Transwestern Represents Building Owner in the Transaction
October 07, 2019
Dallas – Transwestern Commercial Services (TCS) today announces it negotiated the sale of Arlington Center, a 175,537-square-foot property fully leased to Lockheed Martin Corp. TCS Managing Director Steve Simon and Senior Vice President Steve Rowland represented the seller in the transaction. An undisclosed buyer acquired the property at 4501 New York Ave. in Arlington, Texas, for an undisclosed amount.
“This was a compelling opportunity to acquire a single-tenant, net-leased property with a high-credit tenant that had just entered a new, long-term lease,” said Simon. “Arlington Center is well-positioned for long-term success with convenient access to two major thoroughfares and proximity to an extensive labor pool throughout the Dallas-Fort Worth metroplex.”
Located at the intersection of Interstate 20 and Highway 360, Arlington Center is centrally located between Dallas and Fort Worth, providing Lockheed Martin with unparalleled access to both a highly educated workforce and its multiple other DFW facilities.
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Transwestern Commercial Services (TCS) is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service and innovative client solutions. Applying a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global organization adds value for investors, owners and occupiers of all commercial property types. We leverage market insight and operational expertise from across the Transwestern enterprise, which includes firms specializing in development and real estate investment management. TCS has 34 U.S. offices and assists clients from more than 200 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.