This Week's Dallas-Fort Worth Deal Sheet
Wallbox, a manufacturer of electric vehicle chargers, has opened its first North American plant in Arlington.
The 130K SF facility at 2240 Forum Drive is expected to produce more than 250,000 chargers by the end of this year and more than 1 million in 2030, according to a company news release. The $70M investment is expected to bring 250 jobs to the Arlington area by 2025 and about 700 by 2030.
“Today, only 3% of the chargers required globally for the next decade have been installed, showing the magnitude of the need for innovative and reliable charging solutions,” Wallbox CEO Enric Asunción said in the release. “Bringing Wallbox’s manufacturing capabilities to the U.S. significantly bolsters our ability to meet U.S. needs, deliver to public funding programs and drive the energy transition.”
Phase 1 of development included 78K SF of office space, research and development areas, storage, warehouse and production space. The remainder of the plant is scheduled for completion by the third quarter of next year, according to Arcadis, the firm overseeing the design and development of the facility.
LEASES
American Auto Auction Group leased 15K SF at The Colonnade, located at 15301 North Dallas Parkway in Addison. J.J. Leonard and Ryan Evanich with Stream Realty Partners represented the landlord, Fortis Property Group. Joe Siglin of Newmark represented the tenant.
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Stream Realty Partners also announced the following leases:
— Piedmont National Corp. leased 68K SF at Core35 Logistics Center, located at 2351 Walnut Hill Lane in Dallas. Stream's Lena Pierce, Ryan Boozer and Sarah Ozanne represented the landlord, Crow Holdings Industrial. JLL represented the tenant.
— Gulf Relay leased 291.5K SF at Westside 35, located at 2555 Downing Drive in Fort Worth. Stream's Forrest Cook, Jeff Rein, Ozanne and Seth Koschak represented the landlord, Crow Holdings Industrial. Colliers International represented the tenant.
— Builders Alliance leased 58K SF at Midway Logistics Park, located at 6781 Midway Road in Haltom City. Stream's Brett Carlton, Cook and Koschak represented the landlord. Swearingen Realty Group represented the tenant.
— Now Optics leased 54.6K SF at 1674 Cypress St. and 1680 Hickory Drive in Haltom City. Stream's Cook and Rein represented the tenant. Todd Hubbard with NAI Robert Lynn represented the landlord, Hayco Realty.
— Goranson Bain Ausley renewed 11.6K SF at The Gild North, located at 8350 North Central Expressway in Dallas. Stream's Marissa Parkin, Matt Wieser and Patrick Cruz represented the landlord, Fenway Capital Advisors. Cushman & Wakefield represented the tenant.
— King Operating Corp. leased 17K SF at The Colonnade, located at 15301 North Dallas Parkway in Addison. Stream's J.J. Leonard and Ryan Evanich represented the landlord, Fortis Property Group. Rob McDowell with Colonnade Investments represented the tenant.
— Dykema Gossett expanded into 48K SF at Comerica Bank Tower, located at 1717 Main St. in Dallas. Stream's Leonard, Wieser and Rhett Miller represented the landlord, TriGate Capital. Phil Puckett and Harlan Davis of CBRE represented the tenant.
— Elliott Electric Supply expanded into 32K SF at Pioneer 360 Business Center in Arlington. Stream's Luke Davis and Timothy Phillips represented the landlord, Ares Management. NAI Robert Lynn represented the tenant.
— Agility Auto Parts renewed 408K SF at Pioneer 360 Business Center in Arlington. Stream's Davis and Phillips represented the landlord, Ares Management. JLL represented the tenant.
— Karpal leased 50K SF at 12750 Perimeter Drive in Dallas. Stream's Adam Jones represented the tenant, while Stream's Ryan Wolcott represented the landlord, DRA Advisors.
— Green Light Distribution leased 101K SF at 555 Airline Drive in Coppell. Stream's Jeremy Kelly and Ozanne represented the landlord, Link Logistics. Lee & Associates DFW represented the tenant.
— Ecolab renewed 241K SF at DFW Trade Center, located at 4050 Corporate Drive in Grapevine. Stream's Kelly and Ozanne represented the landlord, LaSalle Investment Management. Knight Frank represented the tenant.
— InfoImage of California renewed 47K SF at 875 West Sandy Lake Road in Coppell. Stream's Kelly and Ozanne represented the landlord, Clarion Partners. Property Advisors Realty represented the tenant.
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Texas Almet leased 43K SF of warehouse space at 501-509 106th St. in Arlington. Canon Shoults with Holt Lunsford Commercial represented the landlord, while Scott Voelkel of Dickey Property Co. represented the tenant.
SALES
GSK Acquisitions purchased a 153K SF industrial building at 600, 812 and 900 East Ninth St. in Fort Worth. Forrest Cook and Seth Koschak with Stream Realty Partners represented the seller, UNPJ Holding. David Sours with CBRE represented the buyer.
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Technology platform Keyway acquired its first DFW property, the 157-unit Lakeside on Spring Valley apartment complex in Richardson. The 15-building community will be rebranded following a $3M renovation.
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Marcus & Millichap arranged the sale of The Life at Stone Crest, a 153-unit tax credit apartment property built in 2002 at 3015 East Ledbetter Drive in Dallas. Al Silva, senior managing director of investments, and Ford Braly, first vice president of investments in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a large national owner and operator from New York. The property was secured by a Dallas-based investor in a 1031 exchange from a property recently sold by the Silva Braly team. The new owners plan to make significant upgrades to the property.
CONSTRUCTION AND DEVELOPMENT
KDC completed the new Children’s Advocacy Center of Collin County building in McKinney. The development firm partnered with the Advocacy Center to build the new Speese Campus, the center’s second full-service facility offering free services to child victims of abuse or neglect. Located at 1701 Heritage Drive, the Speese Campus comprises 40K SF across two floors and houses family advocates and forensic interviewers, along with professionals from the Texas Department of Family and Protective Services, Collin County Sheriff’s Office, and Anna, Celina, Frisco, McKinney and Princeton police departments.
FINANCING
Dallas-based proptech firm Aerwave secured $20M in Series A funding, led by Moderne Ventures with participation by World Cinema Inc., Equity Residential Inc., RWT Horizons and Westover Cos. The investment will allow Aerwave to substantially scale its operating platform to deliver services to more rental communities nationwide.
THIS AND THAT
Dallas-based architecture firm three launched cura interiors, a studio devoted to creating corporate workplaces as well as country clubs and other leisure settings. Cura interiors will be led by three Director of Interior Design Sarah Bay. The studio's first project will be a major renovation of the clubhouse at Pinnacle Golf Club, a residential-recreational community on Cedar Creek Lake, about an hour southeast of Dallas.
