North Texas commercial construction contracts drop in March

Posted Monday, May. 06, 2013  comments  Print Reprints
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North Texas commercial construction contracts plummeted in March, falling 44 percent from a year ago, according to the latest McGraw-Hill Construction report.

Contracts for future construction totaled $251 million, down from $446.9 million in March 2012, the report said.

But residential contracts totaled $652.1 million, up 11 percent from a year ago. The housing market locally and nationwide has been rebounding for several months.

Statewide, commercial construction contracts in March totaled $1.1 billion, down 2 percent from March 2012. Residential contracts totaled $2.2 billion, up 18 percent.

Arlington property sold

The former Arlington Sporting Goods property on South Cooper Street, which has been vacant several years, has changed hands.

The 8,700-square-foot building was bought by Safelite Auto Glass, which plans to open an auto glass repair shop in September.

The property was sold by Asg Texas No. 1, a limited partnership of N3 Real Estate in Southlake.

Asg bought the property in 2005. The business has been shuttered for several years.

James Pangman of Pangman Commercial Realty represented the buyer.

Architecture center event

Landscape designer Ange Harvey will join Joe and Tracy Self on Wednesday at the Center for Architecture to talk about how yard art is a reflection of personal passions and a shared culture.

The talk, “Pink Flamingos & Painted Trees,” will run from 7 to 8 p.m. at the center, 3425 W. Seventh St.

Harvey explores the thoughts and dreams behind art landscapes.

The program is free and open to the public.

Transactions

801-31 S. Great Southwest Parkway, Arlington

School Express has leased 6,440 square feet of warehouse space from First Industrial Texas. Erik Blais of Bradford Commercial represented the tenant. Kacy Jones of CBRE represented the landlord.

461 Westpark Way, Euless

Jerry Lugger has sold a 4,334-square-foot medical office building to Mayfield Real Estate Holdings. Mark Howe of Howe/Wood & Co. represented the seller.

1112-1114 E. First St., Fort Worth

Meyer Property Management has bought a 4,200-square-foot office building downtown from Kirk C. Miller & Co. Nathan Vasseur of Coldwell Banker Commercial Searcy Vasseur Group represented the seller.

5208 Airport Freeway, Haltom City

Ron Sturgeon Real Estate has bought a 16,388-square-foot building from 5208 Partners L.P., an entity controlled by Gulf States Properties and its principals, Kirk C. Miller and William Cowan. Gary and Nathan Vasseur of Coldwell Banker Commercial Searcy Vasseur Group represented the seller. Jordan Foster of Peyco Commercial Real Estate represented the buyer.

6238 Rufe Snow Drive, North Richland Hills

Anglers Pro Tackle has leased 6,100 square feet in the Rufe Snow Village Shopping Center. Jon McDaniel of NAI Robert Lynn represented the tenant.

Sandra Baker, 817-390-7727 Twitter: @SandraBakerFWST

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