Matthews Acquires Nearly 2 Million Sq. Ft. Complex on 38.55 Acres in Dallas

DALLAS--(BUSINESS WIRE)--Matthews has acquired the former Sears Roebuck distribution center at 1600 Roe Street in Dallas, a 1,982,900-sq. ft. industrial complex situated on 38.55 acres just south of downtown.

The landmark property, once a hub for Sears' national retail operations, later became the Cedars Commerce Center, most recently occupied by LBA Logistics. Its scale and strategic location near major highways make it one of the city's most significant redevelopment opportunities.

"This acquisition reflects Matthews' nearly 30-year commitment to the Cedars area," said David Davidson, Jr., Davidson Bogel Real Estate (DB2RE), who, along with colleague Jake Milner, brokered the transaction. "Jack Matthews was one of the early pioneers who recognized this neighborhood's potential, and this property represents the next chapter in that vision."

Matthews has already transformed the Cedars through strategic investments including:

• Entertainment venues: Gilley’s Dallas (92,000 sq. ft.), which includes the 28,000-sq. ft. South Side Ballroom, and Alamo Drafthouse Cinema (30,000 sq. ft., 7 screens)
• Over 900 residential units across multiple developments including South Side on Lamar (457 units), South Side Flats (290 units), Belleview (164 units), Southside Place (41 David Weekley single family homes) and The Beat Lofts (75 units)
• CANVAS Hotel (76 keys)
• Dallas Police Department Headquarters (360,000 sq. ft.)
• Dallas College Administrative Office (80,000 sq. ft.)
• The acclaimed South Side on Lamar mixed-use development, which converted a historic Sears catalog warehouse into one of Dallas' most celebrated destinations

"What makes this acquisition unique is Matthews' approach," added Jake Milner of DB2RE. "They're not coming in with a predetermined masterplan. They want to hear from the community and the market first—institutional investors, major tenants, retailers, hospitality operators, civic leaders and neighbors."

Jack Matthews emphasized the company's collaborative approach: "Through almost 30 years of investment, we've created a destination that draws nearly 1.8 million visitors annually to the Cedars. We believe that with the right plan, this can be a flagship property that will more than double commercial activity in the area — a fully mixed-use property that all of Dallas can enjoy.”

About Matthews

Matthews is a global real estate development company with projects spanning three continents. For over 30 years, Matthews has handled every aspect of development, from securing investment and providing advisory services to managing construction and long-term operations.

Since 1994, Matthews has built its reputation on a handshake approach guided by four core values: do the right thing, build partnerships that last, create long-term value, and thrive in complexity.

Matthews operates across three regions (North America, Europe, and the Middle East) and includes five specialized divisions: Matthews Hospitality, Matthews West, Matthews Energy, Matthews Switzerland, and Inspire Dallas.

About Davidson Bogel Real Estate

Davidson Bogel Real Estate (DB2RE) is a Dallas-based commercial real estate firm specializing in land, investment sales, and development services. The firm provides advisory, brokerage, and strategic services to developers, investors, and landowners across Texas and the southern United States. DB2RE is recognized for its market expertise, innovative approach, and proven track record of facilitating transformative real estate transactions.