Transwestern Represents Global Manufacturer and Distributor in Warehouse Lease
January 11, 2021
Dallas – Transwestern Real Estate Services (TRS) announces Bioworld Merchandising, a global manufacturer and distributor of licensed apparel and accessories, has signed a new industrial lease totaling 123,844 square feet at 2650 Rental Car Drive in Irving, Texas. With the lease at TCC Passport Park at DFW International Airport, Bioworld expands its overall warehousing capabilities. Transwestern Principal John Fulton and Associate Clayton Johnson provided tenant advisory services on behalf of Bioworld, with additional support from Principal Nora Hogan and Senior Vice President Jordan Wade.
“This desired and central location in DFW Airport and convenient access to Bioworld’s existing employee base were integral reasons in choosing to expand operations here,” said Fulton. “Outgrowing the current business space, excelling in the e-commerce industry throughout 2020, and the benefits of being on airport property were compelling reasons for Bioworld to expand locally.”
Founded in 1999 in Irving, privately held Bioworld is a leading global manufacturer of licensed apparel, accessories and home goods. Bioworld partners with the world’s most iconic creators and brands to bring pop culture to life, all to create deeper connections between fans and the items they love.
According to Transwestern’s recent Industrial Market Report, Dallas-Fort Worth delivered a record amount of new industrial space and is on a trajectory to set another record in 2021. In 2020, Transwestern completed a similarly sized transaction on airport property, with the relocation of Heritage Auctions.
Steve Trese and Steve Koldyke with CBRE represented the building owner.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.
Nora Hogan, SIOR, CCIM
Principal - SIOR, CCIM