Work nearing completion on renovations to Meacham Crossing plant once planned for ConAgra

08/17/2014 9:10 AM

08/17/2014 9:11 AM

KTR Capital Partners in New York has started marketing for lease an industrial building once being built for ConAgra Foods in the Railhead Industrial Park in north Fort Worth. The building is now called Meacham Crossing.

In January, KTR Capital bought the unfinished 502,230-square-foot building, which sits on 27.7 acres at 4601 Gold Spike Drive, west of Northeast Loop 820 and Interstate 35W, from FTS International.

FTS, formerly known as Frac Tech Services, bought the building from ConAgra in 2011 when it had plans for a manufacturing, repair and testing facility. But it canceled that project and put the building on the block in 2013 after natural gas prices fell.

ConAgra stopped construction on what was to be a factory in 2007 when it changed strategies. The company once planned for 400 workers in Fort Worth.

KTR has spent several months completing and renovating the building. The building will now be divisible to 183,730 square feet of space, the company said.

The work is scheduled to be completed in the fourth quarter. Jim Brice, Matt Carthey and Donnie Rohde of Holt Lunsford Commercial are leasing the project.

KTR is a real estate investment, development and operating company focused on industrial property. KTR funds currently own approximately 60 million square feet across North America and provide nearly $7 billion of investment capacity.

University Park Village considering expansion

Glimcher Realty Trust, a Columbus, Ohio-based real estate investment trust, is considering adding on to University Park Village, the upscale shopping center off South University Drive near Interstate 30.

Glimcher bought the 173,220-square-foot property in January 2013. The center opened in 1986. It is 100 percent leased.

Filings show that Glimcher is considering two buildings totaling a little over 30,000 square feet, costing about $3.6 million to build.

Susan Holland, property manager, said that the company is considering the additional space but that nothing has been decided. She declined to say where the new buildings could go or whether the expansion will happen.

“University Park Village continues to see significant interest from retailers looking to join the center,” she said.

The latest retailer to open there is Kendra Scott. Athleta, Michael Kors and Sephora are scheduled to open this year.

Transactions

5717 SW Green Oaks Blvd., Arlington

Joe Colopy of Colopy Chiropractic has leased 1,300 square feet of retail space in the Overland Stage Shopping Center. Phil Young and Jim Maibach of Peyco Southwest Realty represented the tenant. Troy Morgan of Structure Commercial represented the landlord .

Glade Road and Highway 26, Colleyville

Supercuts has leased 1,054 square feet of retail space in Colleyville Downs for a new barbershop. Hank Wright and Joey Keffler of the Weitzman Group represented Supercuts. Perren Gasc of Centennial Retail Services represented the landlord.

2620 Corzine Drive, Dalworthington Gardens

LSS Investments has bought a 4,600-square-foot office/warehouse building. Jordan Foster and Austin Goode of Peyco Southwest Realty represented the seller, Hesse Industrial Sales. Pat Arlington of Re/Max Associates represented the buyer.

6825 Manhattan Blvd., Fort Worth

Premium Truck Driving School has leased 4,625 square feet of office space. Colt Power of NAI Robert Lynn represented the landlord.

851 W. Terrell Ave., Fort Worth

Myram LLC has bought a 5,732-square-foot medical office building for its use. Roger Smeltzer and Scott Lowe of Vision Commercial negotiated the sale. The building was sold by LJM Properties.

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