Former semiconductor facility in Arlington is under contract

The former National Semiconductor property on Bardin Road in Arlington is under contract to a buyer that appears to have plans to redevelop the property.

Nicole Bernard, a spokeswoman with Dallas-based Texas Instruments, which acquired the property at 1111 W. Bardin Road in 2012 when it bought National Semiconductor, said she could not name the buyer. And Scott Jessen, a broker with Citadel Partners who is listing the property for Texas Instruments, also declined to comment on the pending sale.

But according to a state regulatory filing, Flaherty Development in Southlake, owned by Brian Flaherty, is slated to begin construction on a $30 million warehouse project called Bardin Road Warehouse in June and complete the project a year later.

Flaherty could not be reached for comment.

The 71-acre property includes a two-story, 441,362-square-foot semiconductor plant, but that is being torn down. National Semiconductor closed the plant in 2010, and the property has sat vacant since.

In the filing, Flaherty is listed as the owner under the name CPF Bardin Jv L.P. The entity was registered in mid-March in Delaware and Texas, records show.

Also registered at the same time are seemingly related entities called CPF Bardin Investors Llc. and CPF Bardin Land, which are registered to Cornerstone Real Estate Advisers in Chicago.

These types of projects are not new to Flaherty. In 2007, he bought the former Festival Marketplace shopping center at Texas 360 and Pioneer Parkway in Arlington, demolished the shopping center and turned the property into the Pioneer 360 Business Center, with warehouse and distribution buildings.

In 2009, Flaherty sold the Pioneer 360 Business Center to the New York City-based ING Clarion real estate firm, which had been under contract to buy the property when Flaherty completed the development.

Projects honored

Three Fort Worth projects have won awards recently.

The 800-acre Panther Island Project of the Trinity River Vision Authority was recognized as the best Next Big Idea by the Urban Land Institute North Texas as part of the organization’s Impact Awards program.

Three finalists presented their projects to an audience at the awards event in Dallas, and the audience chose the winner.

“Panther Island is underway now and we are excited to shape the future of Fort Worth,” said J.D. Granger, executive director of the authority.

AUI Contractors in Fort Worth received a National Excellence in Construction Pyramid Award from the Associated Builders and Contractors at its national convention in Florida.

The award was for its work building the JFK Tribute and General Worth Square in downtown Fort Worth. The project was honored in the less than $2 million category.

Adolfson & Peterson Construction in Richardson received the same award in the $10 million to $25 million category for building the NBC DFW Studios on Amon Carter Boulevard, just south of Dallas/Fort Worth Airport in Fort Worth.

Transactions

600 112th St., Arlington

Complete Hospitality Solutions bought this 30,000-square-foot industrial building from Bonutti Properties in Effingham, Ill. Michael Stanzel of NAI Robert Lynn represented the seller. Ryan Boozer of Stream Realty represented the buyer.

120 Park Ridge, Hudson Oaks

Goldshire Equipment, which makes equipment for the fracking industry, has leased this 6,800-square-foot building from Taylor Brad. Gary Vasseur of Vasseur Commercial Real Estate represented the tenant. Dick Myers of Vasseur Commercial represented the landlord,

205 W. Hurst Blvd., Hurst

Bleacher Properties in Houston bought this 29,237-square-foot building. Michael Newsome of NAI Robert Lynn represented the seller, Gregory and Judy Ryback in Roanoke. Billy Freed of Nueces Partners represented the buyer.

104 Grapevine Highway, Hurst

Back in Motion Family Chiropractic has leased 3,438 square feet of office space. Lisa Rawlinson and John Lancaster of NAI Robert Lynn represented the landlord.

This story was originally published March 28, 2015 at 11:46 AM with the headline "Former semiconductor facility in Arlington is under contract."