A new 268-room hotel is coming to Arlington’s entertainment district.
Transwestern has brokered the sale of a 9.24-acre tract zoned for mixed use in Arlington to Drury Development Corp. for a full-service hotel. The property, west of the Lincoln Square retail center, will include a 268-room Drury Plaza Hotel and an upscale restaurant. Senior Vice President Larry Jordan and Managing Director Steve Williamson of Transwestern’s Retail Services group represented the seller.
“Drury was drawn to the development opportunity in North Arlington due to the area’s tremendous growth, many amenities and extensive entertainment options that regularly draw hotel guests from more than 100 miles away,” said Jordan. “The Drury Plaza Hotel will be one of the first full-service hotels constructed in North Arlington’s entertainment district since the Arlington Convention Center Hotel was built on Ballpark Way nearly 20 years ago.”
The area around Arlington’s entertainment district has been seeing a lot of activity of late, including the groundbreaking for the new ballpark and work on the Texas Live! development.
SOUTHLAKE FIRM ACQUIRES
DALLAS OFFICE COMPLEX
Southlake-based United Development Co. has purchased the three-building Park Forest office complex at 3530 Forest Lane in Dallas and will revive the 48-year-old property with a new $10 million development.
United Development bought the property from BRI 1815 3530 LLC based in Miami. The office complex sits on four acres and includes a three-story 70,000-square-foot building flanked by two 10,000-square-foot buildings.
Plans include razing the two single-story buildings and using this portion of the property for a retail climate-controlled Lone Star Self Storage facility. The new facility will open next fall and offer 60,000 square feet of storage on three levels. Lone Star Self Storage is a family-owned and -operated self-storage acquisition, development and management company. It has been in business since 1994 and owns six facilities in Garland, Lewisville, Mesquite, Plano and Rowlett.
The three-story Park Forest building will remain as is and some of the tenants in the low-rise buildings will relocate there. Built in 1969, the building was renovated in 2015 and is 80 percent occupied. Demolition on the two buildings is expected to start in January.
Tom Strohbehn of Cushman & Wakefield represented the seller and United Development Co. was represented by William B. Adams of Falcon Realty Advisors. The lender is Southwest Bank of Fort Worth.
THREE BUSINESSES FILL
SOUTHLAKE STRIP CENTER
Barrett England, senior director, and Roger Smeltzer, principal/broker at Vision Commercial, recently completed three lease negotiations at 1125 Davis Blvd., Southlake Wood Plaza in Southlake. In all three deals, Vision Commercial represented the landlord and has achieved 100 percent occupancy at the Southlake Wood Plaza neighborhood strip center.
Spicar’s Taekwondo has signed to lease Suite 300, the center in-line space consisting of 3,159 square feet. The lessee was represented by James Keoughan, senior vice president at Briggs Freeman/Sotheby’s International Realty. Spicar’s Taekwondo opened last summer.
Mulino Ristorante Italiano has signed to lease Suite 450, the 1,811-square-foot east endcap. Mulino was self-represented and opened last summer as well.
Medi Weight Loss signed a lease to occupy the west endcap, Suite 100, consisting of 2,086 square feet. Medi Weight Loss was represented by Byson Battle, vice president with Colliers International, and expects to open this year.
SALES
DD Camp Bowie Property LLC has acquired a 34,828-square-foot property with a 6,003-square-foot building at 5805 Camp Bowie Blvd. in Fort Worth. Gary Vasseur of Vasseur Commercial Real Estate Inc. represented the seller, Intec Capital LLC. Matt McWilliams of MCM Real Estate Advisors LLC represented the buyer. The property is occupied by Edwin Watts Golf.
Oakridge West, a 6,300-square-foot retail property located at 2815 Fort Worth Highway in Hudson Oaks, has been sold, according to Kyle Palmer, regional manager of Marcus & Millichap’s Fort Worth office. Chris Gainey and Philip Levy of Marcus & Millichap’s Fort Worth office had the exclusive listing to market the property on behalf of the seller, a private investor. Levy and Gainey secured the buyer, a local investor and developer.
QuikTrip has purchased 9.25 acres at the southeast corner of Interstate 30 and Westmoreland Road in Fort Worth from Dallas County Hospital System for an undisclosed price, CBRE announced. David Glasscock at CBRE represented the hospital system in the sale.
LEASES
Re-Teck has leased 128,019 square feet at Paddock Distribution Center III, 902 Avenue T in Grand Prairie. Sarah Ozanne and Matt Dornak of Stream Realty Partners LP-Fort Worth represented the landlord.
Double R has leased 105,000 square feet at 1990 N. State Highway 360 in Grand Prairie. Dan Lawson and Chris Bly of Proterra Properties Inc. represented the landlord.
ITR America–Texas has leased 80,225 square feet at Prologis GSW 56, 3709 E. Randol Mill Road in Arlington. Steve Koldyke and Brian Gilchrist of CBRE-Arlington and Jacob Milligan of Prologis represented the landlord.
Stens Specialty Brands has leased 80,000 square feet at 360 Distribution Center, 3010 Red Hawk Drive in Grand Prairie. Steve Koldyke and Brian Gilchrist of CBRE-Arlington and Dallas represented the tenant. Kacy Jones of CBRE-Dallas represented the landlord.
All Commercial Floors has leased 67,375 square feet at 1313-1325 Avenue R in Grand Prairie. Dan Lawson and Chris Bly of Proterra Properties Inc. represented the landlord.
Allgoods has leased 52,900 square feet at Prologis GSW 58, 918 113th St. in Arlington. Canon Shoults and Matthew McWilliams of Holt Lunsford-Dallas represented the landlord.
Mastec has leased 20,194 square feet at Parc North, Building 1, 2600 E. Loop 820 in Fort Worth. Seth Koschak, Blake Kendrick and Forrest Cook of Stream Realty Partners LP-Fort Worth represented the landlord.
Interstate Batteries has leased 15,000 square feet at Parc North, Building 2, 2601 Northern Cross Blvd. in Fort Worth. Seth Koschak, Blake Kendrick and Forrest Cook of Stream Realty Partners LP-Fort Worth represented the landlord.
Spirit of Halloween has leased 10,988 square feet at 891 Northeast Mall Blvd. in Hurst. Bobby Montgomery and Jon McDaniel of NAI Robert Lynn-Retail Division represented the landlord.
PPG Paint has leased 8,527 square feet at Parc North, Building 2, 2601 Northern Cross Blvd. in Fort Worth. Seth Koschak, Blake Kendrick and Forrest Cook of Stream Realty Partners LP-Fort Worth represented the landlord.
123 Garage Doors has leased 7,729 square feet at 321-333 Exchange Drive, Building 2 in Arlington. Bill Bexley of JSC Realty represented the landlord.
DFW MRI has leased 7,500 square feet at Plaza At The Parks, 1100-1110 W. Arbrook Blvd. in Arlington. Ann Cloud Ngo of Quine & Associates Inc.-Dallas-Fort Worth represented the landlord.
Hardy Diagnostics has leased 4,965 square feet at Oak Ridge Business Center, Building 1205, 1205 W. North Carrier Parkway in Grand Prairie. Mark Graybill and Colton Rhodes of Lee & Associates-Dallas represented the landlord.
PFS Transportation has leased 4,809 square feet at Oak Ridge Business Center, Building 1209, 1209 W. North Carrier Parkway in Grand Prairie. Mark Graybill and Colton Rhodes of Lee & Associates-Dallas represented the landlord.
CMA Management has leased 4,647 square feet at Central Park Tower, 2350 Airport Freeway in Bedford. Chris Wright and Hartley Hobson of Peloton Commercial Real Estate-Dallas Office represented the landlord.
Mango’s Breakfast and Lunch has leased 3,952 square feet at Wyndham Plaza, 2750 E. Southlake Blvd. in Southlake. Steve Ewing and Josh Flores of Edge Realty Partners-Dallas represented the landlord.
U S Ostomy Supply Inc. has leased 2,968 square feet at Central Park Tower, 2350 Airport Freeway in Bedford. Chris Wright and Hartley Hobson of Peloton Commercial Real Estate-Dallas Office represented the landlord.
Chop House has leased 2,943 square feet at The Tower, 500 Throckmorton St. in Fort Worth. Chris Flesner and Sam Littlejohn of Retail Solutions-Dallas represented the landlord.
Lena’s Pizza & Pasta has leased 2,925 square feet at The Village at Sports Center, 5001-5005 S. Cooper St. in Arlington. Cameron Haddad and Bobby Montgomery of NAI Robert Lynn-Retail Division represented the landlord.
Peyton Thomas Salon has leased 2,800 square feet at Wyndham Plaza, 2600 E. Southlake Blvd. in Southlake. Steve Ewing and Josh Flores of Edge Realty Partners-Dallas represented the landlord.
Fischer & Boone Plumbing Inc. has leased 2,400 square feet at Riverbend, Building 30, 7500-7530 Pebble Drive in Fort Worth. George Jennings, Donnie Rohde and Jake Neal of Holt Lunsford-Dallas and Fort Worth represented the landlord.
RGIS has leased 2,394 square feet at Arlington Oaks, 331 Osler Drive in Arlington. Judy Nitzinger of Coldwell Banker Commercial Advisors-DFW represented the landlord.
Packing & Shipping has leased 2,010 square feet at Basswood Village, 900 N. Blue Mound Road in Saginaw. Sam Littlejohn and Brian Sladek of Retail Solutions-Dallas represented the landlord.
EcoPro LLC has leased 2,000 square feet at Post & Paddock Place, Building 4, 1000 Post & Paddock St. in Grand Prairie. Turner Petersen of Mercer Co. represented the tenant. Corby Hodgkiss of Mercer Co. represented the landlord.
Sikk Hydrografix has leased 1,800 square feet at 1150 Blue Mound Road West, Building 800, in Haslet. Jim Eaton of RDS Real Estate represented the landlord.
2L Construction has leased 1,800 square feet at 1150 Blue Mound Road West, Building 800, in Haslet. Jim Eaton of RDS Real Estate represented the landlord.
Q Clothier has leased 1,500 square feet at The Shops at Clearfork, 5200 Monahans Ave. in Fort Worth. Richey Neeson of Simon-Texas represented the landlord.
Send real deals to Robert Francis at rfrancis@bizpress.net.