{"id":1004775075,"date":"2025-10-20T05:28:58","date_gmt":"2025-10-20T13:28:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004775075"},"modified":"2025-10-20T06:44:02","modified_gmt":"2025-10-20T14:44:02","slug":"matthews-acquires-2-msf-industrial-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/matthews-acquires-2-msf-industrial-campus\/","title":{"rendered":"Matthews Acquires 2 MSF Industrial Campus"},"content":{"rendered":"\n<p>Matthews has acquired a nearly 2 million-square-foot, two-building, multistory former Sears Roebuck distribution center in the Cedars district of Dallas, it was announced Friday by Davidson Bogel Real Estate, which brokered the transaction. The seller and most recent occupant was LBA Logistics.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/Former-Sears-Roebuck-distribution-center-site.png\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004775085\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/matthews-acquires-2-msf-industrial-campus\/former-sears-roebuck-distribution-center-site\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/Former-Sears-Roebuck-distribution-center-site.png\" data-orig-size=\"800,620\" 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;&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=\"Former Sears Roebuck distribution center site\" data-image-description=\"&lt;p&gt;Image came with press release: https:\/\/www.citybiz.co\/article\/760397\/matthews-acquires-nearly-2-million-sq-ft-complex-on-38-55-acres-in-dallas\/?abkw=citybizdallas&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Matthews has acquired a nearly 2 million-square-foot, two-building, multistory former Sears Roebuck distribution center in the Cedars district of Dallas. Image courtesy of Davidson Bogel Real Estate&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/Former-Sears-Roebuck-distribution-center-site.png?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/Former-Sears-Roebuck-distribution-center-site.png\" alt=\"Two-building, multistory former Sears Roebuck distribution center in the Cedars district of Dallas\" class=\"wp-image-1004775085\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/Former-Sears-Roebuck-distribution-center-site.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/Former-Sears-Roebuck-distribution-center-site.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/Former-Sears-Roebuck-distribution-center-site.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">Matthews has acquired a nearly 2 million-square-foot, two-building, multistory former Sears Roebuck distribution center in the Cedars district of Dallas<em>. Image courtesy of Davidson Bogel Real Estate<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The two- and five-story complex, also known as the Cedars Commerce Center, carries the street addresses of 1500 and 1600 Roe St., according to Yardi Matrix data.<\/p>\n\n\n\n<p>LBA Realty had purchased the property from Sears Holdings in 2017 as part of a portfolio sale for an undisclosed price, also according to Yardi Matrix data.<\/p>\n\n\n\n<p>The 2 million-square-foot industrial complex sits on 38.5 acres just south of downtown.<\/p>\n\n\n\n<p>A dollar value for the transaction was not disclosed, and neither Matthews or Davidson Bogel replied to <em>Commercial Property Executive<\/em>\u2019s request for further information.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/small-scale-industrials-broad-appeal\/\">Small-Scale Industrial\u2019s Broad Appeal<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Matthews has long been involved in the Cedars area, with projects and investments such as the 92,000-square-foot Gilley\u2019s Dallas entertainment venue, more than 900 residential units across multiple developments, the 76-key CANVAS Hotel and the headquarters building of the Dallas Police Department.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-previous-experience-highly-desired\">Previous experience highly desired<\/h2>\n\n\n\n<p>Although Matthews reportedly does not have firm plans for the property, stating that they first want to get input from potential investors, tenants, retailers and hospitality operators, as well as the community, it appears from the announcement that a mixed-use property is likely.&nbsp;<\/p>\n\n\n\n<p>Matthews has some experience with projects like this, having earlier transformed a Sears catalog warehouse into the South Side on Lamar mixed-use development.<\/p>\n\n\n\n<p>Beginning in 1997 with the 1913-vintage Sears Roebuck Catalog Merchandise Center, South Side on Lamar gradually grew to include 466 high-rise commercial and residential lofts. The 40-acre transit-oriented development is just south of the Dallas Convention Center.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The buyer will likely redevelop the multistory property as a mixed-use project.<\/p>\n","protected":false},"author":882,"featured_media":1004775085,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21748,21783,21742,51973],"tags":[44981,35057],"class_list":["post-1004775075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-industrial","category-investment","category-latest","category-southwest","tag-lba-logistics","tag-sears-holdings-corporation"],"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>Matthews Acquires 2 MSF Industrial Campus - 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