Auto parts company to build distribution center in Flower Mound
Keystone Automotive Operations, a distributor and marketer of aftermarket automotive equipment and accessories, has leased 231,000 square feet of space for a new distribution and operations facility in the Lakeside Business District in Flower Mound.
Keystone Automotive said it expects to be in the building by October. It will create 100 jobs.
“This is great news for Flower Mound, as it has been a top priority of the town to add employment opportunities,” said Flower Mound Mayor Pro Tem Jean Levenick in a statement. “As we continue to add jobs, we are also strengthening our growing number of retailers and restaurants.
The Keystone building was developed and is owned by Exeter Property Group and is located at 351 Lakeside Parkway.
The Lakeside Business District is a 1,500-acre, master-planned area located three miles north of DFW Airport.
Keystone Automotive is based in Exeter, Penn., but operates 25 locations nationwide, including five distribution centers. Those are in Exeter, Atlanta, Kansas City, Ks., Corona, Calif., and Portland, Ore.
Keystone offers more than 300,000 parts from 800 suppliers. It delivers in all 48 continental U.S. states, in nine Canadian provinces and ships to 40 countries, its website said.
Dallas developer buying land in north Fort Worth
Dallas-based Stratford Land Co., which has been involved in several Tarrant County projects, has assembled more than 1,000 acres in far north Fort Worth, where a former Arizona developer wanted to build a master-planned community before falling into foreclosure, deed records show.
Steve Sanders, Stratford Land’s senior investment manager for Texas, confirmed the acquisitions, but declined to comment on the company’s plans. The land is in Denton County, off Texas 114 west of the Texas Motor Speedway.
Currently, Stratford Land is leading the 194-acre Riverwalk project at the northwest quadrant of Airport Freeway and Texas 360 in Euless. The firm has also partnered with Legacy Capital Partners for a 625-acre development along the Chisholm Trail Parkway, at McPherson Boulevard in far south Fort Worth.
David Maniatis, then CEO of Aperion Communities in Scottsdale, Ariz., first talked of a 2,660-acre project in 2005. The community was to include a mix of single-family homes, town homes and apartments, as well as shops and restaurants.
The development never got off the ground and by 2007 the project had shrunk to about 1,700 acres and was foreclosured on by three separate lenders. The land was also involved in some litigation.
Transactions
3751 New York Ave., Arlington
FlexXray has leased 39,624 square feet of industrial space. Trey Fricke and Reid Bassinger with Lee & Associates represented the tenant. Matt Dornak with Stream Realty Partners represented the landlord, G&I VII Midpoint L.P.
2001 Bonnie Brae, Fort Worth
Grace Presbytery Inc. has sold a 1.67-acre church site and 17,118-square-foot church to the Greater Friendship Missionary Baptist Church of Fort Worth. Gene Livens with Service Realty negotiated the deal.
601 N. Beach St., Fort Worth
C&S Cochran Realty bought an 18,000-square-foot building to be leased to J&J Supply, which is moving from White Settlement Road after 50 years. Gary Vasseur with Coldwell Banker Commercial Searcy Vasseur Group represented the buyer. Shannon Owens with Glacier Commercial Realty represented the seller, S&S Realty.
2510 White Settlement Road, Fort Worth
Cross Development CC White Settlement has bought a 33,000-square-foot building for a new location for Caliber Collision Centers. The property was sold by HCS Co. Gary Vasseur with Coldwell Banker Commercial Searcy Vasseur Group negotiated the deal.
This story was originally published July 13, 2014 at 9:37 AM with the headline "Auto parts company to build distribution center in Flower Mound."