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HomeMy WebLinkAbout2020-08-24 Euless Articles Lee & Associates Negotiates 48,627 SF Industrial Lease Near DFW Airport Posted on August 14, 2020 by Taylor Williams EULESS, TEXAS — Lee & Associates has negotiated a 48,627-square-foot industrial lease at DFW Airfield Logistics Center, an industrial facility located near DFW International Airport. Atlanta-based Seefried Industrial Properties originally developed the asset, which is located in the city of Euless. Becky Thompson and Tom Walrich of Lee & Associates represented the landlord, New York-based Clarion Partners, in the lease negotiations. Eddie Yoo of Landmark Realty Group represented the tenant, third-party logistics firm FNS Inc. Support local business, buy healthy food at this new Fort Worth-area farmers market BY RICK MAUCH SPECIAL TO THE STAR-TELEGRAM AUGUST 14, 2020 06:00 AM Abby Rudolph of Colleyville is the manager of the new Four Seasons Markets, a new farmers market that has opened in Euless and is enjoying success despite the COVID-19 pandemic. JACKSON RUDOLPH In a time when COVID-19 has forced numerous closings, one business has dared to challenge the coronavirus and open during the pandemic. The Four Seasons Markets recently opened at Glade Parks Town Center in Euless. The year-round farmers market, in plans since 2019, experienced a slight delay in opening because of COVID-19, but now it is open and enjoying early success, said manager Abby Rudolph. “People are looking for healthy food options, something safe to get out and do, and they are wanting to support small local businesses,” said Rudolph, who is also the market director for six other Four Seasons Markets around Dallas-Fort Worth and San Antonio. “We had an amazing first Saturday as many vendors sold out within the first few hours. The feedback on social media has been positive as well.” Prior to the pandemic the market’s setup was more compact, but now booth spaces are separated by at least 6 feet, with widened aisles to provide for social distancing. Each vendor is required to wear a mask, as is everyone attending. “Sampling is done safely to make sure there is no cross contamination, and sanitizer and wipes are available to everyone. Most vendors have gone to contactless payments as well,” Rudolph said. “Our vendors’ and customers’ health is very important to us and we make sure we are doing the best we can to keep everyone safe.” Glade Parks spokesperson Fran Gallagher said with summertime being a peak season for so many locally grown produce items, they decided to open with a carefully designed and curated market. “The Farmers Market is yet one more addition of convenience and excellence for our customers. We are pleased to team up with Four Seasons Markets on this concept and look forward to building our every Saturday experience,” she said. Rudolph said farmers markets are the safest option for grocery shopping. “For starters we are open air, but one of the main benefits of shopping at a farmers market over a store is each vendor is in charge of their own product,” she said. “They are making sure the items aren’t being handled by multiple people. When you get your eggs you meet the person that got it from the hen house and brought it to the market. Same with the produce. Farmer Ross picked it and is handing it to you.” D-FW apartments sell for $178 million Canadian and Denver investors have bought 1,200 units. By Steve Brown 9:12 AM on Aug 20, 2020 The Abbey at Vista Ridge apartments in Lewisville were part of the big sale.(Pauls Corp. ) A Canadian investor teamed up with a Colorado buyer to purchase 1,200 North Texas apartments. Toronto-based Dream Unlimited Corp. and Pauls Corp. of Denver bought the five local rental communities for $178 million. The properties in Lewisville, Euless and Carrollton are 95% leased and were acquired from Blackstone Real Estate Income Trust. “The acquisition was funded through agency and mezzanine debt and cash on hand of $11.1 million,” Dream Unlimited said in a statement. The two investors each own a 50% share of the properties. “As this was our first full quarter operating during the pandemic, our highest priority has been keeping our employees, contractors and customers safe,” Dream Unlimited president Michael Cooper said in a statement. “Altogether, we continue to maintain a conservative balance sheet while we work to add best in class assets and build inclusive communities across our core markets.” The North Texas rental communities included in the sale were the Tallows and Fieldcrest apartments in Carrollton, Tall Timbers in Euless, and Villas at Waterchase and Abbey at Vista Ridge in Lewisville, according to Costar. Dream Unlimited is a Canadian office and residential developer with $9 billion in properties. Pauls Corp. has been in business since 1993 and owns apartments, office and industrial buildings. The company owns almost 9,000 apartments nationwide and previously had properties in Irving, Fort Worth and Bedford. The 1,200 units the two firms just acquired are just the latest major D-FW apartment investments since the start of the COVID-19 pandemic.