoming short-circuited for industrial space in Texas, says Robert Kramp, director of …

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Deal of the Month – DFW East Logistics Center

In Press Releases by Bradford

DALLAS, TX – Bradford Development Company, Inc. announced the sale of DFW East, a 259,600sf industrial development on the eastern edge of DFW Airport, near Highway 161 and Walnut Hill Ln in Irving. Randy Baird and Jonathan Bryan represented Bradford on the sale.  The buyer was Hines Industrial.  Kevin J Santaularia, Bradford CEO, quoted “we exceeded our expectations on the …

Fastenal, Dairy Max Ink Leases for One Paddock Place

In Press Releases by Bradford

GRAND PRAIRIE, Texas — The Fastenal Co. and Dairy Max Inc. have signed long-term leases for One Paddock Place, a recently upgraded office flex property in the Upper Great Southwest Industrial District.   Fastenal will be relocating its Arlington hub in early June to 7,685 sf at 2214 Paddock Way. The new space will include a 3,000-sf showroom to display …

How Industrial Became CRE Financing’s Newest Sweetheart

In Industry News by Bradford

Many commercial lenders in 2018 have carved out new policies for pricing discounts on quality industrial properties in core markets. Over the last few years, industrial properties have risen through the ranks among banks and other commercial real estate lenders to become financing’s new sweetheart property type. These include core market warehouse and distribution centers, refrigeration/cold storage centers, flex buildings, …

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Forbes: Dallas, Austin best big cities for jobs

In Industry News by Bradford

WASHINGTON (Forbes) – Dallas-Plano-Irving and Austin-Round Rock took the top two spots on Forbes‘ list of America’s best large cities for jobs ​​in 2018. The Dallas area had 2.6 million jobs in 2017, a 2.8 percent increase from the previous​ year. That’s 19.6 percent growth since 2012 and 25.6 percent since 2006. The city’s job growth is paced by strong …

Local Investor Buys Warehouse Near Historic Downtown

In Press Releases by Bradford

CARROLLTON, Texas A Dallas-based investment group has scooped up a 22,506-sf warehouse in Valwood Industrial Park, zeroing in on the one-acre property for its proximity to downtown Carrollton. The 60%-leased building at 1208 Tappan Circle is located two blocks from the historic downtown, a thriving marketplace of retail, restaurants and community services. The buyer of record is CCG Valwood LP, …

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Dotzour Sees ‘Clear Sailing Ahead’ in Economic Forecast

In Industry News by Bradford

Austin, TX – The U.S. economy is in the midst of its second longest expansion in history – 106 months and counting – but for the CRE industry, that juggernaut may be reaching its peak. Although leading indicators are showing no signs of a recession, a slight cooling period may be in the offing in the major metros, according to …

E-Commerce Means The Future For Investors Lies In Warehouses

In Industry News by Bradford

Industrial REIT returns are poised to outperform every other REIT sector for the second year in a row. Industrial REITs, such as Prologis, Rexford Industrial Realty and Terreno Realty all returned more than 16% in the past year, cruising past other types of real estate. They even beat their own peers in the Bloomberg REIT Industrial/Warehouse index, which enjoyed an …

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Balfour Beatty Renews HQ Lease Early, Extends Term in Citymark at Katy Trail

In Press Releases by Bradford

DALLAS – In a testament to its headquarters location, Balfour Beatty Construction has signed a 46,694-sf early renewal and long-term extension of its class A lease in Citymark at Katy Trail in Uptown, a prominently positioned mid rise in one of Dallas’ most noted office districts. Balfour Beatty has retained its position as the largest tenant at 3100 McKinnon St., …

Office Campus at Allen Fields Triple Leasing Play

In Press Releases by Bradford

ALLEN, Texas – In back-to-back signings, Bradford Commercial Real Estate Services has secured two new tenants plus a renewal and expansion for the Office Campus at Allen in Collin County. The 105,103-sf, two-building office project, fronting Central Expressway, is 96% leased as a result of the latest leasing activity. ▪ Eggar Insurance Services Inc. has subleased 10,105 sf in Building …

2017 Power Broker Award for Bradford Companies

In Bradford Buzz by Bradford

        Bradford Companies awarded CoStar’s 2017 Top Firm Power Broker Award in the Dallas/Fort Worth market. Bradford’s winning performance places you in elite company. Top Firm award is based on the company’s overall transaction volume in 2017 as reported to CoStar, and measured against all active commercial real estate firms in the Dallas/Fort Worth Market.

Congratulations to CORFAC’s 2017 COR$TAR Award Winners

In Bradford Buzz by Bradford

CORFAC International is pleased to announce the winners of the 2017 COR$TAR Awards, which recognize individuals and firms for their referral transaction activity within the network. The awards were presented during the annual awards dinner at the CORFAC Spring Conference in Austin, Texas, on March 2. The awards recognize the largest member-to-member referral transactions in the office, industrial, retail and investment/other sectors for …

Coppell’s Sandy Lake Business Center Attracts 1st Commercial Basketball Club in North Texas

In Press Releases by Bradford

DALLAS – The nation’s only full-service fitness club dedicated to basketball has opened its first location in North Texas, zeroing in on Sandy Lake Business Center’s youth-driven tenant roster as the catalyst for a 10-year lease.  PickUp USA Fitness is occupying a 16,936-sf end cap in an industrial flex project at 989 W. Sandy Lake Rd., Coppell’s primary artery connecting …

Medical Office Building Sells Off Market In Quartet of 30-Day Round of Closings

In Press Releases by Bradford

DALLAS – In an off-market transaction, Texas Digestive Disease Consultants has acquired one of its leased sites, Elmbrook Medical Plaza, to keep pace with its continually expanding office needs in Greater Dallas. The 45,000-sf building is situated on 2.12 acres at 8267 Elmbrook Dr. at the edge of the Dallas Medical District. The sale was one of four that was …

February Deal Makers

In Press Releases by Bradford

LFP Real Estate LP has sold 8.44 acres at the corner of East Bethany Drive and South Greenville Avenue in Allen to Bethany at Greenville 2017 LP. Susan Singer, executive vice president of Bradford Commercial Real Estate Services, who represented the seller. Jim Christon of Christon Co. represented the buyer. Questar Solutions LLC has leased 26,600 sf of industrial space …