Fort Worth Business obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm.
La Quinta Inn in East Fort Worth sold
La Quinta Inn & Suites Fort Worth Eastchase, an 80-room property at 8250 Anderson Blvd., has been sold to a private investor.
Chris Gomes and Allan Miller of Marcus & Millichap Real Estate Investment Services’ Dallas and San Antonio offices, respectively, marketed the property on behalf of the seller, a limited liability company. The buyer also was procured by Gomes.
WOODMONT PLAZA NORTH
SOLD TO PRIVATE INVESTOR
Woodmont Plaza North in Fort Worth has been sold, with a private investor purchasing the 42,004-square-foot retail property at 6200 McCart Ave. Philip Levy of Marcus & Millichap Real Estate Investment Services’ Fort Worth office marketed the property on behalf of the seller, a private investor. Levy also secured the buyer, a private investor.
CONSTRUCTION UNDERWAY
ON FW SENIOR HOUSING PROJECT
Construction has begun on a 69,355-square-foot senior housing community at 6301 Oakmont Blvd. in Fort Worth that is set to offer 94 beds. The Nashville office of Doster Construction Co., along with developer Mainstreet, broke ground Oct. 8 on the $19.3 million property. It is planned to provide short-stay rehabilitation and therapy as well as assisted living.
The project marks the first undertaking between Doster and Mainstreet, a national real estate developer based in Carmel, Indiana. PRDG is the architect and construction is expected to finish by October 2016.
TITLEMAX OFFICE SOLD
TitleMax Title Loans’ Fort Worth property at 5100 E. Lancaster Ave. has been sold.
Marketing the 3,120-square foot, net-leased property on behalf of the seller, a private investor, were Chance Hales and Vincent Knipp of Marcus & Millichap Real Estate Investment Services’ Fort Worth office.
The property was originally leased in January 2013 for an initial period of 10 years. The lease calls for 8.5 percent rental increases every five years. About 7.5 years remain on the primary lease term with one five-year option to renew.
HALTOM APARTMENTS SOLD
Apartments at Amesbury Court has been sold to a private real estate investment company. The 312-unit apartment complex is located at 4699 Fossil Vista Drive in Haltom City.
Will Balthrope, Drew Kile and Rowan Burch, all of Institutional Property Advisors, represented the seller and procured the buyer, Hamilton Zanze.
“With the acquisition of Amesbury Court, HZ [Hamilton Zanze] expands its portfolio to 92 properties and exceeds 19,000 units,” said David Nelson, managing director with HZ, in a news release.
SALES
Performance Properties LLC has acquired Las Terrazas, a 230-unit apartment complex at 14018 Brookgreen Drive in Dallas from LTPH LLC. David McQuaid and Todd White, both of Performance, represented the buyer. Taylor Snoddy and Philip Wiegand of Transwestern-Dallas represented the seller.
Cranford Place in Garland has been sold to Cranford Place Property Group LLC. Boyan Radic, Doug Banerjee, Andrew Mueller and Ryan Hill of Greysteel represented 1935 Cranford Place IBAN LLC in selling the 22-unit community.
Elm Street Village, a 37-unit apartment property at 1303 S. Tennessee St. in McKinney, has been sold. Stephen Crittenden of Marcus & Millichap Real Estate Investment Services’ Dallas office marketed the property on behalf of the seller, a private investor. Crittenden also procured the buyer, a private investor with prior duplex investment experience.
LEASES
Apartment Service Management Co. and Lake of Dallas Inc. have leased 1,534 square feet and 1,458 square feet of office space, respectively, in Copeland Tower, 1250 E. Copeland Road in Arlington, from WF Tower-Dallas LLC. Clint Manning, Richmond Collinsworth, Erik Blais and Ed Pachecano of Bradford Commercial Real Estate Services represented the landlord.
Geneva Financial LLC has leased 1,377 square feet and TrueNorth Cos. LLC has renewed its lease for 3,510 square feet of office space in Stadium Place, 1200 E. Copeland Road in Arlington. Clint Manning, Richmond Collinsworth, Erik Blais and Ed Pachecano of Bradford Commercial Real Estate Services represented the landlord, WF Tower-Dallas LLC.
The law office of Dulaney & Alam has leased 1,171 square feet and attorney Steve H. Evans has renewed his lease for 1,182 square feet of office space in Arlington Downs Tower, 2225 E. Randol Mill Road in Arlington. Erik Blais and Richmond Collinsworth of Bradford Commercial Real Estate Services represented the landlord.
DR Grant has leased 4,811 square feet at Magnolia Medical Tower, 1307 Eighth Ave. in Fort Worth. Jason Manske and Banks Newton of Lincoln Harris CSG-Dallas represented the landlord.
CityDoc Urgent Care has leased 4,292 square feet at The Corners Shopping Center, 3000-3024 W. Seventh St. in Fort Worth. Melissa Kulig and Mack House of The Westover Group represented the landlord.
Nancs Design LLC has leased 2,847 square feet at Stratum Centre At Fossil Creek, 5450 Stratum Drive in Fort Worth. The tenant was represented by Sammy Abuhamra of Mercer Co. Gil Stroube of Lincoln Property Co.-Dallas represented the landlord.
Tagged Again has leased 2,747 square feet at Lone Star Plaza, 6500-6510 Camp Bowie Blvd. in Fort Worth. Easley Waggoner and Michael Dearden of Venture Commercial-DFW represented the landlord.
Diamond Minds has leased 2,179 square feet at Alliance Town Center, 9401-9595 Sage Meadow Trail in Fort Worth. Troy Morgan of Structure Commercial represented the landlord and tenant.
Sprint has leased 2,000 square feet at Eastchase Market, 8560 East Freeway in Fort Worth. Paul Sheppard of DDR Corp.-Dallas/Fort Worth represented the landlord.
Wildcat Holsters has leased 6,500 square feet at 2750 N. Main St. in Mansfield. Kip Niles of KNK represented the landlord.
KRK has leased 5,738 square feet at Arlington Medical Plaza, 801 W. Road to Six Flags St. in Arlington. Jim Turano of Henry S. Miller Brokerage LLC-Dallas represented the landlord.
La Blue Casa has leased 2,145 square feet at UTA-The Shops at College Park, 100 UTA Blvd. in Arlington. Chris Corbin and Bob Moore of Venture Commercial-DFW represented the landlord.
Make It Happen Floors has leased 1,857 square feet at Ensenada Square, 301-333 S. Bowen Road in Arlington. Britton Lankford and Kerry Assa of Bright Realty Brokerage LLC represented the landlord.
A Sophisticated Affair has leased 3,160 square feet at 2205 W. Division St., Building A in Arlington. Loni Harris of Dodson Development represented the landlord.
Efficient Logistics & Freight Services has leased 25,304 square feet at Prologis Hanover, 801 Hanover Drive in Grapevine. Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas represented the landlord.
Bankers Life Insurance Co. has leased 9,564 square feet at Northstar II, 8713 Airport Freeway in North Richland Hills. David Cason of Holt Lunsford-Fort Worth represented the landlord.
Distribute North America has leased 4,875 square feet at Prologis Port America 14, 750 Port America Place in Grapevine. Sammy Abuhamra of Mercer Co. represented the landlord.
Taste of Asia has leased 2,395 square feet at Boswell Towne Center, 1165-1209 N. Saginaw Blvd. in Saginaw. Jeffrey Warwick of Weingarten Realty Investors-Houston represented the landlord.
Lone Star Financial Associates has leased 1,926 square feet at Ridgewood Square, 1237 Southridge Court in Hurst. Melinda Payne of Commercial Property Maintenance LLC represented the landlord.
Mathnasium has leased 1,542 square feet at Mayfair Village, 500-754 Grapevine Highway in Hurst. Rob Murphy of Phillips Edison & Co.-Cincinnati represented the landlord.
Rebuilders Specialty Inc, has leased 2,700 square feet at Post & Paddock Place, Building 5, 1000 Post and Paddock St. in Grand Prairie. The tenant was represented by Jim Ferris of Bradford Commercial Real Estate Services-GSW Office. Corby Hodgkiss of Mercer Co. represented the landlord.
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