Regency Vans, now owned by Tecstar Automotive Group of Goshen, IN, controls one of four corners at the junction of Interstate 35W and Golden Triangle Boulevard or FM 1709. Regency's 15.5-acre complex at 2800 Golden Triangle Blvd. is used as a manufacturing, assembly and sales portal for the van conversion giant. Hillwood and other developers control the other three corners, all under construction or platted for retail.
Regency's complex was part of a 52-acre off-market sale in August 2006. One of the region's leading auto dealers, Don Davis, sold it to Whitehead Smith Investments of Dallas, which was getting lobbied by retail developers before and after the deal was sealed.
Regency has been at the corner at least 10 years. Walter Floyd, principal of NAI Huff Partners in Fort Worth, says the deal took four months to close, with no shopping around. "They took the deal with very little TI's," he tells GlobeSt.com. "It was pretty vanilla." Floyd and NAI associate Ryan Wood were the tenant reps while NAI principal Lester Day represented the owner, who bought the location as an investment-grade hold.
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