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Real Estate Real Deals: Mansfield apartments sold

Real Deals: Mansfield apartments sold

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MANSFIELD APARTMENTS SOLD

Institutional Property Advisors, a division of Marcus & Millichap, has announced the sale of two apartment complexes in Mansfield. Villaggio, a 274-unit property completed in 2016, and Main Street Lofts, a 314-unit complex built in 2018. IPA’s Will Balthrope, Drew Kile, Joey Tumminello and Grant Raymond represented the sellers and pro-cured the buyers. Steadfast Companies purchased Villaggio from Carleton Residen-tial Properties and M.R. Development Corp. Weinstein Properties acquired Main Street Lofts from The NRP Group.

AUTISM SERVICES PROVIDER

MERAKEY OPENS FW SITE

Merakey, one of the nation’s largest providers of special education and human ser-vices, opened its first location in Texas to serve the needs of children and adults with autism in Tarrant County. Located at 4775 North Freeway in Fort Worth, the building spans 17,500 square feet. NAI Robert Lynn’s Fort Worth Retail Market Director Hunter Hayes brokered the deal. Todd Hubbard, president, and Colt Power, office division partner, both with NAI Robert Lynn Fort Worth, represented the landlord.

“We’re thrilled to expand our services to Texas to assist people on the autism spectrum in the Tarrant County community,” said Joe Martz, CEO of Merakey. “Our new building, retrofitted to meet the needs of children and adults we serve, gives our staff the oppor-tunity to provide services in a safe and fun learning environment.”

The flexible space in the building allows staff to offer different therapy and education services daily. The center provides services including applied behavior analysis thera-py, speech and occupational therapy, as well as a specialized childcare program called the Bee Me Center for children ages 3 to 6 of all abilities. Merakey’s education services have received a nonpublic school designation by the Texas Education Agency, allow-ing them to partner with local school districts. It is one of only 21 schools in Texas to receive this designation.

SALES

G+C Holdco LLC has sold 1,200 square feet of retail space located at 401 E. Border St. in Arlington. Suzy Featherston and Tom Heraty with NAI Robert Lynn represented the buyer and Jordan Foster of Peyco Southwest represented the seller.

Next Century Dental, a high-end single-tenant medical office building at 7748 Denton Highway in Watauga, has been sold by a private investor. Cody Payne and Ross Meisner in Marcus & Millichap’s Fort Worth office arranged the sale to a local 1031 Exchange buyer. The 8,042-square-foot building was built in 2000.

LEASES

Discovery Education Resources leased 10,800 square feet at Northern Crossing in Fort Worth. Donnie Rohde and George Jennings with Holt Lunsford Commer-cial represented the owner, GID. Jerry Boles of Worth Commercial represented the tenant.

Rad Distributors Inc. has leased 4,500 square feet at Airport Business Park in Fort Worth. George Jennings with Holt Lunsford Commercial represented the landlord, LCG Airport Circle. Brian Adams of Retail Street Advisors represented the tenant.

Dust Control renewed its lease of 2,140 square feet at Airport Business Park in Fort Worth. George Jennings with Holt Lunsford Commercial represented the landlord, LCG Airport Circle.

Stewart Title renewed its lease of 3,020 square feet at 700 Highlander Blvd. in Arling-ton. Geoff Shelton and Marshall Mays with Holt Lunsford Commercial represented the landlord, 700 Highlander Partners.

DFB Insurance Group renewed its lease of 2,547 square feet at 700 Highlander Blvd., Arlington. Geoff Shelton and Marshall Mays with Holt Lunsford Commer-cial represented the landlord, 700 Highlander Partners. Mike Quint with Newman, Knight and Frank represented the tenant.

Leeco Industries renewed its lease of 2,500 square feet at Village Creek Business Park in Fort Worth. George Jennings and Thomas Grafton with Holt Lunsford Commercial represented the landlord, TX Circle 821, LLC.

Data IQ has renewed its lease of 2,445 square feet at Overton Centre in Fort Worth. Matt Carthey and Jake Neal with Holt Lunsford Commercial represented the owner, TLC Urban.

Cindy Hauss has renewed her lease of 1,455 square feet at Overton Centre in Fort Worth. Matt Carthey and Jake Neal with Holt Lunsford Commercial represented the owner, TLC Urban.

David Fielding has leased 1,258 square feet at Mallick Tower in Fort Worth. Geoff Shelton and Marshall Mays with Holt Lunsford Commercial represented the land-lord, Mallick Tower.

Jeffrey Schaffer renewed his lease of 1,253 square feet at Summit Office Park in Fort Worth. Geoff Shelton and David Cason with Holt Lunsford Commercial represented the owner, Pennybacker Capital Inc. Grant Irwin with NAI Robert Lynn represented the tenant.

Legacy Financial leased 1,149 square feet of additional space at Summit Office Park in Fort Worth. Geoff Shelton and David Cason with Holt Lunsford Commer-cial represented the owner, Pennybacker Capital Inc.

Keaton Duhon and Jake Neal with Holt Lunsford Commercial represented the land-lord, Riverbend Properties, in the following leases at Riverbend Business Park in Fort Worth:

Bhayani Investments leased 4,000 square feet.

EE Song renewed its lease of 3,000 square feet.

Urban Infraconstruction renewed its lease of 2,700 square feet.

Stewart Premium Properties renewed its lease of 2,700 square feet.

Texas Choice Meat Co. renewed its lease of 2,700 square feet. Vertical Office Solu-tions leased 2,700 square feet.

Vision Window Coverings renewed its lease of 2,000 square feet.

Neema Maiing renewed its lease of 2,000 square feet.

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

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