X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FARMERS BRANCH, TX-Texas Wholesale Building Materials Inc. has settled into a 267,000-sf office-warehouse building that it has acquired in Valwood Industrial Park.

The deal had been structured so that the seller, the family-owned Lasting Products, could lease back 40,000 sf of 2115 Valley View Lane, Brad Selner, an associate for Dallas-based Staubach Co., tells GlobeSt.com. Selner, one of three Staubach brokers on the deal, says Texas Wholesale had been looking for a new location for nearly a year. In the end, the building materials supplier had decided Valwood was where it wanted to be–for employee convenience and distribution purposes, says Selner. The leading building materials distributor for Oklahoma and Texas had been located right around the corner. “It became apparent that Valwood was where these guys needed to be,” he adds.

The sale had been a perfect fit since Lasting Products had wanted to downsize and sell and Texas Wholesale needed a much larger spot, says Selner. The 15-year-old building had been optioned before it went on the market, he adds. Texas Wholesale is using the Valley View acquisition, which is close to Interstate 35, for its corporate headquarters.

In addition to Selner, Staubach vice president Paul Whitman and vice president Sharon Morrison had negotiated the buy on behalf of Texas Wholesale. Randy Church of Wicker & Associates in Dallas had represented the family trust that owns Lasting Products.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.