Latest news with #ESFR
Yahoo
21-05-2025
- Business
- Yahoo
Bixby Capital Management Acquires Red River Business Park in High-Growth DFW Industrial Corridor
LEWISVILLE, Texas, May 21, 2025--(BUSINESS WIRE)--Bixby Capital Management is pleased to announce the acquisition of Red River Business Park, a newly developed, Class A industrial property located at 900 Arthurs Lane, Lewisville, Texas. The three-building project totals 241,104 square feet and is strategically positioned in the Northwest Dallas submarket, a core logistics hub within the broader Dallas/Fort Worth industrial market. Delivered in December 2023, Red River Business Park is designed to meet the demands of modern logistics users. The property offers a rear-load configuration, 28' to 32' clear heights, ESFR sprinkler system, 64 dock-high doors, 6 drive-in doors, and truck courts ranging from 130' to 196'. The park also offers ample parking and is ideally suited for both single and multi-tenant configurations. Situated with direct access to I-35 and SH-121, the asset provides regional connectivity and access to major U.S. distribution hubs, adding to its appeal to a wide range of industrial users. Currently, Red River Business Park is 56% leased to three tenants, offering a strong in-place income stream with significant upside through remaining lease-up opportunities. "Red River Business Park represents a best-in-class addition to our growing industrial portfolio," said Lexi Geiger, Senior Director, Acquisitions at Bixby Capital Management. "The combination of high-quality construction, strategic location, and existing tenancy with long-term lease commitments positions the asset for long-term value creation. We're excited about the flexibility the park provides for future leasing and our ability to meet evolving tenant demand in one of the strongest industrial markets in the country." This acquisition underscores Bixby Capital Management's continued commitment to expanding its industrial footprint in core logistics markets across the U.S. Trent Agnew, Tom Weber and Pauli Kerr with JLL brokered this transaction. About Bixby Capital Management Bixby Capital Management is a leading commercial real estate owner, operator, and investment manager with nearly $2.0 billion of assets under management. The company develops and invests in industrial, office, and R&D properties throughout the United States. For over 125 years, Bixby Capital Management has been committed to adding value for its shareholders and investors. To learn more, visit View source version on Contacts Debbie HeinzeDirector of Marketing & Shareholder RelationsPhone: 949-336-7028Email: dheinze@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
21-05-2025
- Business
- Business Wire
Bixby Capital Management Acquires Red River Business Park in High-Growth DFW Industrial Corridor
LEWISVILLE, Texas--(BUSINESS WIRE)--Bixby Capital Management is pleased to announce the acquisition of Red River Business Park, a newly developed, Class A industrial property located at 900 Arthurs Lane, Lewisville, Texas. The three-building project totals 241,104 square feet and is strategically positioned in the Northwest Dallas submarket, a core logistics hub within the broader Dallas/Fort Worth industrial market. Delivered in December 2023, Red River Business Park is designed to meet the demands of modern logistics users. The property offers a rear-load configuration, 28' to 32' clear heights, ESFR sprinkler system, 64 dock-high doors, 6 drive-in doors, and truck courts ranging from 130' to 196'. The park also offers ample parking and is ideally suited for both single and multi-tenant configurations. Situated with direct access to I-35 and SH-121, the asset provides regional connectivity and access to major U.S. distribution hubs, adding to its appeal to a wide range of industrial users. Currently, Red River Business Park is 56% leased to three tenants, offering a strong in-place income stream with significant upside through remaining lease-up opportunities. 'Red River Business Park represents a best-in-class addition to our growing industrial portfolio,' said Lexi Geiger, Senior Director, Acquisitions at Bixby Capital Management. 'The combination of high-quality construction, strategic location, and existing tenancy with long-term lease commitments positions the asset for long-term value creation. We're excited about the flexibility the park provides for future leasing and our ability to meet evolving tenant demand in one of the strongest industrial markets in the country.' This acquisition underscores Bixby Capital Management's continued commitment to expanding its industrial footprint in core logistics markets across the U.S. Trent Agnew, Tom Weber and Pauli Kerr with JLL brokered this transaction. Bixby Capital Management is a leading commercial real estate owner, operator, and investment manager with nearly $2.0 billion of assets under management. The company develops and invests in industrial, office, and R&D properties throughout the United States. For over 125 years, Bixby Capital Management has been committed to adding value for its shareholders and investors. To learn more, visit
Yahoo
17-03-2025
- Business
- Yahoo
Bixby Capital Management Announces Acquisition of Newly Constructed Class A Industrial Asset at 212 Alligood Way in Nashville MSA
NEWPORT BEACH, Calif., March 17, 2025--(BUSINESS WIRE)--Bixby Capital Management, a leading private real estate investment firm, is pleased to announce the acquisition of 212 Alligood Way in Lebanon, Tennessee. The newly delivered 222,382-square-foot Class A industrial facility is located within the highly sought-after Nashville industrial market. Completed in 2024, 212 Alligood Way represents the latest generation of institutional-quality industrial development. With immediate access to I-40, the property is strategically positioned to serve as a regional distribution hub, offering efficient connectivity to major markets throughout the Southeast and Northeast. The rear-load configured building features top-tier industrial specifications, including: 32' clear heights (CH) ESFR sprinkler system 21 dock-high doors, with 8 additional knock-out panels for future expansion 2 drive-in doors 135' – 185' truck court 32 trailer parking spaces 2,500 square feet of speculative office space Currently 100% vacant, the asset offers leasing flexibility, accommodating single or multi-tenant configurations to meet evolving market demand. "The acquisition of 212 Alligood Way reflects Bixby Capital Management's continued strategy to invest in best-in-class industrial assets within dynamic and fast-growing logistics hubs," said Lexi Geiger, Senior Director, Acquisitions at Bixby Capital Management. "With its state-of-the-art design, strategic location, and modern functionality, 212 Alligood Way is well-positioned to meet the needs of industrial users seeking accessibility and efficiency." CBRE National Partners, George Fallon, Frank Fallon and Trey Barry brokered the transaction. About Bixby Capital Management Bixby Capital Management is a leading commercial real estate owner, operator, and investment manager with nearly $2.0 billion of assets under management. The company develops and invests in industrial, office, and R&D properties throughout the United States. For over 125 years, Bixby Capital Management has been committed to adding value for its shareholders and investors. To learn more, visit View source version on Contacts Debbie HeinzeDirector of Marketing & Shareholder RelationsPhone: 949-336-7028Email: dheinze@ Sign in to access your portfolio
Yahoo
03-03-2025
- Business
- Yahoo
New Benderson Business Park projected to bring 1,500 jobs to North Port
NORTH PORT – North Port and Sarasota County economic development leaders recently toured the second phase of Benderson Development's North Port Business Park which could to bring 1,500 new jobs to the county's largest city. The tour of the first two buildings of a planned six-building campus – including a 73,000-square-foot space once used as a fulfillment center by Tervis Tumbler – came after the board of the Economic Development Corporation of Sarasota County held a morning meeting at the North Port branch campus of Sarasota Technical College. The school at 4445 Career Lane is on the southwest side of the Toledo Blade Boulevard exit off of Interstate 75, while the business park, which is anticipated to have 678,000 square feet of Class A Dock High industrial space, is on the southeast side. Mark Curran, leasing director for industrial, office and warehouse space in the Southeast for Benderson Development, said that interstate proximity was one of the factors Benderson sees as key for this type of industrial location. Concrete tilt-wall construction and 'dock-high' access for tractor trailer trucks – including 200-foot-long super load trucks – to load and unload, 30-foot high ceilings and ESFR sprinkler systems that quickly quell fires were among the other features big national companies look for in business/warehouse space, he added. 'Big companies came into town, there was no place to go," Curran said. Benderson had owned land in North Port for more than two decades. In 2018, Curran talked with Randy Benderson, CEO of Benderson Development, about the opportunity to develop a business park at the interchange. The North Port/Charlotte County area "did not have anything like this,' Curran added. Benderson is leasing space in two buildings, with the other four slated to be available on April 1. In addition to the land cost, Curran estimated that Benderson has invested $60 million in the industrial park. Among the new tenants mentioned by Curran are Lansing Building Products, World Electric Supply and Wharton-Smith, an engineering firm. They join a longtime existing tenant, Guardian Pharmacy of Southwest Florida. As North Port continues to transition from the bedroom community first envisioned by General Development Corp. when it created the city in the late 1950s to its current 104-square-mile city limits and more than 94,000 people, the Benderson facility will bring jobs – 1,500 new jobs to start. Josh Ewen, vice president for economic development for the Sarasota County EDC, said those jobs are key to developing a diverse economy in North Port. 'The more we all focus on creating a diverse industry here, we'll end up creating jobs and lowering the commute for residents of North Port that really want to live, work and thrive here,' Ewen said. Michael Meerman, North Port Economic Development Manager noted that's 500 new jobs with the space already filled and 1,500 job additions. 'Anytime you have job additions, that's noteworthy.' 'These are not low paying jobs, these are good paying jobs,' noted Lori Barnes, assistant development services director for the city of North Port. 'Ninety percent of the workforce commutes out of the city of North Port – 1,500 jobs is huge.' North Port Development Services Director noted that neither Guardian Pharmacy nor Wharton-Smith would have called North Port home without the type of space offered in the Benderson warehouse. 'Wharton Smith, that's engineers, CAD drawers, project managers – highly skilled people who are now working in North Port and they're going to spend money in North Port,' she added. While the rapid population growth to 100,000 people makes North Port more attractive to retailers, the fact that 90% working residents commute also means that residents are more likely to shop and socialize outside of the city limits – referred to as 'retail leakage.' Ray noted that because of sales tax receipts and other data tracked by the EDC as well as the state of Florida, the city's retail leakage is estimated to be more than $700 million a year. The definition of 'retail' includes stores, restaurants, craft breweries and entertainment venues such as indoor golf or Top Golf. 'That's a huge number, when you say that to retail developers, their eyes light up because they see opportunity,' Ray said, 'That's one of the things that we're promoting to developers. 'We have a market here that's built in that's having to drive distances to get their needs met and they can find a new market here.' She noted that when retail business developers learn about that $700 million figures at trade shows, 'They look at us and say, 'How did we not know you were here?'' Recently, North Port was ranked seventh in MoneyGeek's analysis of the most affordable and safest small cities in the U.S., named one of the best places to start a business, and recognized as Florida's No. 2 most livable city. But until last August – when the City Commission passed a long-overdue rewrite of the city's unified land development code – some of those businesses may have not been able to find anywhere in the 104-square-mile city to easily locate. Case in point, Charlie Foxtrot Brewing had been eyeing North Port to open but ultimately opted for Port Charlotte because the zoning did not exist. 'We definitely have it now,' Ray said, referring to zoning for a business like a brew pub. 'This isn't old North Port.' Ray noted that the new land development codes received heavy criticism during public meeting and public meetings but ultimately cities must change. 'There is no status quo,' Ray said. 'Status quo is an illusion, as a city you're either going to grow and progress or you're going to decay. 'You constantly have to be changing,' she added 'That reinvestment is critical.' This article originally appeared on Sarasota Herald-Tribune: Economic development officials see jobs from North Port Business Park
