Friday, October 22, 2021
59.2 F
Fort Worth

Real Deals: Presidio North changes hands, to be renamed The Citadel

🕐 8 min read

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

Presidio North changes hands, to be renamed The Citadel

Presidio North has been sold to a locally owned development partnership that is planning to transform the 90-acre Fort Worth property into the city’s next mixed-use project, to be known as The Citadel.

Steve Williamson of Transwestern represented the seller, Las Vegas-based Diversified Real Estate Group, and the buyer, a partnership controlled by De La Vega Group.

“We had several parties interested in this high-profile site, but De La Vega was the most qualified developer with the vision and financial capability to build a quality, innovative mixed-use project,” Williamson said in a news release.

When De La Vega’s project is completed, total retail space in the North Fort Worth submarket will exceed 2 million square feet, Williamson added.

Presidio North is at the southwest corner of Interstate 35-W and Heritage Trace Parkway. Transwestern has been retained to provide marketing and leasing services for The Citadel, which will feature 500,000 square feet of retail, restaurant, hotel and entertainment space.

AIRPORT CENTRE I & II SOLD

Airport Centre I & II, located where state highways 121 and 183 converge in Bedford, has been sold to Stanton Road Capital.

The office property offers two, two-story buildings with 251,168 square feet of combined net rentable space and an overall parking ratio of 5.8 per 1,000 square feet. With an 81.6 percent occupancy rate, the property serves as headquarters for Warrantech Corp.

Stanton Road Capital purchased the asset from Allegiancy Houston LLC for an undisclosed sum. Eric Mackey, Gary Carr, John Alvarado, Jared Chua, Robert Hill and Pete Van Amburgh of CBRE represented the seller.

SALES

An unnamed investor has purchased a 6,800-square-foot office building at 6800 Manhattan Blvd., Building No. 5 in Fort Worth. The investor plans to lease the space to multiple office tenants, according to Colt Power of NAI Robert Lynn-Fort Worth, who represented the seller.

Forum Way Investments LLC has purchased a 138,000-square-foot office-warehouse property at 1200 Forum Way South in Fort Worth from SkyWalker Property Partners, acting on behalf of Hangover Opportunity Fund. Theron Bryant of Coldwell Banker Commercial Advisors represented the seller. Chance Olin of Holt Lunsford Commercial represented the buyer.

LEASES

Maria Rodriguez has leased 180 square feet of administrative office space at 5208 Airport Freeway, No. 210-111, in Fort Worth. Jim Eaton of Ron Sturgeon Real Estate LP represented the owner.

Wicked LLC has leased 4,000 square feet of automotive storage and repair space at 3101 N. Main St., units L, M and N, in Fort Worth. Jim Eaton of Ron Sturgeon Real Estate LP represented the owner.

Central Security Group has leased 3,128 square feet at Fossil Creek Tech Center II, 3932-3936 Sandshell Drive in Fort Worth. Jeffrey Smith of Rockwood Capital-Dallas represented the landlord.

The Egg and I has leased 3,423 square feet at The Village at Camp Bowie, 6333 Camp Bowie Blvd. in Fort Worth. Shawn Fullam of Lincoln Property Co.-Dallas represented the landlord.

Carrier Corp. has leased 2,611 square feet at Fossil Creek Tech Center I, 3900-3914 Sandshell Drive in Fort Worth. Jeffrey Smith of Rockwood Capital-Dallas represented the landlord.

ECS Texas LLP has leased 2,170 square feet at Fossil Creek Tech Center IV, 4000-4050 Sandshell Drive in Fort Worth. Jeffrey Smith of Rockwood Capital-Dallas represented the landlord.

Labor Ready Central Inc. has leased 2,000 square feet at Fossil Creek Center, 3345 Western Center Blvd. in Fort Worth. Clint Montgomery of SVN Commercial Realty-Trinity Advisors represented the landlord.

HS Medical Equipment has leased 3,850 square feet at 2901 Suffolk Drive in Fort Worth. Wynn Tucker represented the landlord.

Tote Systems has leased 25,000 square feet at 8821 Forum Way in Fort Worth. Jeff Pateman of Site Selection Group represented the tenant. Brent Landfried and Jeremy Mercer of Mercer Co. represented the landlord.

Phenix Salon Suites has leased 8,461 square feet at Camp Bowie at Sunset, 6201 Sunset Drive in Fort Worth. Shawn Fullam and Davis Lewis of Lincoln Property Co.-Dallas represented the landlord.

Barbacoa has leased 4,850 square feet at Museum Place Block C, 3200-3300 W. Seventh St. in Fort Worth. Rodger Chieffalo of Chieffalo Realty represented the landlord.

ServiceMaster Fire & Water has leased 3,600 square feet at Riverbend, Building 24, 7501-7529 Pebble Drive in Fort Worth. Brent Landfried of Mercer Co. represented the tenant. George Jennings, Donnie Rohde and Jake Neal of Holt Lunsford-Dallas represented the landlord.

Lawyers Title has leased 3,050 square feet at Village at Camp Bowie, 6115 Camp Bowie Blvd. in Fort Worth. Davis Lewis, Hunter Brous and Lee Koons of Lincoln Property Co.-Dallas represented the landlord.

Petrohill Resources has leased 2,003 square feet at American National Bank Building, 2720 W. Seventh St. in Fort Worth. Blake Lloyd of CBRE-Fort Worth represented the landlord.

Winners All has leased 1,863 square feet at Village at Camp Bowie, 6323 Camp Bowie Blvd. in Fort Worth. Davis Lewis, Hunter Brous and Lee Koons of Lincoln Property Co.-Dallas represented the landlord.

Aria Salt Therapy Center has leased 1,692 square feet at Village at Camp Bowie, 6323 Camp Bowie Blvd. in Fort Worth. Davis Lewis, Hunter Brous and Lee Koons of Lincoln Property Co.-Dallas represented the landlord.

Wing Stop has leased 1,773 square feet at 2651 E Broad St. in Mansfield. Renee Guy-Efimoff of Coldwell Banker Commercial Advisors-DFW represented the landlord.

Hempel USA Inc., a global industrial coatings manufacturer and distributor, has leased 205,522 square feet in Building B of Northport 35 Business Center in Northlake. The center, a speculative three-building development totaling 945,035 square feet on 54 acres, serves tenants ranging from 16,000 square feet to 650,000 square feet. Stream Realty Partners secured the lease on behalf of Hempel, whose lease raises the project’s total occupancy to 55 percent.

Jim Eaton of Ron Sturgeon Real Estate LP represented the owner in the following transactions at Blue Mound Business Center in Haslet. North Texas Basements Inc. leased 6,000 square feet at 1128 Blue Mound Road West, No. 200. Christopher Head leased 2,000 square feet for a plumbing company at 1150 Blue Mound Road W., No. 303. Codi and Amanda Morris leased 2,500 square feet for cross-fit training space at 834 Blue Mound Road West, No. 400. David Merrell leased 8,000 square feet for vehicle storage at 1128 Blue Mound Road West, Nos. 204 and 306. Chaince Investment Group LLC leased 1,500 square feet for automotive restoration at 850 Blue Mound Road West, No. 209. Curtis James leased 1,000 square feet for automobile parts, storage and sales at 850 Blue Mound Road West, No. 704. Tyson Building Corp. leased 1,800 square feet of office and warehouse space at 1150 Blue Mound Road, No. 815.

Food Grade Group has leased 229,400 square feet at Prologis GSW 9, 3151 E. Pioneer Parkway in Arlington. Steve Koldyke and Brian Gilchrist of CBRE-Arlington and Jacob Milligan of Prologis represented the landlord.

TABC has leased 15,000 square feet at Arlington Downs Tower, 2225 E. Randol Mill Road in Arlington. Erik Blais and Richmond Collingsworth of Bradford Commercial Real Estate Services represented the landlord.

Apollo Machine Tool Services Inc. has leased 11,040 square feet at Arlington Business Park, 731-745 109th St. in Arlington. John Brewer of Transwestern-Dallas represented the landlord.

Sebastian Labonne has leased 3,000 square feet for automotive sales and storage at 1115 Sturgeon Court in Arlington. Jim Eaton of Ron Sturgeon Real Estate LP represented the owner.

Ennova Learning Solutions LLC has renewed its lease for 10,838 square feet of office space in Copeland Tower, 1250 E. Copeland Road in Arlington. Erik Blais, Richmond Collinsworth, Jared Laake and Ed Pachecano of Bradford Commercial Real Estate Services represented the landlord, WF Tower-Dallas LLC. Garrett Gibbons of Jackson & Cooksey represented the tenant.

Metro PCS has leased 1,500 square feet at Harwood Hills Village, 3100-3354 Harwood Road in Bedford. Randy Scott of Quine & Associates Inc.-Dallas-Ft. Worth represented the landlord.

Geldard Technologies LLC has leased 2,000 square feet at 2516 Minnis Drive in Haltom City from M&N Joint Venture. Chris L. Stewart of Vasseur Commercial Real Estate Inc. represented the landlord.

Frankenstein Motors LLC has leased 2,250 square feet for office and auto repair space at 5524 Midway Road in Haltom City. Jim Eaton of Ron Sturgeon Real Estate LP represented the owner.

Sorvay Xayprasith has leased 4,500 square feet for automotive repair at 4425 Midway Road, No. 9 in Haltom City. Jim Eaton of Ron Sturgeon Real Estate LP represented the owner.

Texas Rug Gallery has leased 6,000 square feet at Cornerstone Plaza, 2717-2737 E. Southlake Blvd. in Southlake. Britton Lankford and Mason Bakken of Bright Realty Brokerage LLC represented the landlord.

Acme Widget has leased 3,228 square feet at 820 Tower I, 305 Northeast Loop 820 in Hurst. Russell Podraza, Travis Moore and Ben Appleby of Paladin Partners represented the landlord.

Waterview-Westward LLC and Renal Treatment Centers-SE have leased 8,554 square feet of office space from Interra-Waterview LLC at 270 E. Highway 67 in Duncanville. John Fancher and Shannon Johnston of Cushman & Wakefield represented the landlord.

Premiere Martial Arts has leased 1,500 square feet at Lake Ridge Village, 5145 Lake Ridge Parkway in Grand Prairie. Ann Cloud Ngo of Quine & Associates Inc.-Dallas/Fort Worth represented the landlord.

Brooks Equipment has leased 39,000 square feet at 920 Avenue R in Grand Prairie. Brian Gilchrist and Tim Vogds of CBRE-Arlington represented the tenant. Canon Shoults of Holt Lunsford-Dallas represented the landlord.

Walter Surface Technologies Inc. has leased 22,686 square feet at 710 Gateway Blvd. in Coppell. Brian Gilchrist of CBRE-Dallas represented the landlord, Prologis.

Send real estate news to lgraham@bizpress.net

Related Articles

Our Digital Sponsors

Latest Articles

Texas Rangers
Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate