San Antonio-based Gunn Automotive Group has just closed on a 10.4-acre tract in Parker County, keeping its plan on track to break ground by early June on its first dealership in North Texas.

The site is part of a 23-acre tract with 1,000 feet of frontage along Interstate 20 W in Weatherford. Gunn Automotive has scooped up 500 feet of the unobstructed freeway visibility at 901 I-20 W, situated between the exits of Old Dennis and Bethel roads. The balance of the site –12.6 acres and its 500 feet of frontage – is being marketed for sale.

Colton Wallis, senior associate in the Fort Worth office of Dallas-based Bradford Commercial Real Estate Services, and Nick Talley, senior vice president and managing partner, represented the sellers, Darryl L. Roberts and Rosemary Atwood, private investors from Weatherford. Jack Huff of Transwestern Dallas negotiated for the buyer.

Gunn Automotive is planning to build a 30,000-sf building and showroom, according to plans at the Weatherford Economic Development Department. The proposed $10 million Honda dealership will create nearly 80 jobs when it comes on line.

"The site is shovel-ready with utilities in place," Wallis says. "It is a good piece of land for them with excellent freeway visibility."

Weatherford, the county seat, is located 30 miles west of Fort Worth. The city has grown significantly in recent years, with its population now pushing 28,000. The steady rise in residents has translated into higher revenue from sales/use taxes and increased commercial building permits and home sales, new and existing.

Gunn's Honda dealership will be positioned across the freeway from Academy Sports, Hobby Lobby and Weatherford Town Center. About one mile east is another major shopping area with top-name brands like JCPenney's, Kohl's, Target, TJMaxx, Walmart and Home Depot.

"A few years ago, Weatherford started offering tax incentives to spur development," Wallis explains. "I grew up there so I know how much it's changed. There are a lot of things happening."

SALE

Darryl L. Roberts and Rosemary Atwood of Weatherford have sold 10.4 acres at 901 Interstate 20 W. to Gunn Automotive Group. Colton Wallis, senior associate in the Fort Worth office of Dallas-based Bradford Commercial Real Estate Services, and Nick Talley, senior vice president and managing partner, represented the seller. Jack Huff of Transwestern Dallas represented the buyer.

LEASES

Henry Schein Inc. has leased 12,488 sf of industrial flex space in Randol Mill Service Center, 2440 E. Randol Mill Rd., Arlington, TX, from UVAG Realty LP. Jason Miller, vice president of Bradford Commercial Real Estate Services, and Michael W. Spain, executive vice president and managing partner, represented the tenant. John Brewer and Ben Phillips of Transwestern Dallas represented the landlord.

The World of Granite has renewed 5,600 sf of warehouse space at 11455 Newkirk St., Dallas. Jason Miller, vice president of Bradford Commercial Real Estate Services, represented the landlord, ML Capital Ltd., in the direct deal.

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.