Our Nation’s Best Sports company getting ready to start construction on new offices

Posted Monday, Jul. 15, 2013  comments  Print Reprints
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Our Nation’s Best Sports, a Fort Worth-based firm that buys and distributes sporting goods to more than 300 retailers, has completed its deal to buy a nearly 14-acre site off of Fossil Creek Boulevard, where it will begin building a 60,000-square-foot office and distribution center.

Company President Jim Chandley said two offices will be consolidated at the new location, which is near Stratum Drive. The company has 43 employees.

“This is a good chance to bring everyone back together,” he said.

The site is being replatted and once that is done, they’ll be able to file for building permits, Chandley said. He said he expects construction to start in August and be completed in about six months.

The Fort Worth City Council in May approved a 10-year, 50 percent tax abatement on the project, which potentially provides a rebate of $126,925.

The land was sold by the Nancy Ann and Ray L. Hunt Foundation in Dallas.

Grapevine distribution center sold

Northfield Distribution Center in Grapevine has been bought by EastGroup Properties, a Jackson, Miss.-based real estate investment trust for $70.7 million.

The property, at Dallas and Minters Chapel roads, consists of eight distribution buildings totaling about 788,000 square feet. the buildings were constructed from 1999 to 2008. The property was 100 percent leased to 31 tenants at the time of the sale in May, EastGroup said.

The purchase increases EastGroup’s ownership to 2.9 million square feet in the Dallas area, said David Hoster II, EastGroup’s president and CEO. Its portfolio has 33 million square feet. EastGroup focuses on development and acquisitions in Florida, Texas, Arizona, California and North Carolina.

It bought Northfield from AMB Property Holding Corp. in Boston, deed records show.

Transactions

2217 Martin Drive, Bedford

AAA Enterprises has bought a 3,200-square-foot office building. Jim Leatherwood with Silver Oak Commercial Realty represented the buyer. Russ Webb and LeAnn Brown with Silver Oak represented the seller, JPC Realty Ltd.

4012 Gateway Drive, Colleyville

Stand Firm World Ministries has sold its 1,112-square-foot office to an investor. LeAnn Brown with Silver Oak Commercial Realty represented the seller.

62 Main St., Colleyville

Sweet and Sassy Franchising, a children’s salon, has leased 1,100 square feet for a corporate office. LeAnn Brown with Silver Oak represented the landlord.

8821 David Blvd., Keller

TAK Enterprises has bought a 2.4-acre tract for a garden office project. Ashley Moss with Moss Commercial represented the buyer. Russ Webb and Jim Leatherwood with Silver Oak represented the seller, JDAB 287 L.P.

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

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