Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FORT WORTH-A crane equipment supplier has just moved into a 16,636-sf freestanding building in the Mark Four Industrial Park on Fort Worth’s north side. To the northeast, the first tenant, which this week acquired a competitor, has opened doors on a 70,100-sf distribution center in a 266,100-sf spec project.

The heavy equipment supplier, CES Inc., made the move about five months after it sold an 11,500-sf building at 4301 Garland Dr. in Haltom City, part of the plan to get a better location and better economics with a leased site, Jerry Alexander of NAI Stoneleigh Huff Brous McDowell in Fort Worth tells GlobeSt.com. The freestanding building at 4922 NE Parkway is owned by JaGee Real Properties LP, which had Jamie White of Trammell Crow Co. in Dallas doing its bargaining for the medium-term contract.

In Flower Mound, the St. Louis-based D&K Healthcare Resources Inc. set up shop last month in Lakeside Trade Center I, a Hillwood building at 500 Enterprise Dr. that delivered as spec product in October. The long-term signing shut down D&K’s Weston, FL national accounts distribution center and brought the operation to Texas to take advantage of the middle of the US positioning that, in the end, will lower transportation costs, according to a company executive.

The D&K team got the operation up and running as the company was finalizing the takeover of Walsh HealthCare Solutions Inc., an acquisition that adds several new markets in the Southwest. “The Walsh acquisition adds important size and scale to our full-service distribution business,” J. Hord Armstrong III, D&K chairman and CEO, said in a press release about this week’s takeover. “As we focus more of our resources on this core business, the addition of Walsh allows us to enter growing new markets and to increase our service capabilities in existing markets.”

According to the press release, the acquisition closed sooner than planned, drawing $103.3 million in cash from D&K’s till. The final purchase price is pending adjustments based on Walsh’s estimated working capital balances at closing time, according to the release.

The takeover plan calls for Walsh, headquartered in Texarkana, TX to operate as a wholly owned subsidiary. Walsh operates wholesale distribution centers in San Antonio and Paragould, AR while using a Texarkana center for specialized services for hospitals and bulk-pack customers. About 96% of the $900-million net sales for last fiscal year came from independent and regional pharmacy customers in Texas, Arkansas, Louisiana, Oklahoma, Kansas, Missouri, Illinois, Tennessee, Kentucky and Mississippi.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.