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Real Deals: Coldwell Banker Commercial Alliance DFW inks merger, changes name

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Fort Worth Business Press obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm.

Coldwell Banker Commercial Alliance DFW inks merger, changes name

Coldwell Banker Commercial Alliance DFW has joined in the recent merger of the nation’s largest Coldwell Banker Commercial affiliates.

“We have benefited greatly from our affiliation with Coldwell Banker Commercial since we joined in January 2014,” said Gary Walker, managing principal of CBCA DFW, commenting in a news release.

“Our name will change slightly and our platform will expand, but it will still be the same experienced team of professionals carrying the flag,” Walker said.

The brokerage will be known as Coldwell Banker Commercial Advisors.

The merger allows the local affiliate to expand its presence, with CBC Advisors already acquiring a Houston office. “In addition, we plan on opening a third office in North Texas on the Dallas side of the metro,” Walker said.

DFW-area senior management includes Carol Coffman-Sosebee, chief operating officer, and Theron Bryant, principal of the Fort Worth office. The brokerage team comprises 12 associates with more than 100 years of combined commercial real estate experience in office, industrial, medical, land and retail, as well as seven support staff members. The firm is headquartered at 255 N. Center St., Arlington, with a Fort Worth office at 1300 S. University Dr.

CBC Advisors bought the DFW firm about three months ago from New York-based Sutherland Asset Management. The DFW office recently joined the network, which has 30 offices in Alaska, Arizona, California, Colorado, Florida, Idaho, New York, Nevada, Texas and Utah.

ARLINGTON APARTMENTS SOLD

SVN has arranged the sale of Fielder Crossing in Arlington, a 132-unit apartment property at 1727 Westview Terrance. Todd Franks and Jon Krebbs of SVN marketed the property on behalf of the seller and procured the buyer, an out-of-state private investor.

BUYER TO REHAB UNITS

IN ARLINGTON, DALLAS

River Oaks Apartments in Arlington and The Grove at White Rock in East Dallas have been acquired by S2 Capital, a multifamily real estate investment firm.

River Oaks, at 711 Brentford Place, comprises 188 units and awaits $2.5 million in renovations, according to the buyer, based in Dallas. The Grove, at 10429 Lone Tree Lane, offers 282 units and awaits $5 million in renovations. S2 Capital plans to rename The Grove property “The Zeke” after the Dallas Cowboys’ newest running back, Ezekiel Elliot.

The purchase marks S2 Capital’s 20th Dallas-Fort Worth acquisition.

HURST APARTMENTS SOLD

Old Capital has provided a $2.7 million loan for buying and renovating Regency Place Apartments, 503 Brown Trail in Hurst. A local ownership group acquired the 78-unit property for an undisclosed price. Old Capital provided a five-year loan at 4.5 percent fixed interest with one year of interest-only payments. The loan was structured to fund 75 percent of the purchase price and all renovations and unit upgrades.

LEASES

The Culinary School of Fort Worth has leased 12,000 square feet at Ridglea West Shopping Center, 6550 Camp Bowie Blvd., Suite 110, in Fort Worth. Nathan Vasseur and Chris L. Stewart of Vasseur Commercial Real Estate Inc. represented the tenant, with Huck Newberry of The Newberry Co. representing the landlord.

GF-17 has leased 20,840 square feet at 210 South Freeway in Fort Worth. Forrest Cook of Stream Realty Partners LP-Fort Worth represented the tenant. Sarah LanCarte of Transwestern-Fort Worth represented the landlord.

Salsa Limon has leased 2,877 square feet at The Tower, 500 Throckmorton St. in Fort Worth. Jordan Johnson of Piper Commercial Real Estate represented the tenant. Chris Flesner and Sam Littlejohn of Retail Solutions-Dallas represented the landlord.

NCC Die Casting LLC has leased 5,700 square feet at 825 Southway Circle in Fort Worth. Chris Stewart of Vasseur Commercial Real Estate Inc. represented the landlord.

Williams Welding has leased 4,250 square feet at 1979 Josh Road in Fort Worth. Sarah LanCarte of Transwestern-Fort Worth represented the tenant. Todd Hawpe and Jeff Givens of Transwestern-Fort Worth represented the landlord.

Snap Fit has leased 3,000 square feet at Holland Plaza, 717 N. Holland Road in Mansfield. Michael Berkowitz of Colonial Commercial Real Estate LLC represented the landlord.

Eden & Co. has leased 1,800 square feet at 505-507 E. Abram St. in Arlington. Coy Garrett of Coy E. Garrett & Associates represented the landlord.

Werx has leased 1,799 square feet at Trinity Park Southlake, 935 S. Kimball Ave. in Southlake. Andrew Beckman and Steve Shrum of Glaciers Commercial-Dallas represented the landlord.

Tricorp USA has leased 1,750 square feet at Prologis Hanover 2, 601 Hanover Drive in Grapevine. Turner Petersen of Mercer Co. represented the tenant. Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas represented the landlord.

English Eateries has leased 6,259 square feet at 8000 Bedford Euless Road in North Richland Hills. Troy Morgan and Eric Deuillet of Structure Commercial represented the tenant.

Pure Point Financial has leased 2,298 square feet at Park Village, 1001-1161 E. Southlake Blvd. in Southlake. Amy Pjetrovic and Tim Henson of Venture Commercial represented the landlord.

Copper Castle LLC has leased 1,500 square feet at Northwest Crossing Center, 409-457 E. Northwest Highway in Grapevine. Darrell Wayland of Independent Builders represented the landlord.

Waterford Academy has leased 6,462 square feet at 315 Harwood Road in Bedford. Patricia Lopez of Retail Solutions represented the tenant. Roger Smeltzer of Vision Commercial Real Estate represented the landlord.

Cycom Logistics has leased 6,000 square feet at Prologis Port America 19, 755 Port America Place in Grapevine. Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas represented the landlord.

Seagate Freight LLC has leased 48,000 square feet at Prologis Hanover 3, 701 Hanover Drive in Grapevine. Brent Landfried of Mercer Co. represented the tenant, with Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas representing the landlord.

Tricorp Transportation Inc. has leased 9,750 square feet at Prologis Hanover 2, 601 Hanover Drive in Grapevine. Turner Petersen of Mercer Co. represented the tenant Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas represented the landlord.

Loveria Caffe Taste of Italy has leased 2,501 square feet at Town Center Colleyville, 5501-5701 Colleyville Blvd. in Colleyville. Easley Waggoner and Amy Pjetrovic of Venture Commercial represented the landlord.

Global Experience Specialists Inc. has leased 2,028 square feet of office space at 1425 Greenway Drive in Irving from Meridian Associates Owner LLC. Matt Heidelbaugh of Cushman & Wakefield represented the tenant.

Vision Service Plan has leased 3,094 square feet of office space at 5700 Granite Parkway in Plano from Granite Properties. Natalie Snyder of Cushman & Wakefield represented the tenant.

Global Trade Management has leased 20,007 square feet at 1330-1358 W. North Carrier Parkway in Grand Prairie. Kacy Jones, Steve Koldyke and Brian Gilchrist of CBRE-Dallas represented the landlord.

Quality Driver Solutions has leased 1,716 square feet at Post & Paddock Place, Buildings 1 and 2, 1000 Post & Paddock St. in Grand Prairie. Corby Hodgkiss of Mercer Co. represented the landlord.

Stop Hunger Now has leased 6,555 square feet of industrial space at 807 S. Great Southwest Parkway, Suite 807 in Grand Prairie, from First Industrial Realty Trust Inc. Blake Anderson, David Eseke and Tim Farley of Cushman & Wakefield represented the tenant.

Altaquip has leased 35,000 square feet at 901-941 Avenue N in Grand Prairie. Michael Stanzel and Patrick Embry of NAI Robert Lynn represented the landlord.

Ace World Advantage LLC has leased 3,250 square feet at Post & Paddock Place, Building 5, 1000 Post & Paddock St. in Grand Prairie. Corby Hodgkiss of Mercer Co. represented the landlord.

Send real estate news to lgraham@bizpress.net

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