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Real Estate Real Deals: O.B. Macaroni building in Fort Worth sold to M2G

Real Deals: O.B. Macaroni building in Fort Worth sold to M2G

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

The 42,000-square-foot O.B Macaroni Co. building at 108 South Freeway in Fort Worth has been purchased by M2G Ventures.

Built in the late 19th century as a stagecoach hotel, the building subsequently was converted into a pasta factory. It stood as the nation’s oldest privately held pasta factory until December 2015.

“We are so thrilled to bring this historic property into its new era. Redevelopment plans are underway,” said Jessica Worman, co-president of M2G Ventures, commenting in a news release.

VERANDAS AT CITYVIEW

APARTMENTS CHANGE HANDS

The Verandas at Cityview at 7301 Oakmont Blvd. in Fort Worth has been sold to an undisclosed buyer.

The Davis Companies and Marquette Companies sold the 314-unit apartment property, which they purchased in January 2013 and renovated. Renovations included an outdoor swimming pool, spa, 24-hour fitness center, clubhouse with TV lounge, business center, laundry facility and picnic area.

“We were attracted to Verandas based on its good bones and unique physical position in the immediate submarket,” said Trevor Ryan, director of asset management at Marquette Companies, commenting in a news release.

“This repositioning, combined with our value-enhancing physical improvements, allowed us to increase operations and outperform our total return expectation upon sale,” Ryan said.

Sean Mabarak of SPI Advisory represented the buyer; Dirk Goris, Ryan Reid and Jeremy Faltys of CBRE represented TDC and Marquette Companies.

LEASES

Cotten Schmidt and Abbott LLP have leased 10,699 square feet at the Pier 1 Imports building, 100 Energy Way in Fort Worth. Todd Burnette and Pat McDowell of JLL-Fort Worth represented the landlord.

Ardent Creative has leased 5,478 square feet at 707 W. Vickery Blvd. in Fort Worth. Seth Koschak and Tyler Maner of Stream Realty Partners LP-Fort Worth represented the landlord.

Texas Draft has leased 15,000 square feet at 120 S. Sylvania Ave. in Fort Worth. Kyle Poulson of Transwestern represented the landlord, 220 Sylvania Partners LLC. Seth Koschak and Forrest Cook of Stream Realty Partners represented the tenant.

Platinum Press has leased 150,000 square feet at 4251 Empire Road in Fort Worth. Frank Jester of Transwestern-Fort Worth represented the tenant. Steve Koldyke and Kacy Jones of CBRE-Arlington represented the landlord.

ITW Food Equipment Group LLC has leased 25,692 square feet at Railhead Business Station, 500 Railhead Road in Fort Worth. Nick Talley of Bradford Commercial Real Estate Services-Fort Worth represented the landlord.

ITW Food Equipment Group LLC has leased 24,896 square feet at Railhead Business Station, 800 Railhead Road in Fort Worth. Bob Scully of CBRE represented the tenant. Nick Talley of Bradford Commercial Real Estate Services-Fort Worth represented the landlord.

At Home Health has leased 2,300 square feet at 6530-6538 Hawks Creek Blvd. in Fort Worth. Scott Lowe of Vision Commercial Real Estate represented the landlord.

BHM Services has leased 2,040 square feet at 2800 Shamrock Ave. in Fort Worth. Ed Runyon of WFR Properties represented the landlord.

Westlake Health Mart Pharmacy has leased 1,762 square feet at Park Glen Market Place Phase III, 5421 Basswood Blvd. in Fort Worth. Sam Flesner and Jeff Lewin of Retail Solutions-Dallas represented the landlord.

Rockin’ Jump has leased 21,424 square feet at 320 E. Main St. in Crowley. Bobby Montgomery and Jon McDaniel of NAI Robert Lynn-retail division represented the landlord.

Texas Custom Commercial Floor Inc. has leased 10,900 square feet at 1551 Heritage Parkway in Mansfield. Jordan Foster and Jim Maibach of Peyco Southwest Realty Inc. represented the landlord.

EST Group has leased 3,313 square feet at First Rate Place, Building 3, 1907 Ascension Blvd. in Arlington. Beaux Riley of Coldwell Banker Commercial Advisors represented the landlord.

Therapeutic Family Life has leased 2,158 square feet at One Arlington Centre, 1112 E. Copeland Road in Arlington. Scott Lowe and Jeff Marek of Vision Commercial Real Estate represented the landlord.

Automann has leased 166,491 square feet at Cooper IH 20, Building A, 931 W. Bardin Road in Arlington. Dave Anderson and Brian Gilchrist of CBRE-Dallas represented the landlord.

Free Play LLC has leased 8,085 square feet at 400 E. South St. in Arlington. Jack Allen of Wellington Realty represented the tenant. Loni Harris and Ryan Dodson of Dodson Development represented the landlord.

Curves has leased 3,076 square feet at Green Oaks Shopping Center, 4001-4101 W. Green Oaks Blvd. in Arlington. Robert Roher of Global Realty & Management TX Inc. represented the landlord.

Newgistics has leased 76,563 square feet at DFW Global Logistics Centre, Building C, 1250 Mustang Drive in Grapevine. Steve Koldyke and Kacy Jones of CBRE-Arlington represented the landlord.

Sage Auto Parts has leased 3,250 square feet at Prologis Port America 18, 754 Port America Place in Grapevine. Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas represented the landlord.

Loaded Brushes has leased 1,750 square feet at Glade Points Shopping Center, 3930 Glade Road in Colleyville. Roger Smeltzer and Ricky Abbamondi of Vision Commercial Real Estate represented the landlord.

Beelieve Pediatric Therapy has leased 17,000 square feet at Old Denton Road Phase 2, 10932 Old Denton Road in Keller. Colleen Steyn of Office Equity Solutions-Southlake represented the landlord.

Gadgik has leased 2,500 square feet at Southlake Village, 2100-2140 E. Southlake Blvd. in Southlake. Robert Roher of Global Realty & Management TX Inc. represented the landlord.

BDM Group LLC has leased 14,974 square feet at 1017 Santerre St. in Grand Prairie. Corby Hodgkiss of Mercer Co. represented the tenant. Jordan Foster, Austin Goode and Jim Maibach of Peyco Southwest Realty Inc. represented the landlord.

Konecranes Inc. has leased 4,338 square feet at Trinity West Business Park, Building 1, 2550 114th St. in Grand Prairie. Michael Spain and Jim Ferris of Bradford Commercial Real Estate Services-GSW Office represented the landlord.

Send real estate news to lgraham@bizpress.net


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