CORFAC News

FOR ADDITIONAL INFORMATION:
Kevin Santaularia
972-776-7034

Michael W. Spain
972-337-9325

Joe Santaularia
972-337-9336

Arlington, TX (December 2, 2013) – Tennessee-based Dominion Enterprises has sold a vacant office/warehouse in the Great Southwest Industrial District to Duratile Natural Stone LLC, a nearby tenant who latched onto an opportunity to own and expand in its longtime neighborhood.

The property – a 36,006-sf structure on 2.08 acres – fits right into the sweet spot of the spate of sales in the Great Southwest, where the availability of smaller single-tenant buildings is rapidly dwindling.

"There are a lot of these buildings getting scooped up in this cycle," says Joe Santaularia, market director of Bradford Commercial Real Estate Services/CORFAC International. "For this property, the dealmakers were size, HVAC in the warehouse and its location right off Interstate 30."

Duratile is planning to expand the 5,900 sf of office/showroom space at its new location. It's anticipated the new shop will be ready to open in two months, driving relocation from 20,000 sf at 939 Avenue N in Grand Prairie.

The asset, located at 925 111th St., Arlington, has been empty nearly two years due largely to city-related obstacles in expanding the 40-space parking lot. The structure, developed in 1965, features 16-foot clear heights, heavy power, three dock-high doors and two dock doors with levelers.

The seller's marketing team consisted of Santaularia, his father Kevin Santaularia, president and CEO of Dallas-based Bradford, and Michael W. Spain, senior vice president and managing partner.

About Bradford Commercial Real Estate Services/CORFAC International
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.