Southwest ADI, a General Motors accessories distributor owned by Fort Worth’s Frank Kent Motor Co., has bought the former Sealy bedding plant in North Richland Hills, where it plans to relocate and expand in a few months.
The 15-acre property, at 6550 Wuliger Way, is just north of NE Loop 820, near Iron Horse Boulevard. It has been vacant for about 18 months.
Southwest ADI will move from 205 Vacek St., an 82,000-square-foot building that has been sold by VTP Realty, a partnership of Will Churchill, Corrie Churchill Watson and Will Martin, a commercial real estate investor and broker. In 2010, VTP Realty bought the former Sprint Press facility to relocate and expand the company.
VTP Realty sold the Vacek property to WS Vacek Investment LP, a Fort Worth investment group of Susan Gruppi and Jessica Worman, records show. Ryan Matthews with Jones Lang LaSalle represented them in the purchase.
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Martin said the new location will be remodeled before Southwest ADI moves. The property has four acres of expansion space, said Martin, with Will Martin & Co. The property was sold by the Hal Allen Family LP of El Paso, deed records show. Jeff Givens with Transwestern represented the seller.
Southwest ADI is the exclusive automotive accessories distributor for General Motors brands in the Dallas-Fort Worth, Austin, San Antonio, Houston, and Southern Valley areas. This new location will employ approximately 50 fulltime employees in conjunction with space to train up to 75 people from the dealers they service.
“We spent months looking for the right place to locate our new headquarters and could not be any more pleased with our choice,” said Churchill, president of Frank Kent Motor Co. “There were many hurdles to overcome and the entire city of North Richland Hills staff worked tirelessly to make it happen.”
Martin also represented the Churchills in buying 215 and 219 S. Main St. in Fort Worth, a 15,000-square-foot building that was the longtime home of the Region & Wilson Advertising firm and the regional office for Illinois-based Greenlee Textron.
Two Fort Worth firms and an Arlington business leased space in the building in April. The building was sold by an entity of James R. Harris Partners in Fort Worth, which was represented by Blake Lloyd with CBRE.
Church buys former union hall
After three years on the market, the Plumbers & Steamfitters Union Local 146 has sold its former meeting hall and training center on East Lancaster to Fort Worth City Church.
Built in 1952, the 8,205-square-foot building sits on nearly 0.8 acres at 2640 E. Lancaster Ave. The single-story building has office and conference areas on the main floor, and a full basement.
Fort Worth City Church is planning a major renovation of the structure, which will be used as a ministry outreach center, said Beaux Riley with CB Commercial Alliance DFW, who represented the buyer.
Fort Worth City Church was established in 2009 and merged with another congregation in 2013. Services are held at 4449 Camp Bowie Blvd.
Chris Taylor with Ridgeline Real Estate represented the buyer.
Minker to lead brokerage unit
Colliers International, as a result of its recent acquisition of CASE Commercial Real Estate, has expanded into self-storage brokerage.
Colliers International Self Storage Advisory Services is the North Texas affiliate of the ARGUS Self Storage Sales Network and offers brokerage services, market studies and valuation services for financing.
Richard Minker, formerly with CASE and now a senior vice president with Colliers in Fort Worth, will lead Colliers Self Storage Advisory team, which includes Chad Snyder, senior associate, and Dani Hall, marketing associate.
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Sandra Baker, 817-390-7727