DALLAS-Just three months after Weeks Robinson made its first acquisition in the Metroplex, the Atlanta-based firm has increased its stake in the market by establishing an office here and buying two industrial properties totaling 827,890 square feet in south Dallas.
Weeks Robinson hired Bob Rice, formerly a regional vice president with Seefried Properties, to lead its new local office, according to Forrest Robinson, CEO of Weeks Robinson. “In terms of our long-term business strategy, we always thought we would have a Texas office, either in Dallas or Houston,” he tells GlobeSt.com. “When we found out that Bob was available, we decided to go ahead and set up the office.”
In addition to his time with Seefried Properties, Rice also served as vice president of leasing for Duke Realty Corp. and district manager with RREEF Funds, overseeing a 3.5 million-square-foot industrial portfolio. In his new role, Rice will supervise the leasing and management of the firm’s local portfolio, as well as source new investment opportunities.
Currently, Weeks Robinson’s Metroplex portfolio consists of 1.2 million square feet of industrial properties including the most recent two-building acquisition in the Dallas Logistics Hub. The firm bought the class A buildings, located 4800 and 4900 Langdon Rd., from DLH Master Land Holding LLC and its parent company, Sacramento, CA-based Allen Capital Partners LLC.
The sale is part of the companies’ bankruptcy reorganization plan and was done to move the confirmation of the reorganization plan forward by reducing debt and paying off creditors. The lender for the properties was BBVA Compass Bank.
“I’ve always liked south Dallas for a logistics play, and we identified these properties very early as ones we wanted to look at,” Robinson says. “When the bank took them to market, we were ready to make an offer.” The firm obtained a loan from Wells Fargo to close the deal.
Built in 2009, the industrial buildings are adjacent to the Union Pacific Intermodal Terminal and the planned BNSF Intermodal Facility. They are LEED Gold certified by the US Green Building Council.
“The buildings have all the latest attributes that logistics companies want,” Robinson says, adding that they were 40% leased at the time of closing. “We’ll have an aggressive leasing program to get them leased up.”
Tom Pearson and Chris Teesdale of Colliers International in Dallas brokered the sale. Scott McGarity with Colliers will manage and lease the property with his team.
Robinson expects the Weeks Robinson portfolio to eventually reach four to five million square feet. Earlier this year, the firm acquired Forum 303 Crossing, a 505,000-square-foot industrial property in Arlington, TX.
“We’ve made a good start with the acquisitions we’ve made,” Robinson notes. “We like the Metroplex a lot.”
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
