Williams-Sonoma to locate regional distribution center in Arlington
04/15/2014 4:09 PM
04/15/2014 4:10 PM
Williams-Sonoma, the San Francisco-based retailer of gourmet cookware and home furnishings, has leased the new 821,500-square-foot Arlington Commerce Center for a regional distribution center.
Barney Sinclair, a principal and investment officer with Exeter Property Group in Dallas, which developed the center, said construction will be completed at the end of the month on the building, followed by the tenant interior work by the end of the May. Williams-Sonoma is expected to move in after construction is completed, he said.
Last June, the Arlington City Council approved a seven-year, 75 percent tax abatement for the $20 million Arlington Commerce Center, located at the southeast corner of New York Avenue and Bardin Road, just south Interstate 20 near Texas 360. The economic incentive was expected to save Exeter 4900 Sherry L.P. about $700,000 in property taxes and fees on the 45-acre site.
Construction on the center began in June without a tenant in place. But because demand is so strong for large, industrial facilities along the Interstate 20 corridor, Sinclair said they didn’t think the building would stay vacant for long.
Williams-Sonoma became interested in the speculative building at the end of 2013 and was one of several sites the retailer was evaluating, he said.
Williams-Sonoma operates stores on Fort Worth, Southlake, Dallas, Plano and Frisco. The company did not return phone calls seeking comment on its plans for the Arlington center.
Chris Teesdale and Tom Pearson with of Colliers International represented Williams-Sonoma. Dave Anderson with CBRE represented Exeter.
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