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Real Deals: Forest Oak Apartments in Arlington changes hands

🕐 4 min read

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

Forest Oaks Apartments in Arlington has been sold to the Dallas commercial real estate firm Westmount Realty Capital LLC. Westmount plans to rebrand the 164-unit complex at 2408 Forest Oaks Lane as Westmount at Forest Oaks.

“This property provided Westmount an ‘off market’ acquisition opportunity with a strong potential for successful repositioning,” said Michael Anderson of Westmount, commenting in a news release. “Additionally, the location of Westmount at Forest Oaks is in an area of North Texas with a strong current and projected job growth.”

Westmount at Forest Oaks is minutes away from Dallas/Fort Worth International Airport, Lockheed Martin Corp., GM and Bell Helicopter-Textron Inc., among other major employers. It offers 116 one-bedroom units and 48 two-bedroom units.

AVENUE 900 COMPLEX

IN EULESS SOLD

Avenue 900 apartments in Euless has been sold. An unnamed buyer bought the 300-unit property at 900 Grange Hall Drive. Will Balthrope, Drew Kile, Joey Tumminello and Rowan Burch of Institutional Property Advisors, a division of Marcus & Millichap Real Estate Investment Services, represented the buyer and seller and procured the buyer.

SALES

World Mission COG has purchased Ministerio Gracia, formerly known as Dallas West International Church, at 3321 W. Park Row Drive in Arlington from Ministerio Gracia. Gene J. Livens of Service Realty Inc. represented the seller, Bill Travis of Service Realty represented the buyer.

6125 Partners LLC has purchased 42,462 square feet on 1.38 acres at 6125 Airport Freeway in Haltom City. Brice Wells of CBRE-Fort Worth represented the seller, VKM II LLC.

Senior Care Living VI LLC has purchased 14.3 acres on the southeast corner of FM 3040 and Valley Parkway in Lewisville. Matthew Huckin of Valhalla Real Estate represented the tenant. Marty Neilon of CBRE-Dallas represented the seller, Hawkeye Realty Campbell Ranch LP.

Dallas Terminal LLC has purchased 16,775 square feet at 3409 High Prairie Road in Grand Prairie. Brian Gilchrist, Steve Koldyke and Kacy Jones of CBRE-Dallas represented the seller, Dallas Logistics LLC.

LEASES

Attorney General of Texas has leased 2,811 square feet at One Ridgmar Centre, 6500 West Freeway in Fort Worth. Phil Sandlin and Christine Teagle of NavStar Commercial represented the landlord.

Smoothie King has leased 1,700 square feet at 5733 Camp Bowie Blvd. in Fort Worth. Michael Meaden of CBRE | UCR Retail Advisors-DFW represented the landlord.

Crestwood has leased 15,211 square feet at Summit Office Park, 1200 Summit Ave. in Fort Worth. Blake Lloyd of CBRE-Fort Worth represented the landlord.

Petrohill Resources LLC has leased 2,003 square feet at 2720 W. Seventh St. in Fort Worth. David Walters of CBRE-Fort Worth represented the tenant. Blake Lloyd of CREW-Fort Worth represented the landlord, One Flow Energy Services LLC.

Virtuoso Ltd. has leased 29,315 square feet at 777 Main St. in Fort Worth. Jack Huff and Kyle Poulson of Transwestern-Fort Worth represented the tenant. Whit Kelly and Kelly Whaley of Transwestern-Fort Worth represented the landlord.

Hi-Standard Equipment & Supply (Besco) has leased 6,353 square feet at 501 E. Broadway Ave. in Fort Worth. Ryan Matthews of JLL-Fort Worth represented the tenant. Sarah LanCarte of Transwestern-Fort Worth represented the landlord.

Zimmer Biomet has leased 5,005 square feet at Forest Park, Building 2, 2129 W. Broadway St. in Fort Worth. Will Martin of W. Martin & Co.-Fort Worth represented the landlord.

Blackwell Barton Biomedical Solutions LLC has leased 2,000 square feet at 3920-3936 W. Vickery Blvd. in Fort Worth. Chris Stewart of Vasseur Commercial Real Estate Inc. represented the landlord.

Quality Edge Inc. has leased 36,450 square feet at 634 107th St. in Arlington. Brian Gilchrist of CBRE-Dallas represented the landlord, Uni-Pacific International LLC.

Orangetheory Fitness has leased 2,898 square feet at Arlington Highlands, Building M, 4000 Curtis Mathes Way in Arlington. John Mathes and Alex Johnson of The Retail Connection-Dallas represented the landlord.

The Charter School Fund LLC has leased 102,000 square feet at 6361 Grapevine Highway in North Richland Hills. Tommy Nelson of CBRE-Dallas represented the landlord, GSMC 2011-GSC The Hills LLC.

Brightstar Wireless Inc. has leased 1,175 square feet at 2100 Airport Freeway in Bedford from Armstrong Central Bedford LLC. Michael Meaden of CBRE-Dallas represented the tenant.

The Michael Group has leased 2,438 square feet at Precinct Office Park, 1845 Precinct Line Road in Hurst. Brian Tobey of The Makens Co. represented the landlord.

Kirkland’s has leased 11,590 square feet at Park Village, 1001-1161 E. Southlake Blvd. in Southlake. Greg Bracchi of Edge Realty Virtuoso Ltd. represented the tenant. Amy Pjetrovic and Tim Henson of Venture Commercial-DFW represented the landlord.

Zoe Furniture Rufe Snow LLC has leased 10,400 square feet at 5435 Rufe Snow Drive in North Richland Hills. Craig Hughes of Hughes Commercial represented the landlord.

Fullcontact Inc. has leased 3,818 square feet at 1320 Greenway Drive in Irving from AREP I Atrium LLC. Baron Aldrine of CBRE-Dallas represented the tenant.

Sita SC has renewed its lease for 4,956 square feet at 909 Lake Carolyn Parkway in Irving. Neal Puckett of CBRE-Dallas represented the tenant. Justin Miller of Transwestern represented the landlord, KBSIII Tower at Lake Carolyn LLC.

Dynamex has leased 50,112 square feet at DFW Industrial Park, Building B, 1102 W. North Carrier Parkway in Grand Prairie. Kacy Jones and Steve Koldyke of CBRE-Dallas represented the landlord.

Premiere Martial Arts has leased 1,500 square feet at Lake Ridge Village, 5145 Lake Ridge Parkway in Grand Prairie. Ann Cloud Ngo of Quine & Associates Inc.-Dallas/Fort Worth represented the landlord.

Walter Surface Technologies Inc. has leased 22,686 square feet at 710 Gateway Blvd. in Coppell. Brian Gilchrist of CBRE-Dallas represented the landlord, Prologis.

Send real estate news to lgraham@bizpress.net

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