by Ryan Salchert | Staff Writer, Dallas Business Journal
www.bizjournals.com
A joint venture featuring Dallas-based Ironwood Realty Partners and Fort Worth-based TCRG Properties will soon be adding 1.1 million square feet of spec warehouse space in Fort Worth.
In December, the venture broke ground on a 708,000-square-foot spec warehouse at Synergy Crossing, a 2.3 million-square-foot industrial park near the corner of Harmon Road and Golden Triangle Boulevard. Designed by Alliance Architects Inc., the building is expected to cost $20 million according to a document submitted to the Texas Department of Licensing and Regulation. The same document says that the warehouse will deliver by the end of 2020.
In another 90 days, a 400,000-square-foot warehouse will break ground next door. A nearby 24-acre corner lot is ready for development too, but Ironwood President and Founder Bob Rice says no plans have been finalized for the plot just yet.
These two new spec warehouses will join two more completed buildings at Synergy Crossing, which total 1.2 million square feet. Both properties have been fully leased to single users, says Rice. They include Dematic, which took a 707,000-square-foot warehouse last year, and Ceva Logistics, which took a 500,000-square-foot warehouse. The entire park is being leased by Ryan Wood of TCRG.
North Fort Worth's industrial vacancy rate was 5.8 percent at the end of 2019, according to the latest quarterly report by CBRE. The year ended with 12 million square feet still under construction, the most of any submarket in North Texas. Another 5.6 million square feet delivered last year in North Fort Worth. At the same time, absorption has been positive in the area, with 5.1 million square feet being occupied in 2019.
Ref: https://www.bizjournals.com/dallas/news/2020/01/20/ironwood-realty-partners-tcrg-properties.html
Monday, January 20, 2020
Tuesday, June 28, 2016
This Week's Dallas-Fort Worth Deal Sheet
by Julia Bunch | Dallas/Fort Worth
BisNow.com
TCRG Properties purchased a 12-acre site at 7100 Oakmont Blvd in Fort Worth. The site includes a 113k SF former hospital and a 12k SF former power plant.
TCRG plans to redevelop and lease out the property that once housed Baylor All Saints Medical Center. CBRE’s Bob Scully and Nanci Johnson-Plump repped the seller, Rainier Realty Investments. Ryan Wood with TCRG repped the buyer.
Ref: https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/
BisNow.com
TCRG Properties purchased a 12-acre site at 7100 Oakmont Blvd in Fort Worth. The site includes a 113k SF former hospital and a 12k SF former power plant.
TCRG plans to redevelop and lease out the property that once housed Baylor All Saints Medical Center. CBRE’s Bob Scully and Nanci Johnson-Plump repped the seller, Rainier Realty Investments. Ryan Wood with TCRG repped the buyer.
Ref: https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/
TCRG Properties
purchased a 12-acre site at 7100 Oakmont Blvd in Fort Worth. The site
includes a 113k SF former hospital and a 12k SF former power plant.
Read more at: https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/this-weeks-dallas-fort-worth-deal-sheet-61949?utm_source=CopyShare&utm_medium=Browser
Read more at: https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/this-weeks-dallas-fort-worth-deal-sheet-61949?utm_source=CopyShare&utm_medium=Browser
Sunday, February 28, 2016
This Week's Dallas-Fort Worth Deal Sheet
by Julia Bunch | Dallas/Fort Worth
BisNow.com
1301 Forum Way South has a new owner. Ryan Wood with TCRG Properties repped the seller, TCRG Opportunity VIII. PMRG's Kurt Cherry repped the buyer, AW Enterprises.
Ref: https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/
BisNow.com
1301 Forum Way South has a new owner. Ryan Wood with TCRG Properties repped the seller, TCRG Opportunity VIII. PMRG's Kurt Cherry repped the buyer, AW Enterprises.
1301 Forum Way South
has a new owner. Ryan Wood with TCRG Properties repped the seller, TCRG
Opportunity VIII. PMRG's Kurt Cherry repped the buyer, AW Enterprises.
Read more at: https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/this-weeks-dallas-fort-worth-deal-sheet-71538?utm_source=CopyShare&utm_medium=Browser
Read more at: https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/this-weeks-dallas-fort-worth-deal-sheet-71538?utm_source=CopyShare&utm_medium=Browser
1301 Forum Way South
has a new owner. Ryan Wood with TCRG Properties repped the seller, TCRG
Opportunity VIII. PMRG's Kurt Cherry repped the buyer, AW Enterprises.
Read more at: https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/this-weeks-dallas-fort-worth-deal-sheet-71538?utm_source=CopyShare&utm_medium=Browser
Read more at: https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/this-weeks-dallas-fort-worth-deal-sheet-71538?utm_source=CopyShare&utm_medium=Browser
1301 Forum Way South
has a new owner. Ryan Wood with TCRG Properties repped the seller, TCRG
Opportunity VIII. PMRG's Kurt Cherry repped the buyer, AW Enterprises.
Read more at: https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/this-weeks-dallas-fort-worth-deal-sheet-71538?utm_source=CopyShare&utm_medium=Browser
Read more at: https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/this-weeks-dallas-fort-worth-deal-sheet-71538?utm_source=CopyShare&utm_medium=Browser
Ref: https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/
Monday, November 9, 2015
Newly Formed TCRG Buys 680K SF in 45 Days
by Anna Caplan | Dallas/Fort Worth
GlobeSt.com
FORT WORTH. TCRG Properties LLC, a real estate investment company recently formed by Bobby Patton, has closed on its second large industrial deal in the last 45 days.
The Fort Worth-based firm has acquired some 680,000 square feet over that period of time, including 1400 Everman Parkway in Fort Worth, a 351,600-square-foot multi-tenant office/warehouse asset sold by Conti Warehouses. According to Ryan Wood, with TCRG, the property has 70,000 square feet of office space and approximately 280,000 square feet of warehouse.
“We were able to acquire a highly occupied asset in a sub-market with very little vacancy,” Wood told GlobeSt.com. “Conti Warehouses had done a great job maintaining the property and had made several significant upgrades in recent years. The location, size, and value we saw in property fit perfectly within our strategy for the portfolio.”
The previous purchase was an off-market deal of about 300,000-plus square feet, Wood says.Patton, a Fort Worth native, is a partner of Guggenheim Baseball Management, and part owner of the Los Angeles Dodgers. He principally operates oil and gas properties in Texas and Kansas and has additional investments in many other sectors, including ranching and insurance.
Wood says of TCRG that it is “aggressively pursuing large individual properties and portfolios, with a focus on the DFW market.”
Ref: GlobeSt.com
GlobeSt.com
FORT WORTH. TCRG Properties LLC, a real estate investment company recently formed by Bobby Patton, has closed on its second large industrial deal in the last 45 days.
The Fort Worth-based firm has acquired some 680,000 square feet over that period of time, including 1400 Everman Parkway in Fort Worth, a 351,600-square-foot multi-tenant office/warehouse asset sold by Conti Warehouses. According to Ryan Wood, with TCRG, the property has 70,000 square feet of office space and approximately 280,000 square feet of warehouse.
“We were able to acquire a highly occupied asset in a sub-market with very little vacancy,” Wood told GlobeSt.com. “Conti Warehouses had done a great job maintaining the property and had made several significant upgrades in recent years. The location, size, and value we saw in property fit perfectly within our strategy for the portfolio.”
The previous purchase was an off-market deal of about 300,000-plus square feet, Wood says.Patton, a Fort Worth native, is a partner of Guggenheim Baseball Management, and part owner of the Los Angeles Dodgers. He principally operates oil and gas properties in Texas and Kansas and has additional investments in many other sectors, including ranching and insurance.
Wood says of TCRG that it is “aggressively pursuing large individual properties and portfolios, with a focus on the DFW market.”
Ref: GlobeSt.com
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