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Real Deals: Francesca’s to open in Sundance Square

🕐 6 min read

Francesca’s, one of the fastest growing specialty retailers in the United States, is scheduled to open in Sundance Square next spring. Francesca’s will be located at 400 Commerce St., next to Del Frisco’s Grille.

Francesca’s will occupy more than 1,400 square feet of space designed to feel like an upscale boutique. The retailer is known for high-quality apparel, jewelry, accessories and gifts at affordable prices. Its customer base is primarily fashion-conscience women.

“Francesca’s unique retailing strategy and deep customer loyalty makes it an outstanding fit for Sundance Square,” said Johnny Campbell, president and CEO of Sundance Square. “Francesca’s limited quantities of individual styles and new merchandise every few days will make Francesca’s a regular go-to destination in Sundance Square.”

Francesca’s operates 663 boutiques in 48 states and the District of Columbia and also sells online. www.francescas.com.

EL RANCHO UNITS REFINANCED

Greysteel, a national commercial real estate investment services firm, has arranged permanent financing for the refinance of El Rancho Escondido, a multifamily property located in Fort Worth, on behalf of a local investor.

The 10-year, non-recourse loan, provided by an agency lender, features a fixed rate and two years of interest-only payments. The transaction was negotiated by Greysteel Senior Director Anton Mattli and finance associates John Marshall Doss and Zach Ghormley, who are all based in the company’s Dallas and Fort Worth offices.

El Rancho Escondido, built in 1967, has 152 units and is located at 2840 Las Vegas Trail.

“The borrower has done an outstanding job improving the property’s performance, allowing the borrower to fully cash out their initial investment and capital expenditures after just 1.5 years of ownership,” said Mattli. “Greysteel was able to negotiate a non-recourse, 10-year loan at 4.3 percent with two years of interest only and no escrow requirements.”

MONGOLIAN GRILL LEASE

Chan’s Mongolian Grill in North Richland Hills has extended its lease at The Crossing Shopping Center. Tony and Bonnie Chan, owners of the family-operated business for more than 15 years, say they expect to continue serving the healthy offerings and unlimited portions at the restaurant.

“We are excited to continue our relationship with Chan’s Mongolian Grill as they have been a wonderful restaurant operator,” said Liam Logan, Henry S. Miller Retail Division broker. “I think they deliver the best value for dining out in Dallas/Fort Worth.”

Other tenants at The Crossing Shopping Center include Kohl’s, Kroger, Aquatots, Mint Dentistry, and several national restaurants such as McAllister’s, Red Hot & Blue and Christina’s Mexican.

SALES

Scarlett Realty Investors LLC sold 10.51 acres at 3510 Boston Ave. in Benbrook to BB Villas at Boston Heights Housing. Jim Sager and Ben McBroom with Transwestern represented the seller.

Whitehead-Smith Investments Ltd. sold 9.02 acres at 12801 and 12775 Harmon Road in Fort Worth to Harmon Fund LP. Lester Day with Transwestern represented the seller.

The Vinnedge Building LP sold a 40,000-square-foot office building at 2100 N. Main St. and 108 N.E. 21st St. in Fort Worth to LMC Properties Inc. Sarah LanCarte with Transwestern represented the seller.

Lighthouse For The Blind sold a 25,004-square-foot industrial building at 3328, 3332 and 3340 S. Grove St. in Fort Worth to Ingersoll Burleson Properties. Jeff Givens and Todd Hawpe at Transwestern negotiated the transaction.

Golf Hills LLC sold a 4,900-square-foot office building at 2913 Lackland Road in Fort Worth to REC Properties Ltd. Kirk Kelly with Transwestern represented the seller.

LEASES

Gypsum Acquisition signed a 12,098-square-foot industrial extension at 1120 S. Blue Mound Road in Saginaw with Cheyenne Leasing & Materials. Sarah LanCarte with Transwestern represented the landlord.

ConsignMed Inc. signed a 4,019-square-foot office lease in the Star Telegram Building at 307 W. Seventh St. in Fort Worth with RYLB FW Properties LP. Whit Kelly and Kelly Whaley with Transwestern represented the tenant.

Denton SD LLC c/o The Spiral Diner signed a 3,369-square-foot retail lease in The Railyard at 608 E. Hickory St. in Denton with Rail Yard Partners Ltd. Bill Behr with Transwestern represented the tenant. Greg Johnson and Glen Farris with Coldwell Banker Commercial Verus Advisors represented the landlord.

Bojames B. Gunter signed a 3,000-square-foot retail lease in Rocky Point Shopping Center at 6060 Rocky Point Trail in Lake Worth with Katie’s Express Car Wash LLC. Amber Calhoun and Sarah LanCarte with Transwestern represented the landlord.

Green Bank N.A. signed a 2,983-square-foot office sublease in Burnett Plaza at 801 Cherry St. in Fort Worth with sublandlord Basic Energy Service LP. Kirk Kelly and Jeff Givens with Transwestern represented the subtenant.

Baillargeon Realty LLC signed a 1,292-square-foot office lease at 111 Boland St. in Fort Worth with 111 Boland LLC. Sarah LanCarte with Transwestern represented the tenant.

Schneider National Trucking Co has leased 104,490 square feet at 620 Westport Parkway in Grapevine. Stephen Cooper of NAI Robert Lynn represented the tenant. Rick Medinis, SIOR, Tyson Erwin, and Oscar Couto of NAI Robert Lynn represented the landlord.

Tarrant County Market Center has leased 33,945 square feet at Diamond Oaks Shopping Center, 4105-4121 Denton Highway in Haltom City. Randy Scott and Jeff Skibell of Quine & Associates Inc.-Dallas-Fort Worth represented the landlord.

Blackmon Mooring has leased 22,140 square feet at 1129 Avenue R in Grand Prairie. Michael Stanzel, SIOR and Patrick Embry of NAI Robert Lynn represented the landlord.

Onsite Fleet Services of Texas has leased 13,130 square feet at 3419-3421 Avenue D in Arlington. David Dunn and Dan Morris of SVN Commercial Realty-Dunn Commercial represented the landlord.

Dometics Corp. has leased 10,492 square feet at Heritage Commerce Center, Building 1, 1401 Heritage Parkway in Mansfield. George Jennings and Donnie Rohde of Holt Lunsford-Fort Worth represented the landlord.

ServiceMaster Fire & Water has leased 3,600 square feet at Riverbend, Building 24, 7501-7529 Pebble Drive in Fort Worth. Brent Landfried of Mercer Co. represented the tenant. George Jennings, Donnie Rohde and Jake Neal of Holt Lunsford-Fort Worth represented the landlord.

Ursus Holdings has leased 3,247 square feet at 701 Highlander Blvd. in Arlington. Renee Guy-Efimoff of Coldwell Banker Commercial Advisors–DFW represented the landlord.

Broad Express Medical Supply has leased 2,650 square feet at 2604 W. Marshall Drive in Grand Prairie. David Keal of Aubrey Keal Commercial Real Estate represented the landlord.

Eiko Ramen has leased 2,100 square feet at Arlington Park Square, 3701-3799 S. Cooper St. in Arlington. Bo Avery of TriMarsh Properties represented the landlord.

Nutrition Supplements has leased 1,791 square feet at Woodmont Plaza, 6401-6451 McCart Ave. in Fort Worth. Lopa Jagatdeo of AZT Corp. represented the landlord.

IT Fully Managed has leased 1,750 square feet at 1700 Tennison Parkway in Colleyville. Shawn Scott of The Lokker Group represented the landlord.

Quality Authorization Services has leased 1,610 square feet at 5500 E. Loop 820 South in Fort Worth. Beaux RIley of Coldwell Banker Commercial Advisors-DFW represented the landlord.

WingStop has leased 1,520 square feet at North Richland Hills Retail Center, 8412 Davis Blvd. in North Richland Hills. Cindy Dunn of CJ Dunn Commercial represented the landlord.

Res-Care has leased 1,500 square feet at Wellington Square, 6701-6731 Camp Bowie Blvd. in Fort Worth. Bradley Hickman Jr. of Hickman Investments represented the landlord.

Send real estate news to lgraham@bizpress.net.

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