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Real Deals: Lancaster + White Buffalo apartments acquired, renamed

🕐 5 min read

The Fort Worth Business Press obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm. Lancaster + White Buffalo apartments acquired, renamed The Lancaster + White Buffalo apartment community in Fort Worth has been purchased, with Bell Partners Inc. acquiring the West Seventh Street property. On behalf of its investors, Bell Partners purchased and will manage the 316-unit community just west of downtown. Constructed in 2013, the apartment complex is 93 percent occupied. “We seek to make investments in properties with attractive rent growth prospects,” said Nickolay Bochilo, senior vice president of investments for the Greensboro, N.C.-based apartment investment and management company. “Our attraction to the West [Seventh] District of Fort Worth is in part due to the appealing lifestyle amenities, proximity to employment, and expectation that recent growth and transformation of the area will accelerate in the coming years,” Bochilo said in a news release. Bell Lancaster comprises a four-story “wrap” building surrounding structured parking and two, three-story buildings with surface parking. It offers studio, one-bedroom, and two-bedroom units in 30 available floor plans. Bell Lancaster is the latest acquisition for Bell Partners, which has completed more than $2.2 billion in apartment transactions.

America’s Best Contacts and Eyeglasses leases in Grapevine America’s Best Contacts and Eyeglasses has leased 4,610 square feet space at Grapevine Towne Center. It joins anchors Target, Ross, Bealls, Office Depot and Cost Plus World Market in the retail center at 1217 W. Highway 114. Representing the tenant in the transaction were Dawn Greiner and Ryan Johnson of SRS Real Estate Partners and Kathryn Bieber Knoll with Cassidy Turley Commercial Real Estate Services. Representing the landlord, Grapevine/Tate Joint Venture, was Matt Luedtke of The Weitzman Group.

SALES Industrial Mancave LLC has purchased 79,927 square feet for an undisclosed price at 745 W. Hurst Blvd. in Hurst, according to Xceligent Inc. Representing the seller, Hurst Texas Re LP, in the transaction were Donnie Rohde and George Jennings of Holt Lunsford–Fort Worth. The buyer was represented by Shane Strickland of Hudson Peters Commercial. Bassham Foods has purchased 40,000 square feet for an undisclosed price at 6800 Snowden Road in Fort Worth, according to Xceligent Inc. Representing the seller, Chicken Express Realty Partners, in the transaction were Jeff Givens and Todd Hawpe of Transwestern–Fort Worth. The buyer was represented by Kyle Poulson of Transwestern – Fort Worth. LEASES Verizon Wireless has leased 24,816 square feet of office space at Solana office park, 6 Campus Circle, in Southlake. Representing the landlord, Blackstone and Equity Office, were Chris Taylor and Rodney Helm of Cassidy Turley Commercial Real Estate Services. Gerald Kepner has leased 2,179 square feet of office space at Sherry Lane Place, 5956 Sherry Lane in Dallas. Representing the landlord, JP Morgan, in the transaction were Clint Madison and Lauren Napper of Cassidy Turley Commercial Real Estate Services. Freedom Powersports of Carrollton LLC has leased a 20,181-square-foot retail building at 13700 Stemmons Freeway in Farmers Branch from Dove Creek Investment LP. Susan Singer, executive vice president of Bradford Commercial Real Estate Services, represented the landlord in the direct deal. Captain Hope’s Kids has leased 8,141 square feet of office-warehouse space at 10480 Shady Trail in Dallas from SVF Texas Lombardy LP. Brian Pafford, senior vice president and managing partner of Bradford Commercial Real Estate Services, represented the tenant. Gil Stroube of Lincoln Property Co. represented the landlord. Star Telegram Inc. has renewed 3,930 square feet of office space in the Landmark, 2201 N. Collins St. in Arlington from Collins Street Properties LLC. Erik E. Blais, market director of Bradford Commercial Real Estate Services, represented the landlord. Todd Burnett and Matt Montague of Jones Lang LaSalle represented the tenant. Iglesia Generacion Vida has leased 2,369 square feet of office space in Arlington Oaks, 215 Billings St. in Arlington from One Oak Over the Line. Judy Nitzinger of Coldwell Banker Commercial Alliance DFW represented the landlord in the direct deal. North American Precision Metals has leased 16,541 square feet at 72951 Northern Cross Blvd. in Fort Worth, according to Xceligent Inc. The tenant was represented by Michael Newsome of NAI Robert Lynn. Representing the landlord were Donnie Rohde and Matt Carthey of Holt Lunsford–Fort Worth. Swingshot Ventures has leased 4,185 square feet at 2834 Market Loop in Southlake, according to Xceligent Inc. Representing the landlord in the transaction was Eric English of English Realty-Arlington. Abco Beauty Supply has leased 1,475 square feet at 2637-2647 Ira E. Woods Ave. in Grapevine, according to Xceligent Inc. Representing the landlord in the transaction were Mark Boone and Phillip Bressinck of Realty Capital. DP Engineering has leased 5,874 square feet at Western Place II–West Tower in Fort Worth, according to Xceligent Inc. The tenant was represented by David Cason of Holt Lunsford–Fort Worth. Representing the landlord was Geoff Shelton of Holt Lunsford–Fort Worth. Cowser Tire & Service has leased 10,080 square feet at 4910-4920 Rondo Drive in Fort Worth, according to Xceligent Inc. The tenant was represented by Erik Blais of Bradford Commercial Real Estate Services–GSW Office. Representing the landlord was Brent Landfried of Mercer Co. Premier Install Movers has leased 48,732 square feet at 1002 Avenue T in Grand Prairie, according to Xceligent Inc. Representing the landlord in the transaction were Canon Shoults and Jim Brice of Holt Lunsford–Dallas. Rubio Automotive has leased 4,050 square feet at 1006 Harrison Ave. in Arlington, according to Xceligent Inc. Representing the landlord in the transaction was Brendan Smith of Bradford Commercial Real Estate Services–GSW Office. Beeline Trucking Inc. has leased 23,590 square feet at 5101 Village Creek Road in Fort Worth, according to Xceligent Inc. Representing the landlord in the transaction was Bob Scully of CBRE–Fort Worth. Galleria Furniture has leased 5,888 square feet at 6201-6299 Granbury Road in Fort Worth, according to Xceligent Inc. Representing the landlord in the transaction were Gretchen Frankenthal and Eric Vickers of The Weitzman Group–DFW.

Send real estate news to lgraham@bizpress.net  

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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