Agricultural products company Cargill consolidating Texas, Oklahoma operations in DFW – Dallas Business Journal

In an effort to improve capacity and supply chain efficiency, as well as consolidate its regional operations, Cargill Protein is combining its San Antonio and Oklahoma City operations into a single hub in Dallas-Fort Worth.

The Minneapolis-based company did not disclose where the facility will be located, but said it will be operated by a contractor and begin serving customers in fall 2018.

Cargill also has multiple meat processing facilities in DFW.

“The DFW area was the logical choice for Cargill to centralize our regional warehousing operation as it has an excellent warehouse, distribution and logistics infrastructure and major highways to all of our key markets in the region,” Rick Johnson, Cargill’s food distribution general manager, said in a prepared statement. “It allows Cargill to scale our growth by providing customers greater capacity, more product variety and more efficient distribution.”

Here’s a look at other recently-brokered real estate deals across North Texas:

Hotels/leisure

Columbia Sussex, a national franchiser of Marriott hotels, has purchased The Intercontinental Dallas, located at 15201 Dallas Parkway in Addison. The Kentucky-based firm plans to rebrand the lodging to Renaissance Dallas Addison and renovations are already underway to improve the property’s ballrooms, meeting spaces and pre-function areas.

Restaurants and retail

Real estate services firm JLL has negotiated a lease for North Texas-based healthy concept Nature’s Plate at 11811 Preston Road, Ste. 101 in Dallas. It will be the eatery’s second full-service location and is expected to open in April. JLL vice presidents Andrew Wiley and Michael Meaden represented Nature’s Plate in negotiations, while Leon Capital Group’s Ryan Griffin represented the landlord.Grocer WinCo Foods will open an 82,077-square-foot store in Carrollton on March 29, its 10th in North Texas. Kevie Beard, McGregor Converse, Jonathan Cooper and Theo Thompson of Venture Commercial represented WinCo in landing the lease, located at the northeast corner of Josey Lane and the President George Bush Turnpike. Matt Luedtke and Steve Gray with The Weitzman Group represented the landlord.Nanglo Indian Restaurant has signed a lease for 3,308 square feet at the southwest corner of Highway 121 and Glade Road in Euless. The Retail Connection brokers David Levinson and Jack Weir helped facilitate the lease for Nanglo.Desire Salon will open a 1,080-square-foot shop at 380 Towne Crossing in McKinney. David Levinson, a broker with The Retail Connection, along with Taylor Cluff, a broker with DuWest Commercial, helped negotiate the lease.

Office

Commercial real estate investment services firm Marcus & Millchap (NYSE:MMI) sold Colleyville Square, a 21,617-square-foot office property, on behalf of a private investor out of Canada. The buyer was undisclosed. Located at 6221 Colleyville Blvd. in Colleyville, the property includes office, medical and retail tenants.The Chase Bank tower in Coppell has sold to a California investor, the Dallas Morning News reported. The property, located on Denton Tap Road, was marketed by a New York investor who owned the building for five years. Jason Vitorino with Strive Real Estate facilitated the sale.

Residential

The Bailiwick and Tree Top Apartments on Bowser and Gilbert Streets in Dallas have sold to an unnamed investor, according to the DMN. The complexes total 96 units. Doug Banerjee, Boyan Radic, Andrew Mueller and Andrew Hanson of Greysteel negotiated the sale.

Industrial

Farmer Brothers sold a 20,693-square-foot industrial building at 722 E. Avenue H in Arlington to NKJV Entities LLC, the DMN said. Corby Hodgkiss with Mercer Co. and David Eseke at Cushman & Wakefield facilitated the sale.

Largest North Texas Commercial Real Estate Brokerages

Ranked by Total # of Local, Licensed Agents

Rank Company Total # of Local, Licensed Agents 1 CBRE 280 2 JLL 197 3 Cushman & Wakefield 101 View This List

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