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Real Deals: 24 Hour Fitness in Fort Worth changes hands

🕐 7 min read

A 24 Hour Fitness Sport in Fort Worth has been sold to a private, California-based investment group.

Alvin Mansour of The Mansour Group, part of Marcus & Millichap Real Estate Investment Services, represented the seller and procured the buyer. Terms of the sale were not released.

The property, at 6000 Quebec St. just west of the Loop 820-Jacksboro Highway intersection, is part of Landmark Lakes, a 228,000-square-foot shopping center anchored by Lowe’s and Best Buy.

COLLEYVILLE LOFTS SOLD

Capital Management has sold The Lofts in Colleyville to Colleyville Lofts Venture. The 43,000-square-foot building is located at 5232 Colleyville Blvd.

The three-story structure includes 30 apartments on its upper floors and commercial space on the ground floor occupied by Colleyville Family Medicine, an affiliate of the Baylor Scott & White Health Network.

The building is part of a 26-acre mixed-use development called The Village at Colleyville, launched by Realty Capital in 2002.

Mark Boone represented Realty Capital, with Bard Hoover of Marcus & Millichap Real Estate Investment Services representing the buyer.

ZENITH FREIGHT LEASES

GRAND PRAIRIE SPACE

Zenith Freight Lines LLC has leased 86,100 square feet of industrial space at Wildlife Commerce Park, Building 2, 715 Wildlife Parkway in Grand Prairie. The firm also has agreed to lease 341,120 square feet in Building 5 when construction is complete.

Zenith Freight Lines plans to use the property for furniture manufacturing and distribution.

Kipp Collins of real estate firm Binswanger’s Dallas office represented the tenant. Will Mundinger represented the landlord, Crow Holdings.

CREA INVESTMENTS BUYS

3 OFFICE BUILDINGS

CREA Investments has acquired three office buildings in Las Colinas, Addison and Richardson.

CREA Investments, the privately held real estate investment services firm, acquired The Meridian in Las Colinas, The Belvedere in Addison and 2929 NCX in Richardson. Cushman & Wakefield has been hired to lease and manage all three properties.

The Meridian, with 100,359 square feet of office space, will undergo renovations to all corridors, restrooms and tenant lounge. Capital improvements also include adding spec suites on two prime floors. CREA Investments purchased the property because of what it calls its strategic location, convenient parking and value potential after renovation. Ward Eastman and Layne Mayfield of Cushman & Wakefield are representing the owner on all leasing transactions.

The Belvedere, with 141,180 square feet of Class A office space, will undergo renovations to corridors, restrooms and lobby. Clint Madison and Layne Mayfield of Cushman & Wakefield are representing the owner on all leasing transactions.

2929 NCX has 85,089 square feet of office space. Since it was sold, the lobby, corridors and restrooms have been renovated. Spec suites ranging from 1,500 square feet to 2,000 square feet are under construction. Layne Mayfield will represent the owner on all leasing, and Rebecca Cvar of Cushman & Wakefield represents the owner of all three buildings.

The acquisitions follow the merger of Cushman & Wakefield and DTZ, which closed on Sept. 1. The firm now operates under the Cushman & Wakefield brand.

120-UNIT COMPLEX

IN DALLAS SOLD

Quail Hollow Apartments, a 120-unit apartment complex in Dallas, has been sold to a private investor.

Terms of the sale were not released.

Stephen Crittenden of Marcus & Millichap Real Estate Investment Services’ Dallas office marketed the property on behalf of the seller, a limited liability company. The buyer also was procured by Crittenden.

“Quail Hollow Apartments needed an investor with experience stabilizing distressed ’80s assets,” Crittenden said in a news release. “The investor in this instance recognized the value of Quail Hollow and seized the opportunity to create another rehabilitated asset for their portfolio.”

Quail Hollow Apartments is located at 9666 Scyene Road. At the time of listing, its reported occupancy was 75 percent.

WESTMOUNT BUYS, RENAMES

COLONNADE APARTMENTS

Westmount Realty Capital has acquired the Colonnade Apartments, a Class A garden-style apartment property at 2815 Osler Drive in Grand Prairie. Westmount is rebranding the property as Westmount at the Colonnade.

The property features 192 living units on 11.19 acres. Federal National Mortgage Association financing for the acquisition was arranged by the Dallas office of Marcus & Millichap Real Estate Investment Services.

LEASES

Auntie’s Beads and Petie’s Inc. has leased 2,700 square feet at Riverbend Tech Center, Building 32, 2301-2337 Gravel Drive in Fort Worth. Todd Lambeth of Colliers International (USA)-Dallas represented the tenant.

ANB has leased 2,003 square feet at American National Bank Building, 2720 W. Seventh St. in Fort Worth. Jannelle Aguirre-Turner and Glen Hahn of Innovative Developers Inc. represented the tenant.

Low Testosterone Men’s Clinic has leased 1,824 square feet at The Village at Camp Bowie, 6115 Camp Bowie Blvd. in Fort Worth. Moore Matthews of Keller Williams represented the tenant. Shawn Fullam and Chris Thomas of Lincoln Property Co.-Dallas represented the landlord.

Taste of Asia has leased 2,395 square feet at Boswell Towne Center, 1165-1209 N. Saginaw Blvd. in Saginaw. Jeffrey Warwick of Weingarten Realty Investors-Houston represented the landlord.

Capstone Global LLC has leased 248,096 square feet at 1900 Timberlake Drive in Arlington. Jeremy Mercer of Mercer Co. represented the tenant. Brian Graham of CBRE represented the landlord.

Agee has leased 4,988 square feet at Commonwealth Center, 4200 S. Cooper St. in Arlington. Judy Nitzinger of Coldwell Banker Commercial Alliance-DFW represented the landlord.

Make It Happen Floors has leased 1,857 square feet at Ensenada Square, 301-333 S. Bowen Road in Arlington. Britton Lankford and Kerry Assa of Bright Realty Brokerage LLC represented the landlord.

A Sophisticated Affair has leased 3,160 square feet at 2205 W. Division St., Building A in Arlington. Loni Harris of Dodson Development represented the landlord.

Mayday Aviation Inc. has leased 3,200 square feet at Plaza Del Sol, 1225 Corporate Drive in Arlington. Marilyn Harris and George Jones of Cityspace Commercial Real Estate represented the tenant.

Academic Partnerships LLC has leased 3,896 square feet of office space at 517 E. Border St. in Arlington from Jorco Group Inc. Erik Blais and Clint Manning of Bradford Commercial Real Estate Services represented the landlord. Sanders Thompson and Brad Devine of Transwestern-Dallas represented the tenant.

Innovative Infusions has leased 3,125 square feet at Vandergriff Town Center, 200 N. Mesquite St. in Arlington. Easley Waggoner and Michael Wilson of Venture Commercial-DFW represented the tenant.

Arias & Associates Inc. has leased 2,400 square feet at Plaza Del Sol, 1225 Corporate Drive in Arlington. Marilyn Harris and George Jones of Cityspace Commercial Real Estate represented the tenant.

CBS Battery has leased 70,000 square feet at Mercantile Distribution Center 39, 4008 Clay Ave. in Haltom City. Andrew Ward of Mercantile Partners represented the tenant.

Pallet Racking Systems has leased 27,000 square feet at Mercantile Distribution Center 39, 4008 Clay Ave. in Haltom City. Andrew Ward of Mercantile Partners represented the landlord.

Battlefield Laser Tag has leased 16,850 square feet at 924 Northeast Loop 820 in Hurst. Scott Rodgers of DuWest Realty represented the landlord.

Must Love Fabric has leased 2,000 square feet at Grapevine Towne Center in Grapevine. Michelle Caplan and Matt Luedtke of The Weitzman Group-DFW represented the landlord.

Provider Science has leased 1,590 square feet of office space in Southlake Town Square at 1256 Main St. Matt Montague of Jones Lang LaSalle represented the tenant. Trey Smith and Ward Eastman of Cushman & Wakefield represented the landlord, Retail Properties of America.

Efficient Logistics & Freight Services has leased 25,304 square feet at Prologis Hanover, 801 Hanover Drive in Grapevine. Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas represented the landlord.

Bankers Life Insurance Co. has leased 9,564 square feet at Northstar II, 8713 Airport Freeway in North Richland Hills. David Cason of Holt Lunsford-Fort Worth represented the landlord.

Distribute North America has leased 4,875 square feet at Prologis Port America 14, 750 Port America Place in Grapevine. Sammy Abuhamra of Mercer Co. represented the landlord.

Lone Star Financial Associates has leased 1,926 square feet at Ridgewood Square, 1237 Southridge Court in Hurst. Melinda Payne of Commercial Property Maintenance LLC represented the landlord.

Mathnasium has leased 1,542 square feet at Mayfair Village, 500-754 Grapevine Highway in Hurst. Rob Murphy of Phillips Edison & Co.-Cincinnati represented the landlord.

EOS Solutions has leased 12,308 square feet of industrial space at 1315 N. Royal Lane in Irving. Blake Anderson, David Eseke and Chris Hillman of Cushman & Wakefield represented EOS Solutions.

Rebuilders Specialty Inc., has leased 2,700 square feet at Post & Paddock Place, Building 5, 1000 Post and Paddock St. in Grand Prairie. The tenant was represented by Jim Ferris of Bradford Commercial Real Estate Services-GSW Office. Corby Hodgkiss of Mercer Co. represented the landlord.

Protech Diamond USA Inc. has leased 12,064 square feet at 1600 109th St. in Grand Prairie. Joe Rudd of Transwestern represented the landlord.

Send real estate news to lgraham@bizpress.net

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