The Fort Worth Business Press obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm.
174-acre tract sold in North Fort Worth
Hicks Field Ltd., a local development partnership, has purchased a 174.56-acre tract at 10390 Hicks Field Road off Business 287 in North Fort Worth.
Chief Resources LP sold the property, with Bill Bledsoe of Henry S. Miller Brokerage’s Investments and Land Division brokering the deal.
“It is safe to assume that an industrial-style development is a strong possibility” for use of the tract, said Bledsoe, noting the area’s predominant industrial makeup. The land has several active gas wells but no current development or tenants, Bledsoe said. The property was on the market for 15 months. Co-listing the property was Robert Grunnah of Novus Realty Advisors.
East Fort Worth land acquired
for mixed-use development
Victory Real Estate Group has acquired an 18.5-acre tract along Eastchase Parkway and Interstate 30 in east Fort Worth.
Plans call for a mixed-use retail development comprising six pad sites, with two hotels, a big-box retailer and up to 50,000 square feet of additional retail space.
Construction is planned to begin soon and be complete by the end of 2016.
Victory Real Estate Group is a commercial development and investment firm that has developed more than 1 million square feet of commercial real estate since forming in 2005.
West Village apartments
in Arlington sold
West Village apartments in Arlington has been sold to Alpine Heritage Group LLC.
Arranging the sale of the 66-unit property was the Fort Worth office of The Greysteel Co., a Washington, D.C.-based real estate investment services firm. West Village is located at 300-310 West Pioneer Parkway.
Serving as advisers to Westside Village LP, the seller, were Greysteel multifamily investment representatives Boyan Radic, Doug Banerjee, Andrew Mueller and John Marshall Doss.
Colleyville Downs sold
to Kite investment trust
Colleyville Downs has been acquired by Kite Realty Group retail real estate investment trust. The 201,000-square-foot retail center is located at Texas 26 between Glade Road and Centerpark Drive.
Colleyville Downs was redeveloped in 2013-2014 by Centennial Real Estate Co. It is 92 percent leased and features Northeast Tarrant County’s first Whole Foods Market as one of its three anchor tenants.
Greenbrier adding staff,
space in Colleyville
The Greenbrier Companies plans to add employees to its Colleyville office as expands.
The company, a rail and marine equipment manufacturing and leasing firm, is adding space as it expands its product development and engineering offices. It recently leased 4,480 square feet in addition to its existing 5,993-square-foot space at the Village at Colleyville just east of City Hall.
The firm employs 20, mostly engineers.
Martin Graham of Greenbrier Cos. represented the firm in lease negotiations. Debra Perryman and LeAnn Brown of Silver Oak Commercial Real Estate represented building owner CCI of Austin.
Colleyville’s central location led the firm to relocate 20 engineers to the area in 2014, Graham said in a news release. More employees are expected to be hired in the next few months, according to the company.
“The office is located conveniently to D/FW [International Airport], which allows easy access to our Mexican facilities and to one of our major customers in Fort Worth,” Graham said.
The firm reviewed several potential locations before choosing Colleyville, Graham said.
“It was important not only from a logistical point of view, but also our chosen location needed to provide the appropriate environment and housing availability. Colleyville gave us all of that,” Graham said.
Sales
Hulen South Tower Ltd. has sold a 69,000-square-foot office building at 3880 Hulen St. in Fort Worth to Smith-Thomas Investments LLC. Whit Kelly and Leland Prowse of Transwestern represented the seller.
SE & AE Investments Inc. has sold a 2,400-square-foot industrial building at 1512 Northwest 21st St. in Fort Worth to GA4 Property Investments LLC. Sarah LanCarte of Transwestern represented the seller.
GPP Arlington LLC has sold 30 lots in the Georgetown Addition in Arlington to Endeavor Wall Homes LLC. Lester Day and Matt Bilardi of Transwestern represented the seller.
AW 2005 Trust and W. Chandler Wonderly 2006 Trust have sold a 3,332-square-foot building at 2918 W. Park Row in Pantego to Steven Poole. Kirk Kelly of Transwestern represented the seller.
Variosystems Inc. has acquired a 14,550-square-foot light-industrial building on 3.5 acres at 1628 Valwood Parkway in Carrollton from Global Harvest Church. Richmond Collinsworth of Bradford Commercial Real Estate Services represented the buyer. George Tanghongs of Lee & Associates represented the seller.
Martrini Air LLC has sold 11 acres at 111 E. Industrial Blvd. in Cleburne to PPL Real Estate LLC. Todd Hawpe and Jeff Givens of Transwestern represented the buyer.
Circle E Investments has sold a 14,400-square-foot industrial building at 1901 S. Highway 171 in Cleburne to Random Properties Inc. Sarah LanCarte of Transwestern represented the buyer.
Leases
XTO Energy Inc. has expanded and renewed its lease for 23,199 square feet at 777 Main St. in Fort Worth with F7 SSSM LLC. Whit Kelly of Transwestern represented the landlord.
Davidson Document Solutions Inc. has leased 15,454 square feet at 7873 Will Rogers Blvd. in Fort Worth from Realty Associates Fund X LP. Todd Hawpe of Transwestern represented the tenant.
Priority Equipment Services has leased 14,022 square feet at 2727 Premier St. in Fort Worth. Todd Hawpe of Transwestern represented the tenant, and Frank Jester of Transwestern represented the landlord.
Graybar Electric Co. Inc. has leased 14,523 square feet of industrial space at 7879 Will Rogers Blvd. in Fort Worth from Realty Associates Fund X LP. Nick Talley of Bradford Commercial Real Estate Services represented the landlord. Todd Hubbard of NAI Robert Lynn represented the tenant.
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