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Tuesday, October 27, 2020
Real Estate Real Deals: Leases, sales and honors

Real Deals: Leases, sales and honors

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HONORS/AWARDS

Fort Worth-based Speed Fab-Crete, a full-service general contractor and precast concrete manufacturer, has received the 2019 “Quality Merit Award” from the National Precast Concrete Association (NPCA) in recognition of scoring amongst the top 25 in the U.S. for quality production practices.

Speed Fab-Crete is one of only two Texas-based companies to be honored out of nearly 400 NPCA-certified plants across the U.S. This achievement ranks Speed Fab-Crete in the top 7 percent of all NPCA-certified plants.

The NPCA established its national Plant Certification Program in 1987 to ensure a consistent industry benchmark and a high degree of excellence among precast operations. Since 1951, Speed Fab-Crete has specialized in a structurally loadbearing, precast, high-strength concrete wall panel building system. Architectural panel applications and various veneer finishes, including a precast, thin brick system, as well as components/systems for FEMA P-361 safe rooms and ICC 500 storm shelters, are among the numerous options produced at the company’s 15-acre manufacturing plant, located at 1150 East Kennedale Parkway in south Fort Worth

“The NPCA’s quality assurance committee is very thorough in their annual plant audits, and the fact that we rank amongst the top 25 of all NPCA-certified plants in the U.S. is a huge honor and testimony to the quality of the precast concrete products manufactured here at Speed Fab-Crete,” said Carl Hall, CEO and director of plant operations at Speed Fab-Crete.

SALE

Rio Vista, a 246-unit apartment property located at 6324 Baker Blvd. in Haltom City, has been sold. The buyer, a Florida-based investment company, plans to spend more than $2.5 million in renovations to the exteriors, common area amenities and unit interiors. Rio Vista was built in 1969

Al Silva, senior managing director for Investments and Ford Braly, senior associate in Marcus & Millichap’s Fort Worth office, marketed the 13-building property on behalf of the seller, a private California-based investment group that had owned the property for more than 24 years. The Silva Multifamily Team also secured the buyer.

LEASES

Pneumatic Technology renewed 27,525 square feet of space at 2305 Franklin Drive in Fort Worth. Forrest Cook and Seth Koschak of Stream represented the tenant. Transwestern’s Jeff Givens represented the landlord, Kensington Properties.

Cawley Gillespie & Associates renewed 10,878 square feet of space at the Fort Worth Club, 306 West Seventh St. in downtown Fort Worth. Forrest Cook and Tyler Maner with Stream represented the tenant.

Ferguson leased 57,996 square feet at Parc North Building 5, 2700 NE Loop 820 in Fort Worth. Seth Koschak and Forrest Cook with Stream represented the landlord, EastGroup Properties, and CBRE’s Brice Wells represented the tenant.

Lindsey’s Medical Spa LLC has leased 1,777 square feet of retail space located at 1800 Marketplace Blvd. in Irving. Monika Guzman with NAI Robert Lynn represented the tenant and Chris Sacks with CBRE represented the landlord.

Send real deals to Robert Francis at rfrancis@bizpress.net.

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