Ford Square 4 Properties in Arlington, TX

Cushman & Wakefield’s Retail Investment Advisors are pleased to exclusively offer the opportunity to acquire Ford Square (the “Property”) , a prime valueadd/redevelopment opportunity located in the fourth largest MSA in the nation, DFW (Arlington), Texas. Historically a Ford dealership, Ford Square consists of 49,595 gross leasable square feet and is currently 95% leased to a mix of autocentric tenants at well below market rates with a low WALT of 1.16 years. The property has a prominent location in the market situated at the NE hard corner of N. Mesquite and E. Division Street, the major East/West thoroughfare, with a combined traffic count of nearly 30,000 VPD.
Ford Square is located in the revitalizing downtown district of Arlington and less than a half mile from Texas’/Arlington’s largest Entertainment district (AT&T stadium, Globe Life Stadium, Six Flags, Texas Live!, etc) and The University of Texas Arlington Campus which presents a strategic opportunity to capitalize on these substantial demand generators.
The immediate market has already seen major redevelopments such as the “Urban Union District” which is an adjacent mixed-use project that has transformed 5 city blocks of car lots and old industrial space into a walkable lifestyle experience featuring nearly 150,000 SF of entertainment, restaurants, bars, loft apartments, and creative office. New developments in this market are asking rents upwards of $40 psf and the average market rents are $33 psf (NNN). A quick survey of this market clearly validates the ongoing revitalization happening and shift away from older industrial sites to walkable, vibrant sites with locally owned businesses.
Ford Square provides investors with a rare opportunity to acquire a near full city block in the nation’s 4th largest MSA with substantial value-add potential through adaptive redevelopment of the property, creating a mix of fresh, creative class tenants that draw the crowds and substantially grows the cash flow.