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Garland's Apex Tool: sold in three weeks, $10.7M cashGarland's Apex Tool: sold in three weeks, $10.7M cashhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=74662013-05-06T07:54:00Z2013-05-06T00:00:00Z

GARLAND - The 341,840-sf Apex Tool Group building, a manufacturing and distribution facility at 3000 W. Kingsley Rd. has been sold. As part of the acquisition, Apex Tool Group signed a 20-year net lease for 100 percent of the building.

Westmount Realty plans to spend $1.5 million in building improvements, including replacing the roof, putting in additional parking and adding new landscaping. The Apex offices also will be renovated with new flooring, painting and other upgrades and repairs.

Apex Tool Group is a producer of hand, power and electric tools under brands such as Sears, Craftsman, Kobalt, Crescent and others. Marcus & Millichap Real Estate Investment Services arranged the sale.

Read more at Marcus & Millichap.

Dallas Business Journal
Dallas-Fort Worth-Arlington
Industrial
http://www.bizjournals.com/dallas/news/2013/01/29/westmount-realty-buys-apex-tool-group.htmlRead more at {Source}

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