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Friday, January 22, 2021

Real Deals: Motel 6 Fort Worth South sold to investment group

Fort Worth Business obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm.

Motel 6 Fort Worth South sold to investment group

Motel 6 Fort Worth South has been sold by a private investor. A local investment group purchased the 146-room property at 6600 South Freeway.

Terms of the sale were not released.

Marketing the property were Chris Gomes, Skyler Cooper and Allan Miller of Marcus & Millichap Real Estate Investment Services. The buyer, an experienced Motel 6 operator, was sourced by Cooper.

LANCASTER APARTMENTS SOLD

Stag Apartments LLC has sold Lancaster Apartments to a local investor 18 months after buying the 85-unit Fort Worth property in a foreclosure sale. Dallas-based Stag spent $150,000 in improving the 10-building complex at 5200 E. Lancaster, which was developed in 1968 and renovated in 1999. Sam W. Pettigrew III with Dallas-based Cantrell Co. & Partners represented the seller.

SIERRA HERMOSA APARTMENTS SOLD

Sierra Hermosa in Fort Worth, a 168-unit apartment property at 3254 Las Vegas Trail, has been sold to a New Jersey-owned limited liability company. Representing the seller, a private partnership, were John Barker, Trey McGhin and Mark Allen of Marcus & Millichap Real Estate Investment Services’ Fort Worth office. The buyer was secured by Barker.

MOYSHA HOME FURNISHINGS

LEASES FORT WORTH SPACE

Moysha Home Furnishings has leased the 26,376-square-foot balance of a Class A warehouse in Northpoint Trade Center in Fort Worth.

The Houston-based interior design firm selected Building III at the trade center, 901 Eight Twenty Blvd. The 91,738-square-foot warehouse, now fully leased, is one of four in the 75 percent-leased Northpoint Trade Center.

“We had competition, but Northpoint was Moysha’s first choice because of the access to major freeways and competitive rates,” said Nick Talley, vice president of Dallas-based Bradford Commercial Real Estate Services, in a news release.

Talley representing the landlord, Exeter 700-751 Eight Twenty LP. Eric Glusing of Strategic Realty Consultants LLC represented the tenant, ALMOFA, which received a 1,200-square-foot office buildout as part of the lease terms.

ARLINGTON SITE ACQUIRED

FOR MEDICAL BUILDING

A new medical building is planned for Arlington after TNA Realty LP purchased a 30,000-square-foot site at 2712 Matlock Road for the 8,000-square-foot facility. Jim Turano of Henry S. Miller Brokerage represented the buyer. Bobby DeRiso of DeRiso Development represented the unidentified seller.

RICHLAND CORPORATE CENTRE

SOLD, RENOVATIONS PLANNED

Richland Corporate Centre in Richland Hills at 9001 Airport Freeway has been acquired by Dallas-based KOC Gran Via, a commercial real estate investment firm planning extensive upgrades for the office property.

The 142,425-square-foot, Class A facility was acquired from The Gaedeke Group, which owned the property for more than 20 years. Eric Mackey, Gary Carr and John Alvarado of CBRE brokered the sale. Terms of the transaction were not disclosed.

Frost Bank and History Maker Homes anchor the nine-story building. The property also features a three-story garden office building and three-level parking garage.

KOC Gran Via plans interior and exterior upgrades and a new conference room for tenant use. It also plans to market 4.8 acres surrounding the site for build-to-suit office, medical or retail pad site possibilities.

“This is the premier office building in the Mid-Cities submarket, and with the completion of construction along Airport Freeway, the building’s access to all areas of Tarrant County and D/FW International Airport has been greatly enhanced,” said Ben Sumner of KOC Gran Via in a news release.

“The building is 11 minutes from D/FW International Airport, 12 minutes from downtown Fort Worth and is right in the middle of the Northeast Tarrant County employee base that is regarded as one of the best in North Texas,” Sumner said.

Space is available for prospective tenants needing office spaces from 2,000 to 30,000 square feet, according to Sumner.

Handling property leasing are Sumner and Keith Fisher of Centurion Real Estate Partners, with Peleton Commercial Real Estate managing the location.

SUNSET GARDEN APARTMENTS SOLD

Sunset Garden Apartments at 7120 Baker Blvd. in Richland Hills has been sold to a partnership. John Barker and Alexander Skotarek of Marcus & Millichap Real Estate Investment Services’ Fort Worth office marketed the property on behalf of the seller,also a partnership. Barker and Skotarek also secured the buyer.

CASA AZUL APARTMENTS SOLD

The 16-unit Casa Azul apartments at 902 N. Oak St. in Arlington has been sold to an individual-personal trust. Terms of the sale were not released.

Robert Denninger and Scott Ogilvie of Marcus & Millichap Real Estate Investment Services’ Dallas office marketed the property on behalf of the seller, a limited liability company. Ogilvie and Denninger also procured the buyer.

SUB ZERO OPENS HURST STORE

Sub Zero Ice Cream & Yogurt has leased 2,335 square feet of retail space at 9986 Grapevine Highway in Hurst for its first Dallas-Fort Worth location. Jack Dawson of The Weitzman Group represented the tenant.

GREYSTEEL ARRANGES APARTMENT SALE

Hacienda Serena, a 38-unit Irving apartment complex at 1409 W. Pioneer Dr,, has been sold to a Dallas limited liability company, I & J – DSI LLC.

Boyan Radic, Doug Banerjee, Andrew Mueller and John Marshall Doss of Greysteel Inc.’s Fort Worth office served as adviser and sales agent to owner Hacienda Serena LLC.

“Hacienda Serena received a first-rate renovation, which allowed us to generate significant investor interest in the asset,” said Mueller in a news release.

DODSON DEVELOPMENT NABS

ARLINGTON RETAIL PROPERTY

Dodson Development has purchased a 0.81-acre retail pad site at State Highway 360 and East Randol Mill Road in Arlington from DePriest Limited Partnership. Bill Bledsoe of Henry S. Miller Brokerage’s investments and land division represented Dodson.

SALES

A private investor has sold a 41,000-square-foot office property at 610 S. Industrial Blvd. in Euless to another undisclosed private investor. Marcus & Millichap Real Estate Investment Services’ Cody Payne represented the seller. Marcus & Millichap’s Wayne Bares represented the buyer.

LEASES

Pest Bright Ideas has leased 3,500 square feet at Austin Plaza, 2401 Scott Ave. in Fort Worth, according to Xceligent Inc. Jim Austin and Tim Williams of Austin Commercial Real Estate represented the landlord.

SciFi Factory has leased 1,556 square feet at Lake Worth Towne Crossing, 6548-6636 Lake Worth Blvd. in Lake Worth, according to Xceligent Inc. Dan Shoevlin and Ryan May of CBRE | UCR Retail Advisors-DFW represented the landlord.

Livingston Hearing Aid Center has leased 1,547 square feet at Lake Worth Towne Crossing, 6548-6636 Lake Worth Blvd. in Lake Worth, according to Xceligent Inc. Dan Shoevlin and Ryan May of CBRE | UCR Retail Advisors-DFW represented the landlord.

Intelisol has leased 51,956 square feet at Northbrook Business Center, Building 2, 1001 Northeast Loop 820 in Saginaw, according to Xceligent Inc. Sarah LanCarte, Jeff Givens and Tracy Georges of Transwestern-Fort Worth represented the landlord.

Fuse5 has leased 1,464 square feet of office space in Southlake Town Square, 1256 Main Street in Southlake. Paul Blight of Glacier Commercial Realty represented Fuse5. Trey Smith and Ward Eastman of DTZ represented the landlord, Retail Properties of America.

Southwest Restaurant Equipment has leased 15,000 square feet at 3200-3220 Dalworth St. in Arlington, according to Xceligent Inc. Patrick Embry of NAI Robert Lynn represented the tenant. Bob Kent of Kent Realty represented the landlord.

Care Review has leased 10,695 square feet at Brookhollow Two, 2221 E. Lamar Blvd. in Arlington, according to Xceligent Inc. Richmond Collinsworth of Bradford Commercial Real Estate Services represented the tenant. Bryan Graham of CBRE-Arlington represented the landlord.

Metro Communications Systems has leased 9,628 square feet at Prologis Hanover 2, 601 Hanover Drive in Grapevine, according to Xceligent Inc. Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas represented the landlord.

Planet Fitness has leased 19,488 square feet at Haltom City Center, 3300-3328 Denton Highway in Haltom City, according to Xceligent Inc. Ryan Jordan and Tyler Grisham of Edge Realty Partners represented the tenant. Greg McDonald of The Weitzman Group-Dallas represented the landlord.

Joy Wash World has leased 3,414 square feet at Harwood Crossing, 1060-1080 N. Main St. in Euless, according to Xceligent Inc. Charlotte Cooper and Tonya Hagood of Venture Commercial-DFW represented the landlord.

Brandi Renee Designs has leased 3,000 square feet at the Kimball Building, 500 N. Kimball Ave. in Southlake, according to Xceligent Inc. Tim Lancaster of TLC Realty represented the landlord.

Lone Star Films has leased 2,650 square feet at 410-416 Grapevine Highway in Hurst, according to Xceligent Inc. Chris Mendez of Coldwell Banker Commercial Alliance-DFW represented the landlord.

Southern Donuts and Bakery has leased 1,788 square feet at 500 Bedford Road in Bedford, according to Xceligent Inc. Roger Smeltzer of Vision Commercial Real Estate represented the landlord.

Safelite Fulfillment Inc. has extended its lease for 16,230 square feet at 3201 E. Randol Mill in Arlington with 4045 Lamorna Drive. Joe Rudd of Transwestern represented the landlord.

Grocery Delivery Services USA has signed a lease for 10,000 square feet at 630 112th St. in Arlington with Karen Samulesohn. Joe Rudd of Transwestern represented the landlord.

Intelligent Mexican Marketing has leased 32,529 square feet at Pioneer 360 Business Center, Building 200, 2241 S. Watson Road in Arlington, according to Xceligent Inc. Cannon Green and Luke Davis of Stream Realty Partners LP-Dallas represented the landlord.

Duke’s Original Roadhouse has leased 17,150 square feet at the Shops at Central Park, 2200-2400 Airport Freeway in Bedford, according to Xceligent Inc. Jill Fisher of Dunhill Partners-Dallas-Ft. Worth represented the landlord.

Classy Closets of DFW has leased 9,992 square feet at DFW Airfreight Center, 1240 Texan Trail in Grapevine, according to Xceligent Inc. Phillip Rosenfeld, Matt Thompson and Jacob Goodman of Colliers International (USA)-Dallas represented the landlord.

Art Ballet Academy has leased 3,506 square feet at Woodridge Village, 6001-6077 Interstate 20W in Arlington, according to Xceligent Inc. Jeff Marek of Vision Commercial Real Estate represented the landlord.

Texas C&D Amusements has leased 2,850 square feet at Trinity Plaza, Building I, 4005 Clay Ave. in Haltom City, according to Xceligent Inc. Ed Runyon of WFR Properties represented the landlord.

American Senior Benefits has leased 2,005 square feet at Stadium Place, 1200 E. Copeland Road in Arlington, according to Xceligent Inc. Erik Blais, Richmond Collinsworth and Clint Manning of Bradford Commercial Real Estate Services represented the landlord.

Texas Health Resources has leased 19,788 square feet at the JPMorgan Chase Bank tower, 500 E. Border St. in Arlington, according to Xceligent Inc. Neal Puckett of CBRE-Dallas represented the landlord.

Northstar Energy has leased 10,858 square feet at Copeland Tower, 1250 E. Copeland Road in Arlington, according to Xceligent Inc. Erik Blais, Richmond Collinsworth and Clint Manning of Bradford Commercial Real Estate Services-Fort Worth represented the landlord.

Stars & Stripes has leased 7,100 square feet at Prologis Port America 23, 800 Port America Place in Grapevine, according to Xceligent Inc. Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas represented the landlord.

Gameday Productions Inc. has leased 6,405 square feet at Regency Office Center, 1331-1441 Airport Freeway in Euless, according to Xceligent Inc. Roger Smeltzer of Vision Commercial Real Estate represented the landlord.

Fair Choice has leased 3,737 square feet at 3017 Medlin Drive in Arlington, according to Xceligent Inc. Sue Burns of Isenberg Management Associates represented the landlord.

Texas Secure Title Co. has leased 1,983 square feet at Chase Bank Center, 1301 S. Bowen Road in Arlington, according to Xceligent Inc. Derek Wright of Texas Allegiance Real Estate represented the tenant. Beaux Riley of Coldwell Banker Commercial Alliance-DFW represented the landlord.

Frontier Utilities LLC has leased 1,845 square feet at Brown Trail Tower, 2921 Brown Trail in Bedford, according to Xceligent Inc. Colt Power of NAI Robert Lynn represented the landlord.

Kimball Distributing Inc. has renewed its lease for 9,770 square feet of warehouse space in Westfork Business Center, Building III, 1555 Avenue S, Grand Prairie. Michael W. Spain and Jim Ferris of Bradford Commercial Real Estate Services represented landlord, DCT-TX 2004 RN Portfolio LLP. David Dunn of Dunn Commercial represented the tenant.

The University of Texas at Arlington has leased 4,840 square feet of warehouse space in Westfork Business Center, Building II, 1515 Avenue S in Grand Prairie from DCT-TX 2005 RN Portfolio LLP. Michael W. Spain and Jim Ferris of Bradford Commercial Real Estate Services represented the landlord. Jill Bayne of Alliance Commercial Real Estate represented the tenant.

Continental Carbonic Products Inc. has leased 11,280 square feet of warehouse space at 601 Avenue R in Grand Prairie from DCT-TX 2005 RN Portfolio LLP. Michael W. Spain and Jim Ferris of Bradford Commercial Real Estate Services represented the landlord. Keenan Cook of the Mercer Co. represented the tenant.

Mainstreet Integration Services & Consulting has leased 60,000 square feet at Main Street Distribution Center, 2510 W. Main St. in Grand Prairie, according to Xceligent Inc. Cannon Green and Luke Davis of Stream Realty Partners LP-Dallas represented the landlord.

API has leased 102,105 square feet at Prologis GSW 60, 2951 N. Great Southwest Parkway in Grand Prairie, according to Xceligent Inc. Dave Anderson of CBRE-Dallas represented the tenant. Michael Peinado, Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas represented the landlord.

MD Metalsource has leased 22,140 square feet at 1129 Avenue R in Grand Prairie, according to Xceligent Inc. Joe Santaularia and Brock Wilson of Bradford Commercial Real Estate Services represented the landlord.

Send real estate news to lgraham@bizpress.net

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