{"id":1004708055,"date":"2024-03-28T04:07:46","date_gmt":"2024-03-28T12:07:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004708055"},"modified":"2024-03-28T04:36:06","modified_gmt":"2024-03-28T12:36:06","slug":"farmer-brothers-to-relocate-hq-to-fort-worth","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/farmer-brothers-to-relocate-hq-to-fort-worth\/","title":{"rendered":"Farmer Brothers to Relocate HQ to Fort Worth"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a3d3aecbf1da&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004708061\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/farmer-brothers-to-relocate-hq-to-fort-worth\/14501-n-freeway\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/14501-N.-Freeway-e1711622686953.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"14501 N. Freeway\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;14501 N. Freeway includes 70,000 square feet of industrial space. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/14501-N.-Freeway-e1711622686953.jpg?w=1000\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/14501-N.-Freeway-e1711622686953.jpg\" alt=\"14501 N. Freeway\" class=\"wp-image-1004708061\" style=\"width:331px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/14501-N.-Freeway-e1711622686953.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/14501-N.-Freeway-e1711622686953.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/14501-N.-Freeway-e1711622686953.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The building at 14501 N. Freeway also includes 70,000 square feet of industrial space. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Coffee roaster, wholesaler and distributor Farmer Brothers has signed a 54-month leasing agreement for 25,000 square feet at 14501 N. Freeway in Fort Worth, Texas. The owner is Panda Restaurant Group, which acquired the property in 2022, according to CommercialEdge data. <\/p>\n\n\n\n<p>The tenant will relocate its headquarters to the new space by the end of its 2024 fiscal year. In 2023, it sold its previous, 540,000-square-foot facility in Northlake, Texas, along with its direct ship business. TreeHouse Foods purchased the asset for approximately $100 million.<\/p>\n\n\n\n<p>The new offices will house the company\u2019s executive team and between 125 and 150 of its support staff. Farmer Brothers also moved and centralized its roasting operations to a facility in Portland, Ore.<\/p>\n\n\n\n<p>Completed in two phases, in 2000 and 2008, the property spans 170,000 square feet and includes 70,000 square feet of industrial space. In 2022 it became subject to a 10-year $27.3 million loan from JPMorgan Chase, CommercialEdge data shows. Another tenant at the facility is Galderma Laboratories, according to the same source.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-metroplex-office-vacancy-keeps-ticking-up\">Metroplex office vacancy keeps ticking up<\/h2>\n\n\n\n<p>Located off Interstate 35, the property is roughly 18 miles north of downtown Fort Worth. It is also some 20 miles from Dallas-Fort Worth International Airport.<\/p>\n\n\n\n<p>As of February, the full-service equivalent listing rate for office spaces in the Metroplex was $27.62, representing a 4.6 percent year-over-year decrease, considerably below the $37.83 U.S. figure, <a href=\"https:\/\/www.commercialsearch.com\/news\/uncovering-regional-disparities-in-remote-work\/\">a recent CommercialEdge report<\/a> shows. The vacancy rate in the Metroplex climbed 430 basis points over a 12-month period through February to 21.1 percent, above the national rate of 17.9 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company signed a 25,000-square-foot lease with Panda Restaurant Group.<\/p>\n","protected":false},"author":3120,"featured_media":1004708061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1586,21742,21747,51973],"tags":[35274],"class_list":["post-1004708055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-latest","category-office","category-southwest","tag-jpmorgan-chase"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Farmer Brothers to Relocate HQ to Fort Worth - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Farmer Brothers has entered into a 54-month leasing agreement for 25,000 square feet at 14501 N. 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