Area commercial construction contracts gain 23 percent in October

Posted Sunday, Dec. 22, 2013  comments  Print Reprints
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Commercial construction contracts in October on projects including offices, shops, hotels and warehouses totaled $249.7 million in North Texas, a 23 percent increase from the same month in 2012, according to McGraw Hill Construction.

Residential building contracts for October totaled $713.6 million, up 3 percent from October 2012.

For the first 10 months of the year, nonresidential contracts totaled $4.6 billion, a 36 percent gain from $3.3 billion in the same period of 2012. Residential contracts through October totaled $7.1 billion, up 22 percent from 2012, McGraw Hill said.

In Texas, nonresidential contracts totaled $1.6 billion in October, compared with $1.3 billion in the same month a year ago, a 21 percent climb. Residential building remained flat at $2.1 billion.

For the year through October, nonresidential contracts totaled $14.1 billion, a 19 percent jump from the first 10 months of 2012. Residential building totaled $22.7 billion for the first 10 months, up 16 percent.

SpawGlass moves to near south side

SpawGlass contractors, based near San Antonio, has moved to a larger Fort Worth location.

The company, now in its 60th year, moved to a 3,600-square-foot office at 1000 W. Magnolia Ave. It had been downtown at 777 Main St. since it opened here three years ago.

The Fort Worth office recently completed an $8 million, 750-space parking garage at the University of Texas at Dallas and the $18 million phase two of the UT Health Northeast Academic Center. It has been awarded the contract to build the Vantage at CityView, a four-story assisted-living and memory-care facility to be completed late next year.

Transactions

2401-2407 Centennial Drive, Arlington

Impex Forwarding Agency has leased 32,230 square feet of industrial space. Becky Thompson represented the tenant. Kacy Jones and Wilson Brown of CBRE represented the landlord, First Industrial Realty Trust.

811 W. Interstate 20, Arlington

USMD PPM LLC, an oncology practice, has leased 4,918 square feet in the USMD Arlington Medical office building. Renee Efimoff of SCM Real Estate Services represented the landlord, USMD Hospital at Arlington L.P.

425 N. Burleson Blvd., Burleson

A 1,500-square-foot automotive repair shop has been sold by race car driver David Painter to two brothers from Cleburne. Dawn Gazaway-Potthoff of Coldwell Banker Commercial NRT represented the seller. Amy Bower of Keller Williams represented the buyer.

850-1150 Blue Mound Road, Fort Worth

Jessie Gutierrez has leased 1,200 square feet for a hobby shop; EFT Holdings has leased 12,000 square feet for an automotive repair facility; Chase Medford has leased 1,600 square feet for an office and storage center; Texas T&R has leased 2,000 square feet for a fabrication and storage facility for its fencing company; MSO Technologies has leased 1,500 square feet of office space; and Ron and Elizabeth Sullivan have leased 1,500 square feet for an athletic training center. Jim Eaton of Ron Sturgeon Real Estate represented the landlord.

1551 S. Cherry Lane, Fort Worth

Luby's Restaurants has sold an 11,262-square-foot building on 2 acres to RLB Assets. Karen Simon and Erik Blais of Bradford Commercial Real Estate Services represented the seller. Nathan Vasseur of Coldwell Banker Commercial Searcy Vasseur group represented the buyer.

1170 109th St., Grand Prairie

GP 1170 LLC has sold a 92,500-square-foot warehouse to an out-of -state partnership called 1170 109th Street. Michael Spain and Jason Miller of Bradford Commercial Real Estate Services represented the seller. Lissa Cooke of Cooke Swaney & Cooke represented the buyer.

1807 Keller Parkway, Keller

Rhett Realty Investors has sold 10.7 acres, with 5.6 acres sold to the Greater Keller Women’s Club Foundation and the remainder to Don Bowden in Keller, according to deed records. Ben McBroom and Jim Sager of Transwestern represented the seller.

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

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