The Fort Worth Business Press obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm.
NBC complex in east Fort Worth sold
NBC Universal Media’s regional headquarters has been sold to Olympus Ventures. The 75,000-square-foot facility is located at The Campus @ CentrePort office park, 4805 Amon Carter Blvd. in east Fort Worth.
The purchase price was not disclosed.
Representing the seller were CBRE’s Eric Mackey, Gary Carr, John Alvarado, Robert Hill and Pete Van Amburgh.
Developer KDC’s sale to Olympus comes two years after it constructed the building. The facility is leased to NBC Universal Media.
“This offering checked all of the boxes with respect to what investors are looking for today: a stable, investment-grade cash flow coupled with a premier corporate community,” said Mackey of CBRE Capital Markets Investment Properties in a news release.
My Fit Foods takes balance
of RiverPark Business Center
RiverPark Business Center in Fort Worth has reached 100 percent occupancy, backfilling 14,760 square feet of distribution space with Austin-based My Fit Foods Inc.
The new tenant signed a long-term, triple net lease for the 15600 Trinity Blvd. property. In return, it gains Class A industrial space for a commercial kitchen and distribution center to serve retail stores and online orders throughout North Texas and beyond.
About 5,000 square feet of the leased space is dedicated as office.
“We had a lot of activity on that space. Ultimately, the landlord thought this company was the best fit,” said Michael W. Spain of Dallas-based Bradford Commercial Real Estate Services, commenting in a news release.
Negotiating the direct deal for the landlord, SCG River Park Business Center LP, were Spain and Will Dillard, a Bradford broker associate.
My Fit Foods occupies an end cap of a 145,400-square-foot building, the smaller of the project’s two structures. The space was empty for about six months, with no additional openings confirmed for the near future.
My Fit Foods has retail locations in Arizona, California, Illinois, Oklahoma and Texas; 37 of its 54 stores operate in Texas.
expands in Grapevine
Classic Chevrolet has purchased 11.2 acres in Grapevine at Texas 121 and Stone Myers Parkway.
Representing the dealership was Bill Bledsoe of Henry S. Miller Brokerage’s Investments and Land Division. Bruce Harbour of Harbour Realty represented the sellers, a local partnership group.
First Choice ER opens in Haslet
First Choice Emergency Room has opened a new Haslet facility at 13172 Northwest Highway 287.
“Our experienced team is pleased to be a part of this new fully equipped community emergency room,” said Dr. S. Vance Renshaw, medical director of the facility, called First Choice Emergency Room Haslet.
First Choice Emergency Room facilities feature a full radiology suite, including CT scanner, digital X-ray and ultrasound.
2GR investment firm
buys Richardson building
2GR Equity LLC of Grapevine has acquired a 27,000-square-foot office building in Richardson.
The property at 3310 Matrix Drive is part of Renner Technology Business Park at President George Bush Turnpike and Renner Road.
The business park includes more than 382,000 square feet of office-flex space. Not including the 2GR property, the park is 95 percent occupied, mainly by medical, technical and research-and-development tenants.
The property was purchased from an owner-user who occupied the building since 2004 but sold his company in early 2014 when the property was first listed for sale.
Brett McMillan of Paladin Partners will lease the property for 2GR and its investors. McMillan previously worked for Vantage Companies, the developer of the business park, and helped sell seven buildings on the property.
“As the DFW commercial real estate market continues to strengthen, we are very pleased to have acquired this property at roughly 60 percent of replacement cost,” said Elizabeth Roll, a principal with 2GR Equity LLC, commenting in a news release.
The transaction marks the 16th deal closed by 2GR Equity since its formation in March 2011. 2GR Equity is a real estate investment firm providing joint-venture equity for commercial real estate in Texas.
Jackson-Shaw has partnered with Amstar to buy more than 31 acres for Parc North, a 440,000-square-foot industrial development in North Fort Worth. The Class A industrial space is expected to be completed in third-quarter 2015. Providing construction financing was Comerica Bank, with Mycon General Contractors and GSR Andrade Architects rounding out the project development team.
H&B Development & Construction LP has acquired a 10,500-square-foot industrial building on 1.4 acres at 529 W. Rock Island Road in Grand Prairie from Son Van Ngo. Will Dillard of Bradford Commercial Real Estate Services represented the buyer. Yen Vo of Stanfield Realtors represented the seller.
Legett & Platt Inc. has leased 60,120 square feet at 2107-2113 Franklin Drive in Fort Worth, according to Xceligent Inc. The tenant was represented by Becky Thompson of Lee & Associates-Fort Worth. The landlord was represented by Bob Scully of CBRE–Fort Worth.
Bridgestone America’s tire operations has leased 14,926 square feet at North Beach Industrial, building 2, 341-361 N. Beach St. in Fort Worth, according to Xceligent Inc. Ryan Boozer of Stream Realty represented the tenant. Phillip Rosenfeld and Matt Thompson of Colliers International (USA)-Dallas represented the landlord.
Sam’s Italian Cafe has leased 2,150 square feet at Sycamore Village, 3515-3525 Sycamore School Road in Fort Worth, according to Xceligent Inc. Bryan Dyer and Trip Green of Woodmont Co.-Fort Worth represented the landlord.
3 Tree Yoga has leased 1,650 square feet at 618 S. Jennings Ave. in Fort Worth, according to Xceligent Inc. Will Northern of Northern Realty Group represented the tenant. Dawn Potthoff of Coldwell Banker Commercial NRT represented the landlord.
Alternative Cutting Methods Inc. has leased 6,270 square feet at Felix Street Business Park, 100 E. Felix St. in Fort Worth, according to Xceligent Inc. Jeff Givens and Tracy Georges of Transwestern-Fort Worth represented the landlord.
Earth Products Inc. has leased 5,879 square feet at Summit Office Park II, 1300 Summit Ave. in Fort Worth, according to Xceligent Inc. David Cason of Holt Lunsford-Fort Worth represented the landlord.
Invacare Corp. has renewed its lease for 63,626 square feet of distribution space at 3460 S. Watson Road in Arlington. Michael W. Spain of Bradford Commercial Real Estate Services represented the tenant. Steve Koldyke and Kacy Jones of CBRE represented the landlord, PPF Industrial 3440-3470 S. Watson Rd. LLC.
Petmate Inc. has leased 38,251 square feet at Arlington Business Park, 600 109th St. in Arlington, according to Xceligent Inc. John Brewer of Transwestern-Dallas represented the landlord.
YGI International has leased 20,000 square feet at 3405-3451 Dalworth St. in Arlington, according to Xceligent Inc. Phillip Rosenfeld and Matt Thompson of Colliers International (USA)-Dallas represented the landlord.
Beth Inc. has leased 2,970 square feet at Commerce Business Park, 585 Commerce St. in Southlake, according to Xceligent Inc. Sammy Abuhamra of Mercer Co. represented the tenant. Southlake Commerce Business Park represented the landlord.
Speith Anderson USA LLC has leased 4,054 square feet of warehouse space in the Aledo Industrial Complex, 104 Nu Energy Drive in Aledo from Aledo Industrial Park. Nick Talley of Bradford Commercial Real Estate Services represented the tenant. The landlord used in-house representation.
Floor Partners has leased 12,000 square feet at 1800 Cypress St., building C in Haltom City, according to Xceligent Inc. D&L JV represented the landlord.
Square Event Technologies has leased 10,232 square feet at 1163 Ruggles St. in Grand Prairie, according to Xceligent Inc. Keenan Cook of Mercer Co. represented the tenant. Patrick Embry and Michael Stanzel of NAI Robert Lynn represented the landlord.
Continental Office Group LLC has renewed its lease for 22,374 square feet of distribution space in Gateway East Business Center, building 1, 4002 Miller Road in Garland. Susan Singer and Michael T. Grant of Bradford Commercial Real Estate Services represented the landlord. Chris Stout and Michael Haggar of Jones Lang LaSalle represented the tenant.
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