NTA Holdings Ltd. sold a 102,732-square-foot warehouse
and manufacturing building on 6.4 acres at 1470 Avenue T in Grand
Prairie to Conti Warehouses LLC. Michael W. Spain and Jim Ferris of
Bradford Commercial Real Estate Services brokered the sale with Conti
Warehouses’ Ryan Wood.
REF: Dallas Morning News
Conti Warehouses is a Fort Worth Commercial Real Estate company providing the highest quality of service to tenants and investors for over 20 years.
Friday, January 30, 2015
Tuesday, November 11, 2014
Star-Telegram finalizes sale of printing plant
The Star-Telegram has closed a deal
selling its printing plant facilities off Hemphill Street and Interstate
20 in Edgecliff Village to a company owned by Bruce Conti, president of
Conti Warehouses in Fort Worth.
Conti-Edgecliff-Sias bought the nearly 270,000-square-foot building and 38 acres where the Star-Telegram had been printed since 1986.
The paper is now printed at The Dallas Morning News’ facility in Plano, which also prints The New York Times, The Wall Street Journal and USA Today.
Terms of the deal are not being disclosed.
Employees who worked at the printing plant have moved to the newspaper’s downtown offices at 808 Throckmorton St., where it leases more than 75,000 square feet.
Conti is known for buying large warehouse buildings and repositioning them in the market. Last year, he and J. Searcy bought the 353,643-square-foot Walls Industries building at 301 Risinger Road.
He also owns a former grocery warehouse at Loop 820 and I-20, the Village Creek Business Park in southeast Fort Worth, the former Target store on Cherry Lane in White Settlement, the former Ranch Style Beans plant downtown, the former Levitz Furniture building on Camp Bowie Boulevard and the former Sam’s Club warehouse on Baker Boulevard in Richland Hills.
Todd Burnette and Matt Montague of Jones Lang LaSalle represented the Star-Telegram in the lease. Jamie Galati, also of JLL, represented the landlord, RYLB FW Properties.
Ref: Star Telegram
Conti-Edgecliff-Sias bought the nearly 270,000-square-foot building and 38 acres where the Star-Telegram had been printed since 1986.
The paper is now printed at The Dallas Morning News’ facility in Plano, which also prints The New York Times, The Wall Street Journal and USA Today.
Terms of the deal are not being disclosed.
Employees who worked at the printing plant have moved to the newspaper’s downtown offices at 808 Throckmorton St., where it leases more than 75,000 square feet.
Conti is known for buying large warehouse buildings and repositioning them in the market. Last year, he and J. Searcy bought the 353,643-square-foot Walls Industries building at 301 Risinger Road.
He also owns a former grocery warehouse at Loop 820 and I-20, the Village Creek Business Park in southeast Fort Worth, the former Target store on Cherry Lane in White Settlement, the former Ranch Style Beans plant downtown, the former Levitz Furniture building on Camp Bowie Boulevard and the former Sam’s Club warehouse on Baker Boulevard in Richland Hills.
Todd Burnette and Matt Montague of Jones Lang LaSalle represented the Star-Telegram in the lease. Jamie Galati, also of JLL, represented the landlord, RYLB FW Properties.
Ref: Star Telegram
Sunday, August 17, 2014
Conti agrees to buy 270,000-square-foot Star-Telegram printing plant
The Fort Worth Star-Telegram has a buyer for its printing facility in Edgecliff Village overlooking Interstate 20.
Bruce Conti, president of Conti Warehouses in Fort Worth, has signed a contract to buy the 270,000-square-foot building and its 38 acres of land. Terms of the deal weren't dislosed, and the deal is expected to close in early fall, the Star-Telegram said.
The newspaper said that Conti is known for repositioning large warehouse buildings.
The Star-Telegram began a joint publishing agreement with the Dallas Morning News in March and stopped printing newspapers at the the south side plant at that time.
The newspaper said that employees working at the facility will move to the newspaper's downtown offices at 808 Throckmorton St.
(ref: Dallas Business Journal)
Friday, August 23, 2013
Former Ranch Style Beans plant near downtown Fort Worth leased to sports equipment maker
August 23, 2013
Dollamur, a maker of sports surfaces and mats, has moved from the
Village Creek area in southeast Fort Worth to the former Ranch Style
Beans plant near downtown.
Dollamur, founded in 1996, leased 131,095 square feet at the facility,
1743 El Paso St., from Conti Warehouses, said Ryan Wood, a Conti vice
president. Conti Warehouses is a Fort Worth-based commercial real estate
firm that bought the landmark property in March 2012 from Allens
Canning Co.
Dollamur CEO Gary MacDowell said the move allowed the company to consolidate three locations under one roof, completed at the end of May. The company has 80 employees working there, he said.
Dollamur makes competition and practice mats for wrestling, gymnastics, cheerleading, martial arts, and health and fitness. Its products are sold worldwide.
The company also has a plant in China to serve markets in China, Japan
and South Korea, MacDowell said. That facility has 18 employees.
The interior was remodeled before the company moved, MacDowell said. By mid-2014, the company expects to install a sign on the exterior where the iconic Ranch Style sign once was, he said.
Allens Canning bought the property from ConAgra in May 2010 but closed the plant at the end of 2011. ConAgra idled its operations there in early 2010 and moved production of Ranch Style Beans to other states.
The plant opened in 1913 as Great Western Foods. ConAgra acquired Ranch Style Beans in 2000.
Conti Warehouses owns more than 2 million square feet of commercial and industrial space in Fort Worth.
(ref: Fort Worth Star Telegram)
Friday, July 12, 2013
Conti Warehouses Purchases Fort Worth Industrial Building
301 E. Risinger Road Sells
June 12, 2013
in Fort Worth, TX from Hickman Companies for an undisclosed sale price. This was an investment purchase.
The 353,643 square-foot industrial building is in the S Cen. Tarrant County industrial submarket. It was built in 1972 and is situated on 18.64 acres of land.
The 353,643 square-foot industrial building is in the S Cen. Tarrant County industrial submarket. It was built in 1972 and is situated on 18.64 acres of land.
(ref: CoStar Group)
Monday, June 10, 2013
Transactions
4000 Lubbock Ave., Fort Worth
Star X-Ray Consultants has leased 23,580 square feet. Amy Baker with Transwestern represented the tenant. Ryan Wood with Conti Warehouses represented the landlord in-house, a joint venture of Conti and Tailwind Real Estate Equities.
2600 S. Cherry Lane, White Settlement
Perkins Aircraft Services has leased 32,200 square feet in a former Target store. Conti Ridgmar is the owner.
REF: Star-Telegram
Star X-Ray Consultants has leased 23,580 square feet. Amy Baker with Transwestern represented the tenant. Ryan Wood with Conti Warehouses represented the landlord in-house, a joint venture of Conti and Tailwind Real Estate Equities.
2600 S. Cherry Lane, White Settlement
Perkins Aircraft Services has leased 32,200 square feet in a former Target store. Conti Ridgmar is the owner.
REF: Star-Telegram
Friday, June 8, 2012
Fort Worth lease inked
Fort Worth Business Press - Real Deals |
Enbridge Gathering LP signed a lease for 14,520 square feet of space at 2600 Cherry Lane in Fort Worth. Grant Huff and Jim Sager with Transwestern represented the tenant in the deal and Ryan Wood with Conti Warehouses represented the landlord.
Source: Fort Worth Business Press
Friday, March 23, 2012
Former bean plant leased
FORT WORTH -- Granite Security Products Inc. inked a 49,467-square-foot lease at 1734 E. El Paso St., the former home of the Ranch Style Beans plant. Nick Talley with Bradford Companies represented the tenant in the deal and Ryan Wood of Conti Warehouses represented the owner of the building, Conti Warehouses.
Conti Warehouses purchased the 212,000-square-foot industrial facility from Allens Canning in February.
Source: Fort Worth Business Press - Real Deals
Monday, March 12, 2012
Smart Buy Bean plant purchased in weak industrial real estate market
FORT WORTH -- At first glance, the purchase of the former Ranch Style Beans manufacturing facility in East Fort Worth may indicate a strengthening pulse of the broader local industrial real estate submarket, but the facility’s buyers said they picked up the property as more of a one-off from their 2012 strategy, not because they see this as a particularly opportune time to plunge back into the industrial sector.
Fort Worth’s Conti Warehouses purchased the 212,000-square-foot heavy industrial facility from Allens Canning Co. late last month. It was the firm’s second acquisition this year. The first was the 103,000-square-foot vacant Target building on Cherry Lane in West Fort Worth.
“It just popped up … ,” said Bruce Conti, the company’s president. “It was a pretty good deal. And it goes back to our roots as an industrial provider.”
But Conti’s other buildings, including a couple it plans to purchase this year, are slated for office or retail conversion, or, at the very least, light industrial tenants – nothing heavy. The Target facility, which Conti closed on in early January, is also slated for multi-tenant retail, light industrial and office use.
“We aren’t trying to build out too many traditional industrial buildings right now, even though Ranch Style is that particular type of asset,” Conti said. “Right now we’re trying to focus on some redevelopment – could be retail, could be closer to office conversion – and work on that for a while.”
By “a while,” Conti means three or four years, at least until the pickings run slim. Right now, his firm is focusing its efforts on acquiring “distressed buildings in decent office locations.”
The next acquisition is a 74,000-square-foot warehouse in the 4000 block of Lubbock Avenue in South Fort Worth, which Conti plans to also convert into mixed-use retail and office space with perhaps some distribution. Conti and his company’s vice president, Ryan Wood, said they’re also preparing to purchase yet another building for office build-outs this year, but he declined to go into any further detail.
Once these prime locations run out, Conti said, he and his staff will return to their traditional niche: heavy industrial space such as the canning facility.
It’s a timely strategy. Local real estate insiders expect 2012’s industrial submarket, unlike the retail and office sectors, to remain tepid as the economy continues its slow climb out of the recession.
Todd Burnette, managing director of Jones Lang LaSalle’s Fort Worth office, told the Fort Worth Business Press early this year that he doesn’t expect the local industrial market to regain much of its pre-recession steam until 2013 at the earliest.
He noted distribution as a possible exception as more and more big-box stores beef up their inventories to keep pace with growing consumer demand.
If Conti Warehouses is any indication, heavy industrial demand may not be growing, nor is the sector in a freefall. Most of Conti’s total portfolio, now exceeding 2 million square feet, is devoted to heavier industrial.
And, as the firm’s president pointed out, his overall occupancy rates are above 90 percent, a sign there’s still plenty of local industry that needs space.
Source: Fort Worth Business Press
Thursday, March 1, 2012
Allens Canning closes and sells former Ranch Style Beans plant
FORT WORTH -- Less than two years after opening in the former Ranch
Style Beans plant near downtown Fort Worth, Allens Canning Co. has
shuttered the facility and sold it this week to a Fort Worth-based
industrial real estate investor.
Conti Warehouses in Fort Worth on Tuesday bought the 211,743-square-foot manufacturing plant on 20.2 acres at 1743 El Paso St., said Ryan Wood, a Conti vice president.
Ryan said Conti will turn the facility into a multi-tenant warehouse and manufacturing facility. It is negotiating with two tenants, one that would lease 30,000 square feet and another 130,000 square feet.
"We were happy to get it," Wood said of the building.
The plant was closed by the end of 2011; it's believed that between 60 and 70 employees lost their jobs.
Representatives of Allens Canning, based in Siloam Springs, Ark., could not be reached for comment today.
Allens bought the plant from ConAgra in June 2010, two months after ConAgra idled its operations and moved production to other states. More than 120 employees lost their jobs.
In May 2010, the Fort Worth City Council approved a 10-year tax abatement for Allens, but it was never honored because the company didn't meet hiring requirements, said Robert Sturns, the city's economic development manager.
Sturns said city officials leanred that the plant was closed after receiving a bulletin from Workforce Solutions for Tarrant County in December. He said his office tried to reach company officials, but calls were not returned.
Allens began operating out of the plant around June 2010 and at one time planned to hire as many as 150 workers and run two shifts.
Allens, founded in 1926, produces 11 lines of canned and frozen vegetables and beans. The company says it was one of the first packers of sweet potatoes, which it still sells under the Sugary Sam, Princella and Royal Prince brands.
The landmark Ranch Style Beans plant opened in 1913 as Great Western Foods. ConAgra acquired Ranch Style Beans in 2000 when it bought International Home Brands. Waples-Platter Cos. developed their bean recipe during the Great Depression.
READ MORE...
Conti Warehouses in Fort Worth on Tuesday bought the 211,743-square-foot manufacturing plant on 20.2 acres at 1743 El Paso St., said Ryan Wood, a Conti vice president.
Ryan said Conti will turn the facility into a multi-tenant warehouse and manufacturing facility. It is negotiating with two tenants, one that would lease 30,000 square feet and another 130,000 square feet.
"We were happy to get it," Wood said of the building.
The plant was closed by the end of 2011; it's believed that between 60 and 70 employees lost their jobs.
Representatives of Allens Canning, based in Siloam Springs, Ark., could not be reached for comment today.
Allens bought the plant from ConAgra in June 2010, two months after ConAgra idled its operations and moved production to other states. More than 120 employees lost their jobs.
In May 2010, the Fort Worth City Council approved a 10-year tax abatement for Allens, but it was never honored because the company didn't meet hiring requirements, said Robert Sturns, the city's economic development manager.
Sturns said city officials leanred that the plant was closed after receiving a bulletin from Workforce Solutions for Tarrant County in December. He said his office tried to reach company officials, but calls were not returned.
Allens began operating out of the plant around June 2010 and at one time planned to hire as many as 150 workers and run two shifts.
Allens, founded in 1926, produces 11 lines of canned and frozen vegetables and beans. The company says it was one of the first packers of sweet potatoes, which it still sells under the Sugary Sam, Princella and Royal Prince brands.
The landmark Ranch Style Beans plant opened in 1913 as Great Western Foods. ConAgra acquired Ranch Style Beans in 2000 when it bought International Home Brands. Waples-Platter Cos. developed their bean recipe during the Great Depression.
READ MORE...
Tuesday, January 10, 2012
Former Target store in west Fort Worth being redeveloped
Conti Warehouses, a Fort Worth commercial real estate investor, has bought the vacant former Target at 2600 West Cherry Lane in west Fort Worth and will redevelop the building for multitenant use.
Conti completed a similar project with the former Levitz Furniture store, a 157,450-square-foot building, on Camp Bowie Boulevard last year.
Target moved from the 11.4-acre location in 2008 to a new, larger store in the Westover Village shopping center at the southeast corner of Green Oaks Road and Alta Mere Drive. The property was sold by Target Corp.
Ryan Wood, a vice president at Conti who represented Conti in negotiations, said windows and other building materials will be added to the facade to tone down the appearance that the building was a Target store.
Wood said he has a couple of proposals out to prospective tenants, including one tenant that would be new to the area and use about 50,000 square feet. He declined to offer additional details.
The former Levitz location is now 70 percent leased, Wood said, adding that the developer expects to have the same success with the former Target location.
The property is deed restricted to prohibit a discount retailer that would take up 40,000 square feet or more, he said.
(source: http://www.star-telegram.com/2012/01/09/3646844/former-target-store-in-west-fort.html)
Conti completed a similar project with the former Levitz Furniture store, a 157,450-square-foot building, on Camp Bowie Boulevard last year.
Target moved from the 11.4-acre location in 2008 to a new, larger store in the Westover Village shopping center at the southeast corner of Green Oaks Road and Alta Mere Drive. The property was sold by Target Corp.
Ryan Wood, a vice president at Conti who represented Conti in negotiations, said windows and other building materials will be added to the facade to tone down the appearance that the building was a Target store.
Wood said he has a couple of proposals out to prospective tenants, including one tenant that would be new to the area and use about 50,000 square feet. He declined to offer additional details.
The former Levitz location is now 70 percent leased, Wood said, adding that the developer expects to have the same success with the former Target location.
The property is deed restricted to prohibit a discount retailer that would take up 40,000 square feet or more, he said.
(source: http://www.star-telegram.com/2012/01/09/3646844/former-target-store-in-west-fort.html)
Thursday, December 8, 2011
Friday, January 7, 2011
Topographic Inks Lease
Topographic signed an 11,036-square-foot office lease at 1400 Everman Parkway. Ryan Wood represented the landlord, Conti Warehouses, in house.
Source: Fort Worth Business Press
Source: Fort Worth Business Press
Importer/Exporter Signs Sweet Deal
CSC Sugar LLC, an importer and exporter of refined sugars throughout the U.S. and Mexico, signed a lease for 78,074 square feet of space at 1901 Windsor Place in Fort Worth. The location will serve as a rail-served distribution center for North Texas, and CSC plans to use the rail spur and staging yard operated by Fort Worth and Western Railroad, according to a release. Robert Sawyer and Steve Schmitz of Tierra Real Estate represented CSC Sugar in its site selection. Ryan Wood represented the landlord, Conti Warehouses, in house.
Source: Fort Worth Business Press
Source: Fort Worth Business Press
Monday, August 23, 2010
Former furniture store sold to Fort Worth investor
The former Levitz Furniture store at 6913 Camp Bowie Blvd. is in the hands of a Fort Worth real estate investor who plans to turn the vacant 157,450-square-foot structure into a multitenant building for industrial, distribution and retail users.
Conti Warehouses, which has a portfolio of 1.7 million square feet in Fort Worth, closed the deal Aug. 13.
Conti Warehouses, which has a portfolio of 1.7 million square feet in Fort Worth, closed the deal Aug. 13.
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