Vending Concepts LLC has acquired a two-building project, totaling 29,500 sf, in east Fort Worth, working out terms to set up its headquarters and distribution center ahead of the closing.
The company's new base of operations is 1001 Miller Ave., a move of roughly three miles from its longtime leased location. Vending Concepts has been eyeing properties to buy for several years.
"When this opportunity popped up, it checked all the boxes. And, we were able to get it at a significant discount from the asking price," says Erik Blais, vice president in the Fort Worth office of Dallas-based Bradford Commercial Real Estate Services.
The office/warehouse project, developed in 1960, is situated on nearly two acres in the bull's eye of east Fort Worth. The buyer has gained a fully fenced property for storing its fleet of box trucks and about 9,500 sf of additional warehouse space, neither of which was available at its former location.
"This is a good central hub for all of their current clients and future ones," Blais says.
Vending Concepts, owned by Louis P. LaVilla III, also has sales and distribution center in Houston. The company sells commercial vending machines and private label coffee.
Christopher Fleeger and David Jimenez of Morrow Hill represented the seller, Graco Supply Co., which put the property on the market after its buyout of aerospace distributor E.V. Roberts and move last year to nearby Arlington.
NORTH TEXAS SALES
Vending Concepts LLC has purchased a 29,500-sf industrial project on two acres at 1001 Miller Ave., Fort Worth, from Graco Supply Co. Erik Blais, vice president of Bradford Commercial Real Estate Services, represented the buyer. Christopher Fleeger and David Jimenez.of Morrow Hill represented the seller.
PHC Equities LLC has purchased 10.02 acres of vacant commercial land at 805-09 Harris Rd., Arlington, from Reliable Paving Inc. Nick Talley, executive vice president and managing partner of Bradford Commercial Real Estate Services, and Katherine Graham, broker associate, represented the buyer. Erica Larson of the Mark D. Hixson Co. represented the seller.
NORTH TEXAS LEASES
Lone Star Hair has subleased a 12,876-sf industrial flex building at 3249 Story Rd., Irving, from BioAutomation Inc. Brian Pafford, executive vice president and managing partner of Bradford Commercial Real Estate Services, and Jason Finch, market director, represented the sublessor. James Kim of JSK Infinity LLC represented the sublessee.
Synergy PT and Pilates LLC has leased 2,168 sf of office space in Highland Park West, 4300 MacArthur Ave., Dallas, from 4300 MacArthur Partners LP. Jared Laake, vice president of Bradford Commercial Real Estate Services, and Richmond Collinsworth, first vice president, represented the landlord. Dylan Smith of Colliers International represented the tenant.
Bradford Commercial Real Estate Services/CORFAC International is a full-service real estate company based in Dallas with an annual transactions volume exceeding five million square feet. The company manages and leases more than 20 million square feet, valued at $300 million, in North Texas for its strategic partners.
